Pinochet-Era Investment Lure at Risk in Chile Election: Taxes
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A system set up by former Chilean dictator Augusto Pinochet in 1984 to boost investment is being used to help the rich avoid taxes, according to the favorite in November’s presidential election.
In a country of 17 million people, only 0.3 percent of tax payers pay the top income rate, depriving Chile of the money it needs to improve education and tackle the worst income inequality in the 34-nation Organization for Economic Cooperation and Development, says opposition candidate Michelle Bachelet.