International

Chilean President abandons his fiscal reform and presents new proposal

Photo: MSM

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.

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“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).

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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.

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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

Mexican Navy Ships Deliver Third Shipment of Humanitarian Aid to Cuba

Two logistics support vessels from the Mexican Navy — the ARM Papaloapan and the ARM Huasteco — docked again on Friday in the bay of Havana carrying a third shipment of humanitarian aid for Cuba.

The vessels had previously arrived on the Caribbean island on February 28 with a second cargo that included 1,200 tons of food, sent to help alleviate the country’s ongoing crisis, which has worsened following the U.S. oil restrictions affecting fuel supplies to the island.

Cuba’s deputy foreign minister Josefina Vidal confirmed the new shipment in a social media post.

“Two ships carrying a third shipment of aid from the Government and the people of Mexico for the Cuban people are now arriving at the port of Havana. Thank you Mexico for your solidarity with Cuba,” she wrote.

Previous aid shipments

During the second shipment, the Papaloapan transported 1,078 tons of beans and powdered milk, while the Huastecocarried 92 tons of beans and 23 tons of assorted food products collected by social organizations with support from the government of Mexico City.

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In recent months, Mexico has become the largest provider of humanitarian aid to Cuba, sending around 2,000 tons of supplies, mostly staple foods and hygiene products, in the two shipments prior to Friday’s delivery.

The first shipment alone included 814 tons of food.

Cuba praises Mexico’s support

Hours before the ships arrived, Cuban President Miguel Díaz-Canel highlighted Mexico’s support during a televised appearance, describing the country as “a friendly and brotherly nation that has shown tremendous solidarity,”particularly praising Mexican President Claudia Sheinbaum.

Díaz-Canel also addressed reports suggesting that Mexican donations were being resold in state-run stores, dismissing them as a “disinformation campaign” promoted by right-wing groups.

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International

Ecuador Declares 60-Day National Emergency After Deadly Floods and Landslides

Ecuador has declared a 60-day national emergency to address the impact of a severe rainy season that has left 11 people dead and more than 50,000 affected since January, the government’s disaster management authority announced Friday.

Prolonged heavy rains accompanied by thunderstorms have caused river overflows and landslides, mainly in the coastal provinces of Guayas, El Oro, Esmeraldas, Los Ríos, Manabí and Santa Elena, as well as in the Andean provinces of Lojaand Chimborazo.

According to the Secretariat for Risk Management of Ecuador, the emergency declaration was issued “due to the level of impact caused nationwide on the population, the road network, infrastructure, and livelihoods.”

“The emergency declaration is aimed at responding to the effects and negative impacts and preventing their further spread,” the agency said in a statement.

International

Trump Pushes for Regime Change in Cuba as Havana Confirms Talks With Washington

U.S. President Donald Trump has made no secret of his desire for political change in Cuba, located just 150 kilometers from the United States. Washington considers the island an “exceptional threat,” citing its close ties with Russia, Chinaand Iran, longtime allies of Havana.

Trump has urged Cuba to “reach a deal” with Washington or face consequences, as the island struggles with a severe energy crisis that has nearly paralyzed its economy after the United States cut oil shipments from Venezuela, its main fuel supplier. The U.S. has also warned other countries against selling fuel to Havana.

Cuban President Miguel Díaz-Canel confirmed that Cuban officials have recently held talks with representatives of the U.S. government. The statement came during a meeting with senior members of the ruling Communist Party of Cuba and the executive committee of the Council of Ministers, according to footage broadcast on Cuban television.

“These conversations have been aimed at seeking solutions through dialogue to the bilateral differences that exist between our two nations,” Díaz-Canel said.

Reports of intermediaries and possible negotiations

According to television images, among those attending the meeting was Raúl Guillermo Rodríguez Castro, grandson of former Cuban leader Raúl Castro. Although he holds no official government position, U.S. media have identified him as a possible interlocutor with U.S. Secretary of State Marco Rubio in what have been described as secret discussions between Washington and Havana.

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For some Cubans, any potential agreement with Washington is viewed pragmatically. “As long as it benefits us, we can reach an agreement — but on our terms,” said Sergio Guerra, a 55-year-old agricultural vendor, speaking to AFP.

Díaz-Canel’s remarks confirm earlier statements by Trump, who indicated in January that his administration had already begun contacts with senior Cuban officials.

Mexico calls for diplomacy

Meanwhile, Mexico welcomed the possibility of dialogue after recently sending more than 2,000 tons of humanitarian aid to Cuba to help mitigate the crisis.

Mexican President Claudia Sheinbaum said her country would always promote peace and diplomatic dialogue, particularly in response to what she described as the long-standing injustice of the U.S. embargo on the Cuban people.