Chile's Chamber of Deputies Approves Bill Introducing One-Off Wealth Tax Despite Government Opposition
Chile's Chamber of Deputies (lower house of Congress) has reportedly approved the draft bill providing for a one-off net wealth tax that would apply for individuals at a rate of 2.5% on worldwide net wealth (assets) exceeding USD 20 million, with the bill now before the Constitutional Committee of the Chamber of Deputies for discussion. The Chilean government, however, is opposed to the bill as…
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