International
Chilean President abandons his fiscal reform and presents new proposal
August 2|
Chilean President Gabriel Boric said on Tuesday that his government will not insist on a rejected tax reform bill and will promote new initiatives to raise the necessary funds to address some of its promised social proposals.
In June, the leftist ruler had said that his government would insist at the end of July in the Senate to resume the legislative processing of the tax adjustment.
Through a new Fiscal Pact, Boric said that the spending proposals involve resources for 8,000 million dollars to finance programs such as the Universal Guaranteed Pension to improve the lowest pensions, reduction of waiting lists in health, as well as greater investment in citizen security.
“This proposal considers the contribution made by growth, the reform of the state, the strengthening of tax oversight and taxes paid by the higher income sectors to be able to finance in this way the social expenses that are urgent,” he said in a televised speech.
“We are not going to insist in the Senate with the bill that was previously rejected”, he added.
Boric did not specify deadlines for the delivery and processing of the initiatives, or how much the total collection is expected to be.
The government’s new proposal will be divided into two projects, one to improve tax compliance and the other to adjust income tax focused on those with greater resources.
“This initiative will also include tax incentives for investment, productivity and formalization, as well as benefits for the middle class and a new regime for smaller companies,” he said.
He specified that the tax incentives would be equivalent to 0.5 points of the Gross Domestic Product (GDP).
The first project includes measures that seek to increase tax collection through legal modifications that do not imply a tax increase, which would increase tax collection by 1.5% of the GDP in net terms, according to a government minute.
Meanwhile, the second will be focused on income tax for both companies and individuals and will include incentives for investment, productivity and formalization, as well as benefits for the middle class and the new tax regime for smaller companies, which would have a fiscal cost of 0.5% of GDP.
At the investment level, tax incentives such as semi-instantaneous depreciation and a tax credit fund for investments with a multiplier effect on activity, employment and environmental sustainability are proposed.
It also commits to reduce by 30% the processing time for mining projects, according to the minutes.
Additionally, the plan includes five priority areas of productive diversification that by 2026 foresees three or four new lithium projects, two thirds of the energy matrix with renewable sources, 10-12 projects in the development of green hydrogen and an increase in the digital economy.
The original tax reform bill was rejected in March by the deputies and the government could only insist on its passage through the Senate.
International
Pope Francis meets former Gaza hostages
Pope Francis met on Thursday at the Vatican with 16 Israelis who had been held hostage in Gaza for months by the Islamist group Hamas, according to the official Vatican news website.
The group consisted of ten women, four men, and two children, as reported by the same source. Several of the former hostages showed the Argentine pontiff banners or photos of their loved ones who remain in captivity.
Francis had previously met with the families of hostages in April this year and November 2023, but this was the first time he had met with individuals who had personally endured captivity.
Since the conflict between Israel and Hamas began, the pope has repeatedly called for the immediate release of Israeli hostages, while also condemning the suffering of the Palestinian population.
The war erupted on October 7, 2023, when Islamist militants attacked southern Israel, killing 1,206 people, mostly civilians, and kidnapping 251, according to an AFP tally based on official Israeli figures that include hostages who died in captivity.
Of the kidnapped, 97 are still being held in Gaza, but the Israeli military estimates that 34 of them have died.
The military offensive launched by Israel in response has killed at least 43,736 people in the Gaza Strip, mostly civilians, according to data from the Ministry of Health in the Hamas-governed territory.
International
Israeli airstrikes on Damascus kill 15 and injure 16, including women and children
Israeli forces carried out airstrikes on residential buildings in the Syrian capital, Damascus, and its surroundings on Thursday, resulting in at least 15 deaths and 16 injuries, according to Syria’s Ministry of Defense and state television.
The ministry stated that around 3:20 p.m. local time (12:20 GMT), the Israeli military launched an aerial attack from the direction of the occupied Golan Heights, targeting several residential buildings in the Mazzeh neighborhood in western Damascus and the Qudsaya suburb to the northwest of the capital.
The airstrikes “resulted in the death of 15 people and injuries to 16 others, including women and children,” based on initial estimates, in addition to significant damage to private property and civilian buildings, the ministry added.
Meanwhile, state television reported Israeli airstrikes on three buildings in Mazzeh and another on a building in an educational complex located in a residential area of Qudsaya.
Following the strikes, loud explosions were heard throughout the city, and thick plumes of smoke could be seen rising from the targeted locations. Ambulances and emergency services rushed to the scene to attend to the victims.
International
Drug trafficker dies after boat collision with Guardia Civil Vessel in Sanlúca
Three people were on the boat that collided with a Guardia Civil vessel around midnight at the mouth of the Guadalquivir River in Sanlúcar de Barrameda, near the Andalusian city of Cádiz, a spokesperson for the Civil Guard reported.
Two officers sustained “contusions,” the spokesperson explained.
The drug traffickers managed to bring the boat to shore, where one of them was “abandoned” severely injured. The other two fled.
The Civil Guard officers attempted to resuscitate the victim before transporting him to Sanlúcar de Barrameda, but he ultimately died early in the morning.
The other two suspects took advantage of the officers’ absence while they were taking the victim and returned to set their boat on fire.
The collision occurred very close to the site of another accident on September 1, where a drug trafficker died following a Guardia Civil pursuit.
The suspects’ boat traveled “400 meters” before crashing head-on and “at full speed” into the riverbank, where a hundred bundles of hashish were found.
-
Central America3 days ago
Bukele begins official visit to Costa Rica based on security, cooperation and trade
-
Central America2 days ago
Nicaraguan Naval Force seizes cocaine on Pacific Coast, suspects escape
-
Central America2 days ago
El Salvador delivers aid to Costa Rica amid severe flooding and red alerts
-
Central America2 days ago
Bukele urges Costa Rica to reform prison system amid rising crime rates
-
International2 days ago
Marco Rubio considered for Secretary of State in Trump administration, reports say
-
International2 days ago
Sheinbaum pledges support for mexican migrants amid U.S. border enforcement plans
-
International3 days ago
Daniel Ortega turns 79: 29 in power, 17 “governing from below”, and 7 in prison
-
International3 days ago
Le procureur vénézuélien dénonce une campagne visant à présenter les “criminels” comme prisonniers politiques
-
International3 days ago
Les migrants qui ont été retenus en Albanie par le gouvernement de Meloni arriveront ce soir en Italie
-
International4 days ago
Shooting at Tuskegee University leaves one dead and several injured
-
International2 days ago
Elon Musk and Vivek Ramaswamy to head Trump’s Department of Government Efficiency
-
International1 day ago
Málaga paralyzed by new storm as torrential rains hit Spain
-
International3 days ago
A US flight to Haiti is deflected after being shot when approaching Port-au-Prince
-
International2 days ago
President-elect Trump chooses Pete Hegseth as Secretary of Defense
-
International1 day ago
Seven bodies found with signs of torture in Sinaloa
-
International1 day ago
Hezbollah launches explosive drone strike on Israel’s defense headquarters
-
International3 days ago
Irish mobster Hutch is rending for general elections after arrest in Spain
-
International1 day ago
Ecuadorian judge orders preventive detention for nine inmates after deadly prison clashes
-
Internacionales2 days ago
Mexico deploys 12,000 security agents to Guerrero amid escalating violence
-
Internacionales4 days ago
Tropical storm Rafael weakens over gulf of Mexico after devastating Cuba
-
International1 day ago
Santiago Uribe cleared of homicide and paramilitary charges
-
International3 days ago
Trump appoints an ally without experience in the sector to the environmental agency
-
International1 day ago
Trump nominates Matt Gaetz as attorney general
-
International1 day ago
Marco Rubio to become first latino U.S. diplomacy chief under Trump
-
International3 days ago
The court of El Salvador postpones the preliminary hearing for the massacre of Jesuit parents in 1989
-
Central America9 hours ago
Mulino warns Trump: Darién is U.S.’s ‘other border’ in call for bilateral solutions to migration
-
International9 hours ago
Aemet downgrades rainfall alert as heavy rains ease in Spain
-
International9 hours ago
Drug trafficker dies after boat collision with Guardia Civil Vessel in Sanlúca
-
International9 hours ago
Israeli airstrikes on Damascus kill 15 and injure 16, including women and children
-
Central America10 hours ago
Ten dead in Panama due to storms causing over $100 million in damages
-
International9 hours ago
Venezuelan opposition activist dies in custody amid allegations of repressive crisis
-
International9 hours ago
Maria Corina Machado sees clear signs for Venezuela after Trump’s victory
-
International9 hours ago
Pope Francis meets former Gaza hostages