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July 1, 2022
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President Boric highlighted the scope of the tax reform: “It is for greater equity and social cohesion”

The President of the Republic, Gabriel Boric, highlighted the scope of the tax reform presented by the Minister of Finance, Mario Marcel, at the Palacio de La Moneda. In this sense, he pointed out the incentive for productivity, care, territorial equity and support for SMEs.

“Not everyone experiences the effects of things in the same way. The social rights that we seek to finance responsibly, with permanent expenses, are to give families in Chile a security cushion,” he said.

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“This reform is for greater equity and social cohesion, and it is not against anyone. It is for a better distribution of the wealth that we all generate and it will allow us to finance social rights,” he added.

Along the same lines, the President pointed out that the funds raised with the measure will allow carrying out the structural reforms promised in the campaign.

“For example, one of our proposals from the government program is to significantly increase the Municipal Common Fund to have a better distribution of income by district,” he explained.

According to the data provided by the Executive, more than 97% of taxpayers will maintain the same tax burden, including 75% of people who are in the income tax exempt bracket.

“It has important innovations that take charge of the debates that we have had in recent times”, highlighted the President.

Closing the instance, President Boric asked Congress for support, “so that we can carry out this reform within the established deadlines. Slowly, but steadily.”

“We have decided to divide the reform into different projects and generate spaces for dialogue with the different groups,” he concluded.

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