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Argentina president seeks special tax on Ukraine war windfalls

AFP

Argentina’s president vowed Monday to pursue a special tax on company profits boosted by the war in Ukraine, a phenomenon he described as an “immorality” given the inflationary pressure on poor households.

While millions were feeling the pain of rising food prices, the war also  “benefits the few… who are gaining a lot,” Alberto Fernandez said in an address.

“This is an immorality, an indecency, which as the State we cannot allow,” he said, repeating his plan for a once-off special tax in 2022 on some companies with taxable profits of more than a billion pesos (some $8 million.)

Argentina has a poverty rate of about 37 percent, and a projected inflation rate of 60 percent for 2022.

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Fernandez did not say which sectors would be targeted for the tax, but cited the rise in wheat, sunflower and maize prices in recent months — all products of which Argentina is a major exporter, along with beef.

The center-left president, with Economy Minister Martin Guzman by his side, urged lawmakers to support the initiative when a bill is presented in coming weeks.

The governing party, however, does not have a majority in Congress.

Last month, the British government announced a temporary windfall tax on oil giants benefiting massively from surging crude prices.

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International

Arsenal stun Real Madrid at the Bernabéu to reach Champions League semifinals

Arsenal enjoyed a “historic night” on Wednesday after defeating Real Madrid 2-1 at the Santiago Bernabéu, knocking them out of the Champions League quarterfinals, midfielder Declan Rice said.

“It’s such a special night for this club, a historic night for this club,” said Rice, who scored twice in the first leg in London, speaking to TNT Sports.

The English international was named Man of the Match in both legs — the 3-0 win in London and the second leg in Madrid.

“It’s amazing. I knew we were on an upward trajectory and we’ve done incredibly well in this competition. We deserve it and we have full confidence in our coach. Reaching the semifinals is unbelievable,” Rice added.

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International

DeSantis’ immigration crackdown sparks alarm in Venezuelan Communities in Doral

Florida, the U.S. state with the third-largest immigrant population, has become the most aggressive in targeting undocumented immigrants, largely due to pressure from Governor Ron DeSantis. This shift has led Latino-majority cities like Orlando and Doral to authorize their police forces to assist in immigration enforcement.

In Doral — part of the greater Miami area where 70.7% of residents are immigrants and 48% are of Venezuelan origin — the City Council is expected to approve a measure this Wednesday allowing local police to collaborate with Immigration and Customs Enforcement (ICE), despite opposition from neighborhood groups and human rights activists.

“It’s yet another betrayal,” said Susana Ríos, a 57-year-old Venezuelan woman currently under Temporary Protected Status (TPS), whose extension was denied by the White House and is now being challenged in court.

Meanwhile, José González, a 21-year-old immigrant, said he feels “abandoned.” He can’t stop thinking about the images of Venezuelans deported to El Salvador without due process. “We’re all in danger,” he warned.

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International

Bogotá residents line up for yellow fever vaccine amid national alert

David Suárez went to a public health center in Bogotá on Wednesday to get vaccinated against yellow fever. It wasn’t originally in his plans, but he responded to a call made just hours earlier by President Gustavo Petro, who announced he will declare a health and economic emergency due to a new outbreak of the disease that has already left more than 30 people dead, mostly in the central-western region of the country.

“I got vaccinated for two reasons: first, for my own health because I’m traveling, and second, for a social reason — simply to follow the president’s guidance and be aware that this is a problem for all of us,” said Suárez, a 39-year-old teacher, to The Associated Press.

Like Suárez, dozens of people were waiting in line for the vaccine at Bogotá’s main intercity bus terminal, a key transportation hub especially crowded during travel seasons like Holy Week.

The teacher is traveling with his family to the department of Huila, which has activated a contingency plan due to its proximity to Tolima — the epicenter of the yellow fever outbreak — where a state of public calamity has been declared.

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