Chilean lawmakers passed a bill on Wednesday that raises taxes on the rich while...
SANTIAGO - Chilean lawmakers passed a bill on Wednesday that raises taxes on the rich while reducing the burden on the elderly and small businesses, a nod to months of protests over inequality in the South American nation.
The legislation is expected to boost Chile´s total tax haul, helping underwrite other costly measures demanded by protesters, including a guaranteed minimum wage, a pension plan overhaul and changes to the country´s public-private health system. Chileans who earn over $18,900 a month, or who own second homes and real estate, will see their taxes rise, while the elderly will pay less, according to a summary of the overhaul published by Congress.
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