Chile: Reforming the Tax Code for Growth and Competitiveness | Tax Foundation Webinar

After years of sluggish economic growth and volatile tax policy, Chile is in the middle of a serious debate about its economic future. The government of President José Antonio Kast has put forward a tax reform bill designed to restore competitiveness, boost investment, and increase economic growth. The bill, which includes provisions such as lowering the corporate income tax rate from 27 to 23 percent by 2029 and reintroducing a tax stability regime for large investments, has already passed the House and is awaiting Senate approval. On June 22nd, Tax Foundation’s Vice President of Global Tax Policy, Sean Bray, will sit down with Chilean Finance Minister Jorge Quiroz for a candid conversation about what the reform aims to accomplish, why it matters, and what it means for Chile’s place in the global economy. Reflecting on the history of the Chilean tax system, and current changes in the geoeconomic landscape, Dr. Quiroz will explain why this reform is in Chile’s best interest. 00:00 - Sean Bray: Introduction & Welcome 00:44 - Sean Bray: Overview of the International Tax Competitiveness Index 02:29 - Jorge Quiroz: Chile's Tax History & Background 07:32 - Sean Bray: Q1 — Corporate Rate Reduction & Investment Invariability Fund 07:32 - Jorge Quiroz: Details on the Invariability Regime 09:35 - Sean Bray: Q2 — How Was the 23% Target Chosen? 09:35 - Jorge Quiroz: Rationale for the 23% Corporate Tax Target 11:02 - Sean Bray: Q3 — Broader Reform: Integration & Other Elements 11:36 - Sean Bray: Q4 — Legislative Process & Senate Negotiations 11:58 - Jorge Quiroz: House Passage & Senate Outlook 14:10 - Sean Bray: Q5 — Timeline for Enactment 14:22 - Jorge Quiroz: Target of July Passage 15:45 - Sean Bray: Q6 — Chile's Role in the Global Tax Landscape 16:48 - Jorge Quiroz: Free Trade, FDI Screening & Open Economy Strategy 19:40 - Sean Bray: Q7 (Final) — Pitch to International Investors 19:40 - Jorge Quiroz: Why Chile Is Open for Business 22:09 - Sean Bray: Closing Remarks #TaxReform #ChileTax #TaxPolicy #CorporateTax #TaxCompetitiveness #oecd