Piñera enacted tax reform to raise $ 2.2 billion per year

Chile President Sebastián Piñera enacted today the law that establishes a new tax system agreed with the opposition with which the government expects to raise $ 2.2 billion per year. During a ceremony in La Moneda, he requested higher income sectors an “additional effort”, highlighting the 40% increase in personal tax and the surcharge to properties over CL$400 million. Piñera praised the new system as “much more pro-entrepreneurship, investment and growth than we had.”

Source: Diario Financiero