translated from Spanish: Treasury reported agreement that undoing tax reform and eliminating tax cuts to higher-income people

The Minister of Finance, Ignacio Briones, reported that on Thursday an agreement was reached with the opposition that uncovered the tax reform, leaving behind the reintegration of the system and thus preventing the reduction of taxes to the richest. Briones emphasized that this project “attracts new resources to the Fisco, and brings them progressively, that is, it asks for an additional effort to those we have the most, and an even greater effort to those who have even more.” This consists of those levies that were already contained in the bill that the Government entered and passed in the Chamber of Deputies, countervailing and countervailing measures,” he said. Briones stated that this is a tax plan that “has a very significant sensitivity to the older adult, particularly with regard to the payment of contributions, since for many, their income does not allow them to absorb well.” Meanwhile, the members of the Senate Finance Committee, Ricardo Lagos Weber (PPD), Jorge Pizarro (DC) and Carlos Montes (PS) appreciated the agreement with the Executive.” The system now allows for more than four-fold gross, more than the previous draft, to prevent the tax cut on the wealthiest; introduces a new tax for higher real estate. As a result, I think it’s a positive framework of understanding,” Lagos Weber explained.

Original source in Spanish