President Javier Milei’s administration has sent a bill to Congress that would lower the income tax threshold. If approved, it would mark a change of direction: the cutoff was hoisted in September, meaning that less than 1% of Argentina’s top earners were eligible to pay the levy.

The government also promised to implement a comprehensive overhaul of Argentina’s tax system in 2025 if it meets its 2024 fiscal goals.

The drive to cut income tax was spearheaded by former Economy Minister Sergio Massa of Peronist Unión por la Patria coalition, who ran against Milei in the presidential run-off. After the changes, only those earning around 15 times the national minimum wage were eligible for the tax — an estimated 88,000 people. As a deputy, Milei........

© Buenos Aires Herald