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
Venezuela Earthquake Death Toll Rises to 3,535 as Search for Victims Continues
The death toll from the twin earthquakes that struck Venezuela on June 24 rose to 3,535 on Monday, while the number of injured remained at 16,740, according to a statement released by the Venezuelan government.
Authorities have not disclosed an official number of missing persons. However, the United Nations estimates that as many as 50,000 people could still be unaccounted for, although other projections suggest the figure may be closer to 10,000.
Search and recovery operations continue in the state of La Guaira, neighboring Caracas and the region hardest hit by the earthquakes, as emergency crews and volunteers work to recover victims and provide them with dignified burials.
On Sunday, authorities began burying unidentified victims.
More than 150 unidentified bodies were laid to rest at La Esperanza Cemetery in the municipality of Catia La Mar, according to journalists from AFP.
Rows of individual graves now stretch across a dry section of the cemetery, each marked by white stones outlining the burial plots.
Every grave bears a small bouquet of flowers at the base of a white cross, along with a plaque reading “Special Identification” and the date of death: June 24, 2026.
International
WHO warns of increased disease outbreak risk in Venezuela amid low vaccination coverage
The World Health Organization (WHO) has warned of an increased risk of disease outbreaks in Venezuela, including vaccine-preventable illnesses, due to low immunization coverage across the country.
“The vaccination coverage in Venezuela, particularly against measles and other diseases, was already low, so the risk of measles cases and other illnesses is currently high,” said Ciro Ugarte, director for emergencies at the Pan American Health Organization (PAHO), the WHO’s regional office.
Speaking during a video conference with journalists, Ugarte said the risk is especially high in shelters, where overcrowding could significantly accelerate the transmission of infectious diseases.
He also highlighted water quality as an additional concern in the aftermath of the disaster, noting that safe drinking water is not guaranteed in the most affected areas.
“Unfortunately, supply is scarce, making it very difficult to assess conditions in all shelters. That is why evaluating the quality of water provided to the population, especially in large shelters, is a priority,” he said during a briefing in Geneva.
Ugarte suggested that targeted vaccination campaigns could be deployed against mosquito-borne and other vector-transmitted diseases, particularly in overcrowded shelters and in areas where people remain displaced.
According to PAHO, eight health facilities have been assessed so far, all of which require assistance, with three reporting structural damage.
He also stressed that the José María Vargas Hospital, one of Caracas’s major public reference hospitals, requires urgent support due to critical conditions. The facility is currently treating 96 patients in an eight-bed unit, while its blood bank is operating at extremely low levels.
In La Guaira, the Rafael Medina Jiménez Hospital has reduced its capacity from 108 to 35 beds. Additionally, 22 other health centers have reported severe shortages, underscoring the strain on Venezuela’s healthcare system.
International
María Corina Machado’s attempted return to Venezuela reportedly halted amid US political concerns
The administration of U.S. President Donald Trump reportedly pressured Venezuelan opposition leader and Nobel Peace Prize laureate María Corina Machado and disrupted her planned return to Venezuela following recent earthquakes, amid concerns over a potential political crisis, according to The Wall Street Journal.
Sources familiar with the matter told the newspaper that a private jet carrying Machado from the United States to Curaçao was ordered to turn back last week after U.S. officials concluded she intended to continue onward to Venezuelan territory, effectively reversing her earlier departure route from December.
The opposition figure had reportedly spent months preparing to re-enter Venezuela in an effort to renew pressure for new elections, following the detention of then-president Nicolás Maduro under an order issued by Trump. The U.S. president has since stated that Washington’s relationship with Venezuela’s acting leadership, headed by Delcy Rodríguez, is “excellent.”
According to The Wall Street Journal, intermediaries close to the White House warned Machado that proceeding with her return plan could jeopardize her support from Trump and undermine broader U.S. strategy toward Venezuela, potentially delaying electoral plans.
Despite these warnings, Machado reportedly attempted a second route back through Panama. However, Copa Airlines declined to transport her to Venezuela, citing concerns over possible retaliation from Caracas against the airline, according to unnamed sources.
From Panama City, Machado stated on Monday that the Venezuelan government had closed commercial airspace to prevent her return, calling it “urgent” to go back to the country to “face this catastrophe together,” without addressing reports of U.S. pressure.
Axios reported that Trump administration officials viewed Machado’s attempted return as “grotesque political opportunism” in the aftermath of recent earthquakes that have left at least 2,595 people dead and thousands injured, while also delaying reconstruction efforts and potential electoral processes.
Since Maduro’s detention on January 3, President Trump has reportedly expressed support for Rodríguez, the former vice president, who has agreed to trade, mining, and oil agreements demanded by Washington. Trump has described Venezuela as effectively operating under U.S. oversight and has claimed the country is improving economically through increased oil production and exports.
Venezuelan opposition groups based in the United States have urged the Trump administration to reconsider its relationship with Rodríguez and criticized Washington’s stated satisfaction with reconstruction efforts following the June 24 earthquakes.
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