Bloomberg Tax
May 26, 2023, 3:50 PM

Chile to Call Political Parties for Tax Bill Talks, Marcel Says

Eduardo Thomson
Eduardo Thomson
Bloomberg News

Chile’s government plans to call together political party leaders soon to reach an agreement on a new tax reform bill, Finance Minister Mario Marcel said on Friday.

“We already completed a consultation process — a first round of meetings — and the next step is to summon political parties to have a profound discussion and reach agreements,” Marcel said.

Mario Marcel, Chile’s finance minister
Photographer: Al Drago/Bloomberg

The government’s first reform bill, which sought to raise revenues by about 3.6% of GDP through closing loopholes and creating a wealth tax, was rejected in Congress in March. After that defeat, the President Gabriel Boric’s administration signaled it ...

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