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Chile Senate to Approve Tax Package This Month, Minister Says

Jan. 2, 2020, 10:13 PM

Chilean senators will approve legislation to raise more taxes from the rich later this month, Finance Minister Ignacio Briones said Jan. 2 after meeting with Senate Finance Committee members in Santiago.

Under modifications agreed to by the government and opposition senators in December, the bill will introduce a new 40% band for personal income tax, impose a new tax on valuable properties, and reduce the tax burden on small and medium-sized enterprises and the elderly.

“It was agreed that it must be approved by not just the committee but by the Senate as a whole by the middle of ...

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