Bottom Line Up Front

Today’s verdict: Chile’s Kast tax “megareforma” has cleared its core but is not law yet — the final Senate vote has slipped to early August over a single article — while Cali counts down to a locked-down August 7 handover and Argentina’s Monotributo deadline hits Tuesday.

Chile’s reform. The 40-article overhaul passed its core, but the final Senate vote is postponed to early August over municipal compensation for the over-65 first-home exemption; for foreigners the remote-worker rules are unchanged.

Cali countdown. More than 11,000 forces, a drone ban and a 3 p.m. August 7 ceremony at the Arena USC — plan travel in the Valle.

Argentina deadline. The Monotributo recategorisation closes Tuesday, August 5.