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Chile Talks Tax Reform With Business Groups

by Mike Godfrey, Tax-News.com, Washington

30 July 2015


Chile's Undersecretary of Finance, Alejandro Micco, on July 29, 2015, launched a round of talks with business associations, auditors, and tax experts on the implementation of tax reform measures.

During the first round of talks, Micco met with officials from business associations the Confederation of Production and Trade (CPC), ASECH, and Conapyme.

The purpose of the meetings was for the Finance Ministry to receive feedback and proposals related to the tax reform. Chile aims to lift tax revenue by USD8.2bn (three percent of gross domestic product) annually through measures such as a hike in the corporate tax rate. The additional revenue will be used to provide free education for all, and to fund other social projects.

Alberto Salas, President of the CPC, said that attendees sought ways to make the tax reform process as simple as possible to minimize the impact on the manufacturing sector. He said that his association is looking to provide concrete proposals in this respect.

TAGS: Finance | tax | economics | business | Chile | fiscal policy | corporation tax | audit | education | manufacturing | tax reform

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