Reactivation

Chile reactivation bill adds FUT withdrawals to corporate tax cut plan

Building on this week's announcement of a phased corporate tax cut from 27% to 23%, Chile's Finance Ministry detailed a reactivation bill under President José Antonio Kast that reintegrates the progressive tax system and allows withdrawals from accumulated Tax Utility Fund (FUT) balances to spur investment. The package targets 200,000 new jobs and 4% growth.

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