Chile joins global debate on imposing a tax on the super-rich

The opposition proposal seeks to levy a one-time tax of 2.5% of wealth on the holders of assets equivalent to a value of US$22 million, to finance an emergency basic income and mitigate the high costs left by the health crisis.

RIO DE JANEIRO, BRAZIL - Chile, the country with the third-largest number of billionaires in Latin America, joins the global debate on the tax on the super-rich, with an initiative being discussed in Parliament to tax, promptly, large fortunes and to address the economic crisis of the pandemic.

As in the rest of the world, the health crisis intensified the socioeconomic differences in Chile: while in 2020, around 2.3 million people went from middle class to vulnerable according to the World Bank, the eight largest fortunes in the country grew by 73%, according to figures from Forbes magazine . . .

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