Connect with us

International

Chilean President abandons his fiscal reform and presents new proposal

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.

Advertisement
20260224_estafa_mh_728x90
previous arrow
next arrow

“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).

Advertisement
20260224_estafa_mh_728x90
previous arrow
next arrow

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.

Advertisement
20260224_estafa_mh_728x90
previous arrow
next arrow

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

United Nations Coordinates Relief Efforts as Venezuela Death Toll Rises After Twin Quakes

United Nations Secretary-General António Guterres on Thursday expressed his condolences to the people of Venezuela following the two devastating earthquakes that struck the country and highlighted the ongoing coordination between UN humanitarian teams and interim President Delcy Rodríguez.

Speaking during the UN’s daily press briefing, spokesperson Stéphane Dujarric said Guterres was deeply saddened by the loss of life and widespread destruction caused by the disaster.

“The Secretary-General is deeply distressed by the loss of life and the widespread devastation caused by the earthquakes that struck Venezuela yesterday. He extends his heartfelt condolences to the families of the victims and wishes a speedy recovery to those injured,” Dujarric stated.

Venezuela was struck on Wednesday by two powerful earthquakes measuring 7.2 and 7.5 in magnitude. According to official figures, the disaster has left at least 164 people dead and 971 others injured.

Dujarric noted that preliminary reports indicate significant damage across several states, including the capital, Caracas. Numerous casualties have been reported, while other individuals remain trapped beneath collapsed structures or are still missing.

“Critical infrastructure has been damaged and essential services have been disrupted,” the spokesperson said.

The United Nations confirmed that its humanitarian team remains in close contact with interim President Delcy Rodríguez and other relevant authorities as emergency operations continue.

To support relief efforts, the UN has established a coordination center in Caracas and is assisting local authorities to ensure that humanitarian aid reaches affected communities as quickly and efficiently as possible.

Guterres also welcomed the expressions of solidarity and offers of assistance from countries around the world that responded following news of the disaster, underscoring the importance of international cooperation in addressing the humanitarian emergency.

Continue Reading

International

OAS Secretary General Pledges Regional Assistance Following Venezuela Quake Disaster

The Secretary General of the Organization of American States (OAS), Albert Ramdin, said on Thursday that the “hemispheric community” stands ready to provide “full support” to Venezuela and its people following the powerful earthquakes that struck the country overnight, leaving at least 164 people dead and nearly 1,000 injured.

Speaking at the conclusion of the OAS General Assembly, Ramdin expressed solidarity not only with Venezuela but also with Colombia, Curaçao and Aruba, where the tremors were also felt.

“Above all, our thoughts are with these peoples,” he said during his remarks.

Ramdin noted that while many details about the disaster are still emerging, countries across the hemisphere are prepared to assist Venezuela as it responds to the crisis.

“Much remains unknown at this stage, but the hemispheric community will be ready to support the people of Venezuela during this very difficult time,” he stated, reiterating the organization’s commitment to helping those affected.

According to updated information released by the Venezuelan government, the powerful earthquakes have been followed by at least 30 aftershocks. Authorities have also reported extensive structural damage, including numerous building collapses in La Guaira, the area considered hardest hit by the disaster.

Rescue efforts are currently focused on La Guaira, where emergency teams continue searching for survivors trapped beneath the rubble as officials assess the full extent of the damage.

Continue Reading

International

Bill Gates Says Jeffrey Epstein Made “Veiled” Threats Over Extramarital Affairs

Microsoft co-founder Bill Gates told members of the U.S. Congress that he received “veiled” threats from convicted sex offender Jeffrey Epstein related to his extramarital affairs, according to a transcript of his testimony released Tuesday.

Gates testified behind closed doors on June 10 before the House Oversight Committee regarding his relationship with the American financier, who died in prison in 2019 while awaiting trial on sex trafficking-related charges. Epstein had previously been convicted in 2008 for soliciting prostitution from a minor.

According to the transcript released by the committee, Gates said Epstein appeared to want to use his knowledge of Gates’ personal relationships as leverage to keep him within his circle at a time when Gates was already distancing himself.

“I was not blackmailed, but reading these emails, it seems like Mr. Epstein’s ideas were moving in that direction,” Gates said, referring to documents from the Epstein case released by the Justice Department in January.

Gates added that Epstein never sent him anything he would personally classify as blackmail. However, he said the content of certain draft emails suggested Epstein was “rehearsing” how he, or someone he instructed, might attempt to pressure him.

“He was, in a way, practicing how he himself, or someone he directed, could choose to blackmail me, but none of those messages were ever sent to me,” Gates told lawmakers.

The 70-year-old billionaire had previously stated that he was unaware of Epstein’s criminal behavior and said he had never been involved in harming anyone.

In February, Gates told The Wall Street Journal that his association with Epstein was a serious mistake. He also acknowledged having extramarital relationships, while denying any involvement in Epstein’s criminal activities.

Gates said his relationship with Epstein began in 2011, three years after Epstein’s conviction, and acknowledged that he was aware of Epstein’s legal troubles at the time.

However, Gates said he was told that Epstein had the ability to raise billions of dollars for global health initiatives, an area in which Gates had significant involvement.

“When I met him, I knew he had been convicted,” Gates told lawmakers. “I knew it was of a sexual nature, but I didn’t try to learn more, although I probably should have.”

Continue Reading

Trending

Central News