Chile Unveils Anti-Tax Evasion Plan to Finance Government’s Social Programs
- Proposal entails better technology, tougher tax penalties
- Legislation seeks to raise tax income by 1.5% of GDP
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Chile Finance Minister Mario Marcel on Tuesday presented a proposal to clamp down on tax evasion and bolster government finances as part of plans to bankroll the administration’s marquee social programs.
The bill calls for adopting new technology at the internal revenue service, fomenting the use of anonymous whistleblowers, toughening penalties for filing false tax documents and facilitating the lifting of bank secrecy during investigations. The proposals seek to raise government income by 1.5% of gross domestic product and reduce overall evasion by 25%, Marcel told reporters.