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Chile to insist on wealth redistribution, says President Boric

Chile to insist on wealth redistribution, says President Boric

Santiago de Chile, Mar 10 (Prensa Latina) Chilean President Gabriel Boric on Friday expressed his government's decision to hit a much better wealth redistribution, despite the Chamber of Deputies´ rejection to a tax reform proposal.

In his speech from La Moneda Palace, the Chilean leader admitted difficulties the legislative decision implies to advance towards a fairer country and less unequal.

The initiative foresaw increased income taxes, making those who earn more pay more and applying new rules against tax evasion and avoidance.

“I will continue insisting that Chile really needs to distribute wealth much better”, said the President, while recalling the significance of supporting small and medium-sized companies, pensioners and women.


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