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

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

Central America

El Salvador and Chile Mark 150 Years of Relations With Expanded Bilateral Cooperation

El Salvador and Chile are strengthening their diplomatic and cooperation ties through the official visit of Salvadoran Deputy Foreign Minister Adriana Mira to the South American country.

The purpose of the visit is to expand economic exchanges, promote new cooperation opportunities, and strengthen the bonds of friendship between both nations, according to El Salvador’s Foreign Ministry.

During her visit, Mira held a meeting with her Chilean counterpart, Patricio Torres, where they discussed issues of common interest and actions aimed at further advancing bilateral relations.

The agenda included initiatives to promote trade, encourage investment in strategic sectors, and strengthen joint efforts in different areas of cooperation.

As part of this process, both countries are preparing the 5th Meeting of the Joint Commission for Technical and Scientific Cooperation, where they are expected to establish a new framework for bilateral collaboration aimed at creating mutual benefits.

The meeting also carried a historic significance, as El Salvador and Chile are commemorating 150 years of diplomatic relations in 2026.

Representatives from both governments highlighted the importance of continuing to deepen their ties of friendship and cooperation to support shared development goals.

El Salvador’s Foreign Ministry emphasized that the relationship between both countries seeks to advance greater economic, commercial, and technical integration while taking advantage of new opportunities for collaboration.

Continue Reading

International

WHO Expects Deadly Hantavirus Outbreak on Cruise Ship to End by July 2

The deadly hantavirus outbreak linked to a cruise ship that triggered an international health alert is expected to be officially declared over on July 2, the World Health Organization (WHO) announced on Wednesday.

However, while the outbreak is nearing its end for people who remain under quarantine, scientists and health experts say their work is only beginning. Researchers will study virus samples to determine whether new diagnostic tests, treatments, and vaccines can be developed to help prevent future outbreaks.

The outbreak involved 12 confirmed cases and one probable case associated with the Dutch-flagged cruise ship MV Hondius, including three deaths.

The vessel departed on April 1 from Ushuaia, Argentina, traveling toward remote islands in the South Atlantic, including Tristan da Cunha, before heading north to Tenerife in Spain’s Canary Islands, where the remaining passengers were evacuated.

WHO Director-General Tedros Adhanom Ghebreyesus said that health authorities identified and monitored more than 650 contacts across 33 countries and territories following the outbreak.

“All but 54 contacts have completed their quarantine period, and the remaining contacts are expected to complete their quarantine by July 2,” Tedros said during a press briefing at WHO headquarters in Geneva.

“If no additional cases are reported by then, WHO will consider the outbreak to be over,” he added.

Although the immediate public health threat appears to be declining, experts emphasized that continued scientific analysis of the virus will be essential to strengthen preparedness and response measures for possible future outbreaks.

Continue Reading

Trending

Central News