Piñera announces tax reform to fund an education overhaul that threatens his government

Friday, April 27th 2012 - 11:24 UTC

Full article 4 comments

Chile's government on Thursday proposed a sweeping tax reform that raises levies on companies to help fund an education overhaul, as it seeks to quell social protests ahead of local elections seen as a litmus test for the 2013 presidential race. Read full article

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The Chilean perspective
The evolution of the Chilean economy is a slow and long term project. The government is doing all it can to generate a more equitable society, whilst at the same time keeping the fiscal discipline necessary to maintain long term growth, as well as direct local and foreign investment. The challenges facing this man are huge, he could easily just give in to populism and ruin the future of the country. Fortunately he is a true believer and he is focused on the mission. He is not alone, the probable opposition candidate Mr. Andres Velasco from the socialist party is probably more austere and a bigger fiscal conservative than Piñera. He was the Minister of Finance during the last administration and did a good job ( he doesn't have a socialist bone in his body). This is a win win situation and ensures the future stability of the system. For those that want all the problems fixed yesterday I say be patient. We'll get there sooner rather than later.
Apr 28th, 2012 - 03:07 pm - Link - Report abuse 0
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Max
The private education means that is a social caste system.
Apr 28th, 2012 - 05:42 pm - Link - Report abuse 0
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Guzz
@1 I see you are preparing your excuses already. Bachelet is about to wipe the floor with all other candidates and although I admit she isn't a radical socialist, she is still a socialist. You try to convince people that is you allow private companies to prosper, you automatically are a [neo]liberalist. Well, I got news for you, the only ideology that doesn't give place for privatization is communist, not socialism. And Bachelet IS a socialist, even more “to the left” than the swedish and the other european socialdemocrats.
Apr 29th, 2012 - 06:51 am - Link - Report abuse 0
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Windrider
Ahh, yes. Good ole trusty tax 'reform', (translation: tax INCREASE). Of course people won't mind if we target the corporations (admittedly the right target), but they will simply pass it on to consumers with yet higher prices and aggressively increase their tax strategies to minimize the damage. NEVER intended for either stability or the ostensible benefits promised. Typical, predictable and likely disastrous. Don't you love it? Come on, Pinera, get real.
Apr 29th, 2012 - 01:39 pm - Link - Report abuse 0
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