Finance Minister Quiroz defended a proposed corporate tax reduction in Santiago, arguing the initiative focuses on driving business investment rather than benefiting the wealthy.
The proposal targets 150,000 firms that currently sustain 50% of the national workforce. The Minister stated the measure aims to inject direct liquidity into the economy to facilitate reactivation.
Immediate relief for small businesses
The reform's timeline includes specific provisions for small and medium-sized enterprises (SMEs). According to the Minister, these businesses will receive the tax benefits "immediately" once the schedule takes effect.
Speaking from Teatinos 120, the Minister presented the tax cut as a necessary tool for economic recovery. The plan relies on the ability of companies to use the extra capital for reinvestment.
Critics in the opposition have challenged the necessity of the tax relief. Quiroz responded to these challenges by emphasizing the role of the 150,000 affected firms in maintaining national employment.
The government maintains that the primary objective is the stabilization of the industrial and commercial sectors. By providing liquidity, the state intends to support the companies responsible for half of the country's jobs.
