posted on March 10, 2023.
TAX REFORM
The Chilean Chamber of Deputies has rejected the tax reform bill. This means that the Chilean Government will not be able to submit a new Tax Reform for the period of 1 year.
However, the President may request the Senate to approve the Tax Reform with the votes of 2/3 of the Senators. This alternative would require a broad agreement with the opposition, which controls half of the Chilean Senate. Such an agreement would most likely mean a better tax reform, eliminating the most controversial changes.
With this rejection, among other consequences, the Wealth Tax wont be created.
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