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
Latin Music Stars Unite in Miami to Raise Aid for Victims of Venezuela’s Devastating Earthquake
Latin music stars including Marc Anthony, Ricardo Montaner and Feid will take part in a benefit concert in Miami on August 16 to raise funds and support victims of the devastating double earthquake that struck Venezuela.
The disaster has left 4,734 people dead and 16,740 injured, according to the latest official figures.
The lineup will also feature artists such as Jay Wheeler, Elena Rose, Silvestre Dangond, Gente de Zona, Mau y Ricky, Olga Tañón, Lasso, San Luis, Piso 21, Alleh, Zhamira Zambrano and Enrique Santos, with organizers expecting additional performers to join the event in the coming weeks.
Athletes, actors, entertainment figures, media personalities and leaders from the Hispanic community are also expected to participate in the initiative.
Organized by the United for Venezuela coalition, the concert will take place at the Kaseya Center in Miami starting at 6:00 p.m. local time (10:00 p.m. GMT) and will be broadcast simultaneously through multiple platforms.
According to organizers, viewers will be able to contribute through donation platforms and QR codes available during the event.
The concert will also feature reports on rescue efforts, the work of humanitarian organizations on the ground, and testimonies from people affected by the disaster to highlight the scale of the tragedy.
Venezuela was hit on June 24 by a powerful double earthquake measuring 7.2 and 7.5 in magnitude, with the strongest impacts reported in areas including Caracas and La Guaira.
The event aims to bring together the international community and mobilize resources to assist families affected by the earthquake and support ongoing recovery efforts.
International
Trump Administration Seeks Global Action Against “Resurgent” Left-Wing Terrorism
U.S. Secretary of State Marco Rubio will host a ministerial meeting in Washington on Thursday to discuss what the Donald Trump administration describes as a growing threat from left-wing terrorism around the world.
According to a statement from the State Department, the meeting aims to promote “stronger joint action” among international partners to address what Washington considers security gaps that terrorist groups continue to exploit.
The U.S. government has not yet disclosed which countries will participate in the meeting or which foreign ministers are expected to attend.
The Trump administration claims that “far-left terrorism is resurging”, pointing to violent attacks linked to extremist movements in the Americas, Europe, Asia, and other regions.
U.S. officials argue that the threat has been “underestimated” by the international community for years as part of broader counterterrorism strategies.
As part of its efforts, the Trump administration has designated several left-wing extremist groups as terrorist organizations, including Antifa Ost, the Informal Anarchist Federation/International Revolutionary Front (FAI/FRI), Armed Proletarian Justice, and Revolutionary Class Self-Defense.
The United States has also announced rewards of up to $10 million for information that helps disrupt the financial networks supporting those organizations.
The meeting comes as the Trump administration seeks greater international cooperation on counterterrorism policies and increased coordination among governments to address what it considers emerging extremist threats.
International
President Noboa Declares New Security Strategy as Ecuador Faces Record Violence Levels
Ecuadorian President Daniel Noboa on Tuesday declared the National Comprehensive Security Plan 2025-2029 as a nationwide public policy, a strategy aimed at guiding state actions on security matters over the next four years.
The measure was formalized through an executive decree that activates the plan approved on March 9 by the Public and State Security Council (Cosepe) and replaces the National Comprehensive Security Plan 2019-2030, which had been designated as public policy in 2021.
Under the new decree, implementation of the strategy will be led by the ministries of Interior, Defense, and Foreign Affairs and Human Mobility, along with the National Intelligence Center and the National Secretariat for Risk Management. These institutions will be responsible for coordinating actions according to their respective areas of responsibility.
According to the official document, the new plan adopts a multidimensional and comprehensive security approach, with a long-term vision focused on national interests and on strengthening the State’s ability to respond to current threats.
The Ecuadorian government said the strategy seeks to improve coordination among public institutions within the framework of the “internal armed conflict” declared by Noboa in 2024 as part of the fight against criminal organizations operating across the country.
The plan also includes measures to strengthen international cooperation against transnational organized crime, which authorities identify as one of Ecuador’s main security challenges due to its links to drug trafficking and illegal mining.
The government described the document as a roadmap for prevention, protection, response and recovery actions in the face of national security risks, promoting coordinated efforts among state institutions.
Ecuador has remained under an internal armed conflict declaration since 2024, when Noboa intensified operations against criminal gangs that his administration has labeled terrorist organizations. Despite the increased security measures, the country recorded around 9,300 homicides in 2025, the highest figure in its history, according to data from the Ministry of Interior.
The new security plan comes as Ecuador seeks to strengthen its institutional response to escalating violence and the growing influence of organized crime networks.
Latin Music Stars Unite in Miami to Raise Aid for Victims of Venezuela’s Devastating Earthquake
Trump Administration Seeks Global Action Against “Resurgent” Left-Wing Terrorism
President Noboa Declares New Security Strategy as Ecuador Faces Record Violence Levels
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
Defense Minister commends salvadoran soldier for Central American Cross Country victory
Extension of the state of emergency approved in southern Chile
-
International2 days agoICE reverses course and moves forward with New Jersey migrant detention facility project
-
International2 days agoJudge rules Trump’s IRS lawsuit was a “bad faith” attempt to manipulate the judicial process
-
International1 day agoFrance Holds Largest Bastille Day Military Parade as Europe Highlights Strategic Defense
-
International2 days agoMarco Rubio launches U.S. campaign to “dismantle” the International Criminal Court
-
International1 day agoPresident Noboa Declares New Security Strategy as Ecuador Faces Record Violence Levels
-
International3 days agoVenezuela Earthquake Death Toll Rises to 4,490 as Rescue Efforts Continue
-
International1 day agoForeign Medical Teams Race to Prevent Health Crisis in Venezuela Earthquake Camps
-
International5 hours agoLatin Music Stars Unite in Miami to Raise Aid for Victims of Venezuela’s Devastating Earthquake
-
International5 hours agoTrump Administration Seeks Global Action Against “Resurgent” Left-Wing Terrorism