chile tax overhaul
Chile's Congress approves core of Kast economic overhaul
Congress passed the centerpiece of Kast's program July 22: a phased corporate rate cut from 27% to 23%, capital-repatriation incentives and a compensation mechanism for court-overturned permits, against a weak backdrop (Q1 GDP -0.5%, unemployment 9.4%). A deputy finance minister who failed a drug test was replaced within a day. Governability functioning: political stability held at 3 with confidence up.