Taxes

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Chilean President Kast shakes hands with PDG leader during megarreforma tax dispute resolution, documents and protest shadows in background.
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Government clarifies SME tax dispute in megarreforma deal with PDG

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One week after initial PDG meetings on President José Antonio Kast's megarreforma, his government clarified that the new deal with the Partido de la Gente (PDG) to approve the Reconstrucción Nacional megaproyecto excludes the promised 12.5% SME tax rate—for a future bill—sparking brief backlash before resolution. Tensions persist with the Partido Nacional Libertario.

Finance market minister Niklas Wykman warns against the opposition's proposal for a new bank tax. According to him the tax could lead to higher mortgage costs for Swedish households.

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The Ilhabela city government is attempting to collect unpaid environmental preservation fees from nearly 6,300 vehicles that left the archipelago since March.

Germany's SPD is pushing for a national excess profits tax on mineral oil companies to fund a fuel discount, even without EU agreement. The move has reignited tensions with coalition partner CDU. Finance Minister Lars Klingbeil plans to address energy taxes on Friday.

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Treasury Secretary Scott Bessent defended the Trump administration's decision to end the IRS's Direct File program during a Senate hearing on April 22. He argued that the service, touted as free for users, actually cost taxpayers $72 million annually to serve about 300,000 people. Senator Chris Coons questioned the move, while Bessent highlighted private alternatives.

Economic journalist Ariel Maciel warned of high tax pressure and the SME crisis in Argentina, stating that without structural changes there will be no incentives to hire formally. He criticized the lack of dialogue with the private sector and the unsustainable cost of labor hiring.

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More than 60 opposition mayors, including from Maipú, Estación Central, and Recoleta, issued a joint statement criticizing President José Antonio Kast's National Reconstruction Plan following its national broadcast unveiling. Building on earlier senator critiques, they called it an indirect tax reform benefiting large companies and the wealthy amid rising living costs, urging a vote against it.

 

 

 

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