Chile's Senate OKs Business-Friendly Economic Reforms
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22 Articles
Chile’s Senate Narrowly Passes President Kast’s Economic Overhaul
Chile · Economics Key Facts —Corporate Tax Cut The reform phases down the corporate income rate from 27% to 23% over four years, seeking to align Chile with the OECD average and attract investment. —Tax Stability The bill grants up to 20-year tax invariability for large-scale investments, a key sweetener for foreign capital in mining, […] The post Chile’s Senate Narrowly Passes President Kast’s Economic Overhaul appeared first on The Rio Times.
The project reduces taxes on companies and seeks to attract investment, but generates criticism for its cost to the State; the validation in Deputies remains
From the center-left and the left they catalogued the day as a hard blow to the financing of the state, warning that the approved measures are regressive, mainly benefit the sectors of higher income.
Radio France Internationale
Chile's Senate OKs business-friendly economic reforms
The changes include a series of tax cuts that include a gradual reduction in levies on companies and a 20-year freeze on the rate for investments that surpass $350 million. The reforms now need to be approved by the lower chamber of Congress, where right-wing parties that back Kast hold a majority. Endorsed by US President Donald Trump, Kast came to power in March on a crime-fighting, anti-immigration platform in Chile's most pronounced shift …
The Chilean Senate approved on Thursday a project of economic and tax reforms proposed by the new president of the country, José Antonio Kast, with which the government hopes to reactivate the economy and attract new investments. By a narrow margin, the senators approved, one by one, the articles provided for by the proposal, in a debate that lasted 12 hours, entering in the morning, due to the differences between governments and opponents. "Tod…
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