Chile Tax Reform Bill To Focus on Control, Improving Collections

Chile’s draft tax reform bill will focus on strengthening the tax authority and boosting control powers, the Finance Minister said Thursday.

“Compared to the previous tax reform bill, we’re putting a much greater emphasis on tax control and strengthening institutions responsible for collection,” Finance Minister Mario Marcel said in a news release.

The government’s previous tax reform bill had envisioned a dramatic overhaul of taxation and spending to finance social programs but was rejected by Congress earlier this year.

• At a cross-party meeting, Marcel presented a draft proposal for 27 measures to ensure tax compliance and modernize ...