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
Wildfires Burn Nearly 7,800 Hectares in France as Extreme Heat Fuels Fire Risk
Wildfires have burned approximately 7,800 hectares across France during the first eight days of July, already surpassing the more than 4,400 hectares destroyed throughout the entire month of July 2025, according to data from the European Forest Fire Information System (EFFIS) analyzed by AFP.
Authorities have maintained the highest wildfire alert across much of southern France as soaring temperatures and strengthening winds continue to increase the risk of new outbreaks.
Early-season fires in the departments of Pyrénées-Orientales, Drôme, and Hérault have prompted the deployment of significant firefighting personnel and equipment from across the country as emergency services work to contain the blazes.
Officials continue to monitor weather conditions closely, warning that persistent heat and strong winds could further complicate firefighting efforts in the coming days.
International
USAR El Salvador Helps Rescue Dogs Trapped for 12 Days Beneath Earthquake Rubble
Stories of survival continue to emerge from Venezuela following the powerful 7.5- and 7.2-magnitude earthquakes that struck the country on June 24. In recent days, social media has highlighted the rescue of several dogs that survived for nearly two weeks beneath collapsed buildings.
One of the rescues involved Milo, a small-breed dog that was spotted trapped under the rubble of a collapsed building. The operation was carried out jointly by members of USAR El Salvador, Topos Azteca, and Topos Azteca Nayarit, who safely brought the animal to the surface after 12 days.
Another dog, Draco, a black-and-tan Chihuahua, was rescued from the rubble of an apartment building in La Guaira. Relatives searching for missing pets were guided by the dog’s faint barking. After being rescued, Draco received first aid and hydration from a veterinary team before being transferred to a specialized clinic for further medical treatment.
Meanwhile, the Armed Force of El Salvador announced that another rescued dog, Fénix, has begun a new chapter in El Salvador. According to the institution, the mixed-breed dog was rescued by its Humanitarian Rescue Unit (UHR) and has since been adopted by the team.
The Armed Force said Fénix will be trained as a search-and-rescue dog and is expected to join the UHR in future emergency response missions, becoming part of the unit dedicated to saving lives.
International
UN Appeals for $296 Million in Emergency Aid Following Venezuela Earthquakes
Tom Fletcher, the United Nations Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, is currently in Venezuela, where he has been meeting with government officials to assess the country’s humanitarian response following the recent earthquakes.
During a virtual meeting on Wednesday with ministers organized by the United Nations Office for the Coordination of Humanitarian Affairs, Fletcher issued an urgent appeal for $296 million to fund emergency relief operations.
“We have a clear plan. We need $296 million to address the socioeconomic needs of 1.3 million people over the next six months. It is a time-bound plan,” Fletcher said. He also acknowledged the support already received, adding, “Donors are stepping up, and I pay tribute to them and thank them.”
The emergency appeal comes in addition to the $632 million humanitarian response plan launched earlier this year for Venezuela, where nearly eight million people were already in need of humanitarian assistance before the earthquakes.
According to UN officials, that plan had secured only $115 million in funding before the twin earthquakes struck. Following a new wave of international contributions, the total funding has now reached $300 million.
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