Today in Diario Financiero newspaper, our partner Alex Fischer explains that the modifications to Chile’s tax policy over the past decade have increased the tax burden on capital “without considering the practical effects on investment and growth (…) The issue is not about exempting capital income from taxation. It is about recognizing that the current structure penalizes legitimate economic decisions and encourages immobility, generating an increase in the cost of capital that harms the entire economy. In one decade, we moved from a system that encouraged investment to one that discourages and restricts it.”

To read the full column here.