On November 20th, our partner Alex Fischer participated as a panelist in the seminar “New Tax Scenario in Chile”, whose objective was to analyze the impact it will have on investments, in the financial market in general and how it will affect the real estate sectors, investment funds and other businesses. The activity was organized by the financial advisory company and multifamily office Addwise and summoned financial experts, tax judges and businessmen.
Alex Fischer commented that “in the capital markets matter, the Protocol of Agreement between the Government and senators of the Treasury commission clearly denotes the intention to maintain, with greater restrictions, the regime of private investment funds and the exemption to profit of capital in the sale of shares with stock market presence. On the other hand, the commitment to review exemption regimes does not extend to matters such as the previous ones and which were subject to discussion and agreement therein ”.
Rodrigo Benítez, partner of Tax & Legal BDO, Luis Alfonso Pérez, judge of the First Tax and Customs Court of the Metropolitan Region, Ricardo Morales, executive president of HMC Capital, and Humberto Jorquera, managing partner of Addwise were also part of the expert panel who debated on these matters.
To read the media article about the event, click here:https://www.corporateit.cl/index.php/2019/11/21/expertos-analizaron-los-principales-ejes-y-desafios-de-la-nueva-reforma-tributaria/
In an article published by the international publisher Tax Notes, our partner Isabel Espinoza and associate Nahuel Acevedo, propose to encourage companies donations through an improvement in the tax treatment of this figure, as a means of helping to combat poverty and economic inequality.
To read the article, follow this link: https://www.taxnotes.com/lr/resolve/tax-notes-international/improving-charitable-donations-in-chile/2b1wf.
Over 350 people attended on August 27th to the “Tax Modernization: Content Analysis” seminar, organized by the Tax Studies Center of the Faculty of Economics and Business of the Universidad de Chile. Among the speakers, was the President of the Senate Finance Commission, Senator Ricardo Lagos Weber, our partner Alex Fischer, Carlos Boada, Juan Pablo Cabello, Osiel González, Ximena Niño, Mario Silva, Víctor Villalón and the Executive Director of the CET, Gonzalo Polanco.
Our senior partner, Juan Manuel Baraona, points out the basic grounds on taxes matters, in order to accomplish an agreement among the Tax Reform project.
On July 18th, the Tax Policy Coordinator of the Ministry of Finance, Manuel Alcalde, headed the seminar ” Modernization and Tax Reform, Looking at the Future”, organized by the Chilean Chamber of Construction. At the event, the tax lawyer said that the proposal is an integral part of a project that seeks to boost growth, investment and employment, and that its focus is to simplify the processes and generate greater legal certainty.
As well, Macarena Navarrete and Juan Manuel Baraona where invited to comment the proposals and share with the audience different aspects about the project,. Both valued the approach of the proposal as it should achieve tax modernization and support the need to reintegrate the tax system.
To learn more about the seminar, read the press release of Pauta: https://www.pauta.cl/economia/impuesto-inversiones-regiones-tiene-objetivo-mayor-inversion
Meanwhile, deputies from Chile Vamos, together with supporting the demands of SMEs, presented a document with proposals that should be considered in the discussion of the project.
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