Chile Congress Passes Tax Bill to Fund Post-Riots Social Program
- New system increases taxes on higher incomes and real estate
- New taxes should collect about $2.2 billion per year
Photographer: Marcelo Hernandez/Getty Images
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Chile’s congress approved a new tax bill presented by the administration of President Sebastian Pinera to fund its social agenda and ease months of social unrest.
The bill was unanimously approved in the Senate Wednesday evening, and in the lower house earlier. It’s passage through congress had been delayed last week in a dispute over the details of a new tax on polluting companies.