Chile · Economic Reform Key Facts —A first-round win. Chile's lower house approved President Kast's economic reactivation bill in general, with 90 vote
Chile · Economic Reform
Key Facts
—A first-round win. Chile’s lower house approved President Kast’s economic reactivation bill in general, with 90 votes in favor from the governing coalition and the PDG party.
—The hard part is next. The bill now faces an article-by-article vote on more than 40 articles and 119 proposed amendments.
—A corporate tax cut. The package would cut the corporate tax rate from 27% to 23%, a core pro-investment measure.
The commercial act revision has been fiercely opposed by South Korean businesses.
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