An Argentinian Court has struck out an injunction from the legal team representing football star Carlos Tevez. The former Boca Juniors, Manchester City and Manchester United attacker had filed an injunction through his lawyers to challenge the wealth tax from government. The wealth tax has been initiated by the government in Argentina to cater to tax on large fortunes.
The Federal Administrative Court Number 5 in Argentina turned down the bid from Carlos Tevez to avoid paying the ‘wealth tax’ levy.
A law passed by the Senate in Argentina approved the levy in December 2020 and it is for wealth citizens whose assets exceed $2.1m. The levy is dependent on the value of the person's assets and where the assets are situated. The levy ranges from 2 to 3.5%.