Chile’s Boric Unveils New Tax Reform Plans After Pushback (1)

Chile President Gabriel Boric outlined a new push to raise taxes, ditching a prior plan to reform the system, as his administration seeks funding for its social agenda.

The proposals, described as a “fiscal pact,” include income tax changes, greater fiscal oversight and transparency, as well as measures to support productivity and economic growth, Boric said in a televised speech. The president said he wants legislative talks to start as soon as possible.

“Everyone knows that, on this path, we need more growth and permanent resources, and that we require a fiscal pact where those who have more contribute more,” ...