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April 21, 2014
Tuesday, December 3, 2013

Senate committee approves luxury goods tax

Victory Front senators today ensured that a prospective tax on luxury cars and other high-value items passed an Upper House committee, and the bill will be discussed in the full Senate tomorrow.

The initiative, which would cover luxury vehicles, yachts and sporting aircraft, was approved by the Budget, Planning and Federal Co-participation commissions in today's session, although passing the new taxes through the Upper House will be more difficult.

To gain the necessary two-thirds of votes, the Kirchnerite bloc will need support from parts of the opposition, who have based their backing on the condition that changes are made to the final bill.

UCR senator Ernesto Sanz requested during the committee that that the tax reflected "a progressiveness and scale that protects national industry," a plea similar to that of PJ-La Pampa representative Carlos Verna who asked the government to "update the amount" on which the taxes would come into effect.
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Tags:  luxury car  tax  CFK  


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