Chile’s President Michelle Bachelet has sent a major tax reform bill to congress that sets out to raise corporate taxes to finance better education. The goal of the reform is to raise additional tax revenue equivalent to 3 percentage points of GDP during Bachelet’s term in office, with 2.5pp coming from tax rate changes and 0.5pp from measures to reduce tax evasion.
Harris Gomez Group has outlined some of the key areas of the tax tax reform bill. It is currently be debated so there will be changes as it passes through the legislative process. We will keep our clients updated over the next few months as more information is made available.
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