Chile to Call Political Parties for Tax Bill Talks, Marcel Says

Chile’s government plans to call together political party leaders soon to reach an agreement on a new tax reform bill, Finance Minister Mario Marcel said on Friday.

“We already completed a consultation process — a first round of meetings — and the next step is to summon political parties to have a profound discussion and reach agreements,” Marcel said.

Mario Marcel, Chile’s finance minister

Photographer: Al Drago/Bloomberg

The government’s first reform bill, which sought to raise revenues by about 3.6% of GDP through closing loopholes and creating a wealth tax, was rejected in Congress in March. After that defeat, the President Gabriel Boric’s administration signaled it ...