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.

20260224_estafa_mh_728x90

“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).

20260224_estafa_mh_728x90

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.

20260224_estafa_mh_728x90

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

Federal Judge Blocks Trump Policy Allowing Deportations to Third Countries

A federal judge ruled on Wednesday that the policy of U.S. President Donald Trump’s administration allowing immigration authorities to deport foreign nationals to third countries without prior notice or the opportunity to object is unlawful. The decision marks another legal setback for the administration on immigration matters.

Judge Brian Murphy of the U.S. District Court for the District of Massachusetts struck down the regulation issued last year, which stated that Immigration and Customs Enforcement (ICE) was not required to notify migrants if they were to be sent to countries other than the one listed in their removal order, provided that receiving nations offered assurances they would not face persecution or torture.

Murphy ordered the measure vacated but granted a 15-day delay before the ruling takes effect, giving the Trump administration time to file an appeal.

In his decision, the judge concluded that the policy violates federal immigration law and migrants’ due process rights. He also questioned the lack of transparency surrounding the alleged assurances provided by receiving countries, stating that “no one really knows anything about these supposed ‘assurances.’” He added, “It is not right, and it is not lawful.”

The ruling follows several legal disputes involving deportations to third countries. Last year, the executive branch deported more than 200 Salvadorans to a maximum-security prison in El Salvador, invoking an old wartime law. The White House also held talks with Costa Rica, Panama, and Rwanda about receiving migrants who are not citizens of those countries.

20260224_estafa_mh_728x90

In May, the same judge determined that the government violated a court order when it attempted to remove a group of immigrants with criminal records to South Sudan without prior notice or an opportunity to raise claims of fear of persecution.

Although President Donald Trump took the case to the U.S. Supreme Court, which temporarily allowed the deportations to resume while a final decision was pending, the White House is expected to again appeal to higher courts to overturn this latest judicial ruling.

International

Cocaine Production Surges 34% in 2023 as Market Expands into Africa and Asia

The global cocaine market is the fastest-growing among all illicit drugs worldwide, the International Narcotics Control Board (INCB) warned on Thursday in its annual report presented in Vienna.

The body attributes this expansion to the sustained rise in production in South America — particularly in Colombia — as well as increasing demand in emerging regions such as Africa and Asia.

According to the report, global cocaine production surpassed 3,700 metric tons in 2023, marking a 34% increase compared to 2022. This growth is largely driven by the expansion of illicit coca cultivation in Colombia and the greater production capacity of clandestine laboratories.

The INCB noted that the market has not only grown in volume but has also diversified and become more globalized. While Europe and North America remain the primary destinations, trafficking routes now reach “all regions of the world,” including Africa — traditionally considered a transit zone — and Asia, where the presence of cocaine was previously marginal.

In Western and Central Europe, for the fifth consecutive year, seizures in 2023 exceeded those in North America, consolidating the region as the leading destination market. Between January 2019 and June 2024, more than 1,826 metric tons of drugs bound for European ports were seized, of which 82% was cocaine, equivalent to 1,487 metric tons.

20260224_estafa_mh_728x90

The report also highlights that seizures in Africa rose by 48% in 2023 compared to 2022, reflecting the expansion of the market on the continent. Globally, the number of cocaine users increased from 17 million in 2013 to 25 million in 2023.

International

Clinton Accuses Republican Committee of Using Epstein Case to Shield Trump

Former U.S. Secretary of State and former First Lady Hillary Clinton denied on Thursday before a congressional committee that she had ever met convicted sex offender Jeffrey Epstein in person or had any knowledge of the crimes he committed.

Clinton testified behind closed doors from New York before the House Oversight Committee. The wife of former President Bill Clinton — who is scheduled to testify on Friday — accused the Republican-controlled committee of summoning her in order to “distract attention” and “cover up” the activities of President Donald Trump, who had past ties to Epstein.

“I do not recall ever meeting Mr. Epstein. I never flew on his plane nor visited his island, his homes, or his offices. I have nothing further to add,” she stated.

The former Secretary of State emphasized that she “had no idea about the criminal activities” of the financier, who died in prison in 2019. “Like any decent person, I was horrified when I learned of his crimes,” she said.

Clinton described the Epstein case as “a tragedy” and “a scandal” that deserves “a thorough investigation,” but criticized the committee for failing to summon what she called the truly relevant individuals.

20260224_estafa_mh_728x90

“Instead, you have asked me to testify, knowing that I have no knowledge that would serve your investigation, with the purpose of distracting from President Trump’s activities and shielding him despite the legitimate demand for answers,” she said.

The questioning, conducted behind closed doors in Chappaqua, New York — where the Clintons reside — took place one day before former President Bill Clinton was scheduled to appear at the same location.

Although the Clintons initially declined to testify before Congress, the threat of being held in contempt ultimately led the former presidential couple to agree to appear and explain their relationship with Epstein.