economic overhaul

Chile’s Congress approved most changes to President José Antonio Kast’s tax and economic overhaul package, aiming to stimulate growth amid a shrinking economy and rising unemployment. The legislation includes corporate tax cuts, exemptions for new homes, and measures to support private sector investment, with a final legislative hurdle remaining.

Chile's Congress approved most of President José Antonio Kast's economic overhaul, including corporate tax cuts and measures to stimulate growth, with one remaining legislative adjustment pending. The bill aims to boost private sector activity and reduce the fiscal deficit but faces opposition claims of favoring wealthy citizens.