Back

Brazil & Southern Cone - December 2011 (ISSN 1741-4431)

Tax reform a priority

Having managed to ride out six months of protests against its proposed education reforms, the conservative government led by President Sebastián Piñera has identified tax reform as its next priority. The assumption is that any proposed reform would either make permanent a temporary increase in the corporate tax rate to 20% (a measure adopted in order to raise reconstruction funds after the 2010 earthquake) or introduce other new taxes. The problem for the government is that while there is agreement within the opposition Concertación on the need for tax reform, the move has been met with resistance by prominent members of the more right-wing member of the ruling coalition, Unión Demócrata Independiente (UDI).

End of preview - This article contains approximately 610 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options