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 Earthquake Leaves at Least 22 Dead as Rescue Efforts Continue

At least 22 people were killed and dozens more were affected by a magnitude 7.4 earthquake that struck Colombia on Monday, with the epicenter located near the municipality of San José del Palmar in the northwestern department of Chocó, authorities reported in a preliminary assessment.

The city of Pereira has so far recorded the highest number of fatalities. Mayor Mauricio Salazar told local media that 18 people had died in the city and warned that a large number of buildings had been damaged.

“The situation is critical, and we are moving forward with assessments while assisting people who remain trapped,” Salazar said.

Authorities in Manizales reported two additional deaths, while two more fatalities were confirmed in the department of Valle del Cauca. Several people were also injured, and structural damage was reported in different communities.

“We are just beginning to establish radio communication with the hospitals. We know that we have three injured people in El Cairo, two deaths in Zarzal, the collapse of an academic structure in Calima Darién, and minor structural damage in Cali,” said María Cristina Lesmes, Valle del Cauca’s health secretary.

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Emergency teams were continuing rescue and assessment operations as authorities worked to determine the full extent of the damage and update the number of casualties.

International

Record 230 Migrants Cross English Channel to UK in Single Boat

A record 230 migrants crossed the English Channel overnight Sunday aboard a small inflatable boat bound for the United Kingdom, according to French maritime rescue services and British media, highlighting the growing number of people being packed onto vessels attempting the dangerous crossing.

More than 20 children were among those aboard the inflatable boat when it departed from the northeastern French coast on Sunday night amid chaotic scenes, France’s maritime rescue service SNSM said in an online statement.

The figure surpasses the previous record for the number of people aboard a single boat, set last month when 165 migrants successfully crossed the busy maritime route.

The latest incident comes just days after an inflatable boat carrying more than 150 people capsized in the Channel after its engine caught fire, triggering a major search-and-rescue operation.

Britain’s Home Office did not confirm the exact number of people aboard Sunday’s vessel but condemned what it described as the “reckless and dangerous tactics” used by criminal gangs facilitating the crossings.

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A spokesperson for Prime Minister Andy Burnham described images of the operation as “shocking,” particularly those showing very young children being placed aboard boats that were not suitable for the journey.
The United Kingdom has spent years attempting to curb these dangerous and politically sensitive Channel crossings. Tens of thousands of migrants have reached the southeastern English coast annually in recent years, keeping the issue at the center of the country’s immigration debate.

International

Joe Biden’s Prostate Cancer Has Spread to His Bones, Son Hunter Reveals

Former U.S. President Joe Biden’s prostate cancer has worsened and spread to his bones and other parts of his body, his son Hunter Biden revealed in a recent interview with the BBC.

Biden disclosed in May 2025, just four months after leaving office as the oldest sitting U.S. president in history, that he had been diagnosed with an aggressive form of prostate cancer that had already spread to his bones.

The former president subsequently began treatment, including radiation and hormone therapy. In July, while announcing the publication of his memoirs, Biden said the treatment was going “really well.”

However, in an extensive interview broadcast Friday night on the BBC’s Newsnight, Hunter Biden said his father’s condition had progressed despite treatment.

“The cancer has spread and metastasized to his bones and other places,” Hunter Biden said.

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He added that the illness has been “very painful” and, in many ways, “very debilitating,” but said his father continues to remain active.

“He’s still out there. He’s still doing his thing,” Hunter Biden said, emphasizing that his father remains deeply committed to the United States.
The former president’s diagnosis has remained a subject of public attention since it was first announced, particularly because of his age and his decision to continue a public life after leaving the White House.