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
Japan lifts tsunami alert after strong 7.6-magnitude earthquake hits northern coast
A powerful 7.6-magnitude earthquake struck Japan’s northern coast on Monday, triggering several tsunami waves of up to 70 centimeters, authorities said. The tsunami alert was lifted in the early hours of Tuesday.
According to the U.S. Geological Survey (USGS), the quake occurred at 11:15 p.m. local time (14:15 GMT) off the coast of Misawa, at a depth of 53 kilometers. Japan’s Meteorological Agency (JMA) immediately issued a tsunami warning. The first wave reached a port in Aomori Prefecture at 11:43 p.m. (14:43 GMT), followed by others measuring up to 70 centimeters.
Public broadcaster NHK reported that an employee at a hotel in the city of Hachinohe confirmed that several people were injured. Live footage showed shattered glass scattered across roads, while many residents evacuated to the city hall seeking shelter.
The strong tremor was also felt in Sapporo, where emergency alerts were sent to residents’ mobile phones. A reporter in Hokkaido described a horizontal shaking that lasted around 30 seconds, making it difficult to stay standing.
Before the alert was lifted, the JMA had warned of the possibility of tsunami waves up to three meters high along Japan’s Pacific coast. Government spokesperson Minoru Kihara urged residents to remain in safe areas until the warning was officially lifted.
International
Interior Dept. redefines 2026 Patriotic Days, sparking criticism over removed civil rights holidays
A statement from the Department of the Interior announced that there will be eight designated “patriotic” days in 2026, most of them different from those recognized in the previous two years.
In addition to June 14, 2026—which marks both Flag Day and Donald Trump’s 80th birthday—the calendar includes Presidents’ Day on February 16, Memorial Day on May 5 in honor of U.S. soldiers killed in combat, Independence Day weekend from July 3–5, Constitution Day on September 17, and Veterans Day on November 11, which honors former service members.
Martin Luther King Jr. Day (January 19, 2026) and Juneteenth (June 19)—a holiday commemorating the end of slavery—are typically included among free-entry days but have now been removed.
Critics argue that the changes are designed to promote the president while downplaying the nation’s history of slavery and the civil rights struggle.
“The president didn’t just add his own birthday to the list; he removed the two holidays that commemorate the African American fight for civil rights and freedom. Our country deserves better,” lamented Democratic Senator Catherine Cortez Masto on X.
Starting in 2026, free admission on these eight selected days will apply only to U.S. citizens and permanent residents. “Non-residents will pay the regular entrance fee and the applicable non-resident rates,” the National Park Service (NPS) stated.
The cost of an annual entry pass will rise to $80 for residents and $250 for non-residents. Those without an annual pass will be required to pay $100 per person to enter 11 of the most visited national parks, in addition to the standard entrance fee.
Earlier this year, Trump marked his 79th birthday—which coincided with the 250th anniversary of the U.S. Army—by organizing an unusual military parade in downtown Washington.
The United States has 63 national parks, federally protected areas designated by Congress. Last year, they received more than 330 million visitors.
International
Five laboratories investigated in Spain over possible African Swine Fever leak
Catalan authorities announced this Saturday that a total of five laboratories are under investigation over a possible leak of the African swine fever virus, which is currently affecting Spain and has put Europe’s largest pork producer on alert.
“We have commissioned an audit of all facilities, of all centers within the 20-kilometer risk zone that are working with the African swine fever virus,” said Salvador Illa, president of the Catalonia regional government, during a press conference. Catalonia is the only Spanish region affected so far. “There are only a few centers, no more than five,” Illa added, one day after the first laboratory was announced as a potential source of the outbreak.
Illa also reported that the 80,000 pigs located on the 55 farms within the risk zone are healthy and “can be made available for human consumption following the established protocols.” Therefore, he said, “they may be safely marketed on the Spanish market.”
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