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Latin America’s Plans to Tax the Rich

May 07, 2020

In Latin America’s nascent debate over how to pay for its pandemic response, one idea is gaining traction: Tax the rich Since March, debates over new tax measures targeting the ultra-wealthy and high earners have begun in at least nine countries across the region, as lawmakers and governments try to figure out how to fill the massive fiscal holes created by the coronavirus “We’ve taken on a massive debt to face this crisis, and we’re going to have to pay for that somehow,” Samuel Pérez Álvarez, a Guatemalan congressman, told AQ “It’s not going to be the middle or lower...

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