Chile’s Chamber on Wednesday rejected the sweeping tax reform proposed by the country’s president, Gabriel Boric, a measure aired during his election campaign that stipulated increasing tax collection in the South American nation.
Boric’s reform bill fell short of support, garnering only 73 votes in favor, 71 against, and three abstentions.
To be approved, at least 78 affirmative votes were required.
This project contemplated, among other things, modifying the income tax, reducing tax exemptions, changing the royalties received . . .