Bachelet proposes tax reforms in Chile

[Judi Lynn]

Bachelet proposes tax reforms in Chile
AFP
April 1, 2014, 6:07 am

Santiago (AFP) - President Michelle Bachelet sent Chile's Congress a bill Monday that would raise corporate taxes to fund a sweeping overhaul of the country's education system.

The proposed reform aims to raise $8.2 billion to fund tuition-free public universities, a demand that fueled massive student protests under Bachelet's conservative predecessor Sebastian Pinera.

Bachelet, a socialist who took office on March 11 for her second, non-consecutive term, said it was "the beginning of one of our government's most important reforms, along with education reform and a new constitution."

If passed, as seems likely, the bill would raise the corporate tax rate from 20 to 25 percent by 2017 and eliminate a deferment on taxes on reinvested earnings.

More:
http://au.news.yahoo.com/thewest/business/world/a/22291613/

[Louisiana1976]

1. That would be a good idea--

here in the United States.