Argentinian president Javier Milei is facing backlash and protests over a new bill that aims to revive the country’s economy by offering tax cuts to residents who declare their crypto holdings. The bill proposes a 5% tax rate for assets reported by March, increasing to 15% for those who wait until November. Milei, who took office just three weeks ago, has been criticized for his controversial policies and accused of dictatorial tendencies. The bill also includes economic reforms and stricter penalties for street protests. While Milei’s party holds a small percentage of seats in Congress, he has threatened to call for a national referendum if the bill is not approved. Experts believe the chances of the bill passing in its current form are slim.

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Information Details
Geography South America
Countries 🇦🇷
Sentiment neutral
Relevance Score 1
People Javier Milei
Companies None
Currencies None
Securities None

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