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

Colombia to Send High-Level Delegation to Ecuador to Ease Trade Tensions

Colombia’s Ministry of Foreign Affairs confirmed on Friday that, at the instruction of President Gustavo Petro, a high-level delegation will travel to Ecuador in an effort to normalize bilateral relations, which have deteriorated following the imposition of reciprocal tariffs.

“In line with Colombia’s policy of good neighborliness and the spirit of cooperation and integration that guides its foreign policy,” the Foreign Ministry said in a statement, adding that the delegation will be led by Foreign Minister Rosa Villavicencio and Defense Minister Pedro Sánchez.

“Following instructions from the Presidency of the Republic, and as has been publicly reiterated, the Colombian delegation expects to reaffirm Colombia’s offer of support to the Republic of Ecuador to strengthen control over phenomena stemming from transnational organized crime,” the statement said.

The Foreign Ministry noted that the delegation will attend the meeting with a full willingness to engage in dialogue and to seek concrete solutions to the unilateral measures that have affected the longstanding relationship between the two neighboring countries.

Trade tensions between Ecuador and Colombia escalated on January 21, when Ecuadorian President Daniel Noboaimposed a 30% tariff on Colombian products, citing a lack of cooperation in anti-drug efforts. Colombia responded with similar measures and the suspension of energy exports, while Ecuador increased transportation costs for Colombian crude oil.

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Business associations in both countries have warned that the dispute is harming both economies and have called on the governments to resolve their differences through dialogue.

International

Super Bowl Halftime Show Puts Bad Bunny—and Immigration Politics—Back in the Spotlight

The long-standing argument that sports and politics should not mix may be put to the test on Sunday during the Super Bowl halftime show, which will be headlined by Puerto Rican superstar Bad Bunny, a choice that has sparked backlash from segments of the U.S. right wing.

Just one week after his headline-making appearance at the Grammy Awards—where he sharply criticized the United States’ anti-immigration policies—Bad Bunny will once again take center stage on the global spotlight with his performance at the NFL final in Santa Clara, California.

Beyond the expectations surrounding the show itself, speculation has grown over whether the artist could again use the platform to protest policies associated with the administration of former President Donald Trump, in front of an audience expected to exceed 120 million viewers in the United States alone.

In fact, one of the most popular Super Bowl prop bets this year revolves around whether the Puerto Rican singer will deliver a direct message against ICE (U.S. Immigration and Customs Enforcement), similar to the one he delivered at the Grammys last Sunday.

While few expect Bad Bunny to repeat such a pointed statement, the mere speculation highlights the delicate balance the NFL must manage during the most-watched broadcast of the year.

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The world’s most powerful sports league has drawn criticism from the MAGA movement since announcing in September that Bad Bunny would headline a halftime show largely performed in Spanish.

Trump himself declined to attend the matchup between the New England Patriots and the Seattle Seahawks, despite having made history last year as the first sitting U.S. president to attend a Super Bowl. He described the musical lineup—which also includes outspoken critics such as Green Day—as “a terrible choice” that would “sow hatred.” In response, his supporters have organized an alternative event dubbed the “All-American Halftime Show,” featuring like-minded artists such as Kid Rock.

International

Venezuela Debates Broad Amnesty Law Covering 27 Years of Chavismo

Venezuela’s Parliament began debating on Thursday a sweeping amnesty bill that would cover the 27 years of Chavismo in power, while explicitly excluding serious human rights violations and crimes against humanity.

The proposed legislation, titled the “Amnesty Law for Democratic Coexistence,” was introduced by interim President Delcy Rodríguez, who assumed power following the capture of Nicolás Maduro during a U.S. military operation.

The legislative session was convened for Thursday afternoon, with lawmakers holding an initial discussion focused on the general principles of the bill. This phase precedes a consultation process with civil society, after which the proposal will move to a final debate examining each article individually.

According to a draft of the bill obtained by AFP, the amnesty would apply to individuals accused of crimes such as “treason,” “terrorism,” and “incitement to hatred,” charges that were frequently brought against political prisoners over the past decades. The scope also includes offenses ranging from acts of rebellion to punishments imposed for social media posts or messages sent through private messaging services.

The bill’s explanatory text emphasizes reconciliation, stating that it seeks to move away from “vengeance, retaliation, and hatred” in favor of “opening a path toward reconciliation.”

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However, the proposal explicitly excludes from its benefits crimes such as “serious human rights violations, crimes against humanity, war crimes, intentional homicide, corruption, and drug trafficking.”

These exclusions, the text notes, are based on strict compliance with the Venezuelan Constitution, which already prohibits granting amnesties or pardons for such offenses.