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
Interpol Operation Leads to 8,700 Arrests and Massive Drug Seizures Across Latin America
Interpol and the Organization of American States (OAS) announced the arrest of more than 8,700 people and the seizure of over 3,300 firearms and 56 tons of illegal drugs across 20 countries in Central America, South America, and the Caribbean following a six-week multinational security operation.
According to a statement released by the OAS, the operation — known as Operation Orca XI — was carried out between October 15 and November 30, 2025, under the coordination of Interpol, with support from the OAS and funding from the European Union.
The operation resulted in 8,701 arrests linked to illegal firearm possession, drug trafficking, and other criminal activities. Authorities also confiscated nearly 200,000 rounds of ammunition, $256,025 in cash, and 210 vehicles connected to criminal operations.
Participating countries additionally reported the seizure of 6.9 tons of cocaine, 659,403 coca plants, 9.3 tons of coca paste, 38.5 tons of marijuana, two tons of methamphetamine, and 11 kilograms of ketamine.
In its statement, the OAS emphasized that illegal arms trafficking in the region is closely tied to other forms of organized crime, including drug trafficking, human trafficking, migrant smuggling, and cybercrime.
“Criminal organizations behind these crimes often use the same routes for multiple illicit goods,” the organization stated, adding that Operation Orca XI exposed the strong links between these criminal networks.
International
Mexico Denies Interpol Red Notice Against Sinaloa Governor Rubén Rocha Moya
Mexico’s Secretaría de Seguridad y Protección Ciudadana (SSPC) stated on Wednesday that Sinaloa Governor on leave Rubén Rocha Moya is not subject to a Red Notice issued by Interpol, following reports that claimed an international warrant had been issued against him.
In an official statement, the federal agency said consultations were conducted with both national and international authorities, confirming that no international search or arrest mechanism exists against the Sinaloa politician.
“The Secretariat of Security and Citizen Protection informs that the governor on leave of Sinaloa, Rubén Rocha Moya, does not have a Red Notice issued by Interpol,” the SSPC said.
The clarification comes after speculation circulated regarding an alleged international order targeting Rocha Moya, prompting federal authorities to publicly deny the claims.
International
Rubio and Lavrov Hold Talks After Large-Scale Russian Assault on Ukraine
The United States remains willing to mediate in the war between Russia and Ukraine, Secretary of State Marco Rubiosaid Tuesday following a large-scale Russian attack against Kyiv.
“Every time you see these large attacks by either side, it is a reminder of why this is a terrible war (…) that must come to an end,” Rubio told reporters after holding a phone conversation with Russian Foreign Minister Sergey Lavrov.
Speaking during an official visit to India, Rubio stated that the United States is “ready and prepared to do whatever it can” to help facilitate an end to the conflict.
“We hope the opportunity presents itself at some point,” he added.
Russia warned on Monday that it could launch additional strikes against Kyiv, including attacks targeting what it described as “decision-making centers,” after carrying out weekend bombardments involving dozens of drones and missiles across Ukraine. The attacks reportedly killed four people.
According to the Ministry of Foreign Affairs of Russia, Lavrov urged the United States during the call to evacuate diplomats from its embassy in Kyiv.
Rubio later clarified that Moscow had issued a warning to all embassies in the Ukrainian capital, not only to the U.S. diplomatic mission.
Interpol Operation Leads to 8,700 Arrests and Massive Drug Seizures Across Latin America
Mexico Denies Interpol Red Notice Against Sinaloa Governor Rubén Rocha Moya
Guatemala Dismantles Largest Cocaine Lab Found in 15 Years Near Mexico Border
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
Defense Minister commends salvadoran soldier for Central American Cross Country victory
Extension of the state of emergency approved in southern Chile
-
International4 days agoIran says agreement with U.S. to end Middle East conflict is in final stages
-
International5 days agoWHO Warns Ebola Outbreak Is Spreading Rapidly in DR Congo
-
International5 days agoGuatemalan Man Sentenced to 50 Years in U.S. Prison for Child Exploitation Crimes
-
International1 day agoDiplomatic Talks Continue as Iran Accuses U.S. of Ceasefire Violations
-
International1 day agoOmar García Harfuch Announces Arrest of “El Chapo’s” Nephew
-
Central America2 days agoOpposition leader highlights migration crisis in Panama speech
-
International5 hours agoMexico Denies Interpol Red Notice Against Sinaloa Governor Rubén Rocha Moya
-
International1 day agoRubio and Lavrov Hold Talks After Large-Scale Russian Assault on Ukraine
-
Central America5 hours agoGuatemala Dismantles Largest Cocaine Lab Found in 15 Years Near Mexico Border
-
International2 days agoEcuador’s Noboa vows to continue “war” on criminal groups
-
International5 hours agoInterpol Operation Leads to 8,700 Arrests and Massive Drug Seizures Across Latin America