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Chile’s President Orders Tax Reform Amid Protests

RIO DE JANEIRO, BRAZIL - Since early March, social protests in Chile have regained momentum. Thousands of people are on the streets in Santiago and other towns.

Meanwhile, President Sebastián Piñera has announced a successful agreement with sections of the opposition on a tax reform, which would nevertheless clearly conflict with the demands of the social organizations.

The tax reform, which Piñera decreed in late February, was part of the trade-offs that the government had been negotiating with the opposition in Congress since late last year.

By increasing the maximum tax rate to 40 percent, the reform . . .

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