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Pinera to Reveal Chile Tax Changes in 2012, Financiero Reports

Dec. 5 (Bloomberg) -- Sebastian Pinera will announce proposed changes to Chile’s tax code in the first half of 2012 that will help fund social and education programs, Santiago-based newspaper Diario Financiero reported, quoting the president.

The government will work with the opposition on changes to the tax system that will sustain growth during a global economic slowdown and distribute wealth more evenly, the financial daily reported. Authorities will study whether to keep corporate taxes at 20 percent rather than letting them fall to 17 percent as currently planned, the paper reported.

Editor: Harry Maurer

To contact the reporter on this story: Randall Woods in Santiago at rwoods13@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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