International
Chilean President abandons his fiscal reform and presents new proposal
August 2|
Chilean President Gabriel Boric said on Tuesday that his government will not insist on a rejected tax reform bill and will promote new initiatives to raise the necessary funds to address some of its promised social proposals.
In June, the leftist ruler had said that his government would insist at the end of July in the Senate to resume the legislative processing of the tax adjustment.
Through a new Fiscal Pact, Boric said that the spending proposals involve resources for 8,000 million dollars to finance programs such as the Universal Guaranteed Pension to improve the lowest pensions, reduction of waiting lists in health, as well as greater investment in citizen security.
“This proposal considers the contribution made by growth, the reform of the state, the strengthening of tax oversight and taxes paid by the higher income sectors to be able to finance in this way the social expenses that are urgent,” he said in a televised speech.
“We are not going to insist in the Senate with the bill that was previously rejected”, he added.
Boric did not specify deadlines for the delivery and processing of the initiatives, or how much the total collection is expected to be.
The government’s new proposal will be divided into two projects, one to improve tax compliance and the other to adjust income tax focused on those with greater resources.
“This initiative will also include tax incentives for investment, productivity and formalization, as well as benefits for the middle class and a new regime for smaller companies,” he said.
He specified that the tax incentives would be equivalent to 0.5 points of the Gross Domestic Product (GDP).
The first project includes measures that seek to increase tax collection through legal modifications that do not imply a tax increase, which would increase tax collection by 1.5% of the GDP in net terms, according to a government minute.
Meanwhile, the second will be focused on income tax for both companies and individuals and will include incentives for investment, productivity and formalization, as well as benefits for the middle class and the new tax regime for smaller companies, which would have a fiscal cost of 0.5% of GDP.
At the investment level, tax incentives such as semi-instantaneous depreciation and a tax credit fund for investments with a multiplier effect on activity, employment and environmental sustainability are proposed.
It also commits to reduce by 30% the processing time for mining projects, according to the minutes.
Additionally, the plan includes five priority areas of productive diversification that by 2026 foresees three or four new lithium projects, two thirds of the energy matrix with renewable sources, 10-12 projects in the development of green hydrogen and an increase in the digital economy.
The original tax reform bill was rejected in March by the deputies and the government could only insist on its passage through the Senate.
International
Wildfires in France Burn Nearly Three Times More Land Than in 2025, Interior Minister Says
More than 50,000 hectares of land have been destroyed by wildfires across France since the beginning of the year, nearly three times the area affected during the same period in 2025, French Interior Minister Laurent Nuñez said Friday in an interview with AFP.
Emergency crews are currently battling several major fires, including one near the popular Cap Ferret peninsula, where flames have already consumed more than 10,000 hectares, making it the largest wildfire of the season so far, according to the minister.
“Currently, we have 32 fires underway, which obviously do not all have the same level of importance,” Nuñez said.
“We have exceeded the threshold of 50,000 hectares burned since January 1 of this year. It is practically three times more than during the same period last year,” he added.
Despite the extensive resources deployed and the long hours worked by emergency teams — estimated to be two and a half times higher than last year — Nuñez said authorities remain “calm” and “determined” to contain the situation.
The minister acknowledged that the main concern is the fatigue affecting firefighters and emergency personnel who have been working under demanding conditions.
“The concern, if there has to be one, obviously lies in the state of exhaustion of the men and women who are committed. We have to hold on throughout the entire season,” Nuñez said.
France’s late spring and early summer have been marked by repeated periods of extreme heat, conditions linked by scientists to climate change and considered a major factor contributing to the increase in wildfire activity across the country.
International
Israel Says Saudi Recognition Would Mark ‘Historic Breakthrough’ for Middle East Peace
The office of Israeli Prime Minister Benjamin Netanyahu said Thursday that Saudi Arabia’s recognition of Israel would represent a “historic breakthrough” toward achieving peace in the Middle East.
The statement came after the United States and Saudi Arabia announced an agreement on Wednesday to establish a civil nuclear program in the kingdom. U.S. President Donald Trump said the initiative would be linked to Riyadh’s decision to normalize diplomatic relations with Israel.
“Saudi Arabia joining the Abraham Accords would represent a historic breakthrough toward peace in the Middle East,” Netanyahu’s office said following Trump’s announcement.
The statement added that recent developments, including joint military actions by the United States and Israel against Iran, as well as Israel’s efforts against what it described as Iran’s “terror axis,” have created new opportunities to expand regional diplomatic ties.
“The joint U.S.-Israeli military action against the genocidal regime in Tehran and Israel’s defeat of Iran’s terror axis have created the possibility of expanding the circle of peace,” the statement said.
A potential normalization agreement between Israel and Saudi Arabia would represent a major diplomatic shift in the region, as Riyadh has long been viewed as one of the key countries whose formal recognition could significantly reshape Middle Eastern relations.
International
Nicolás Maduro’s Son Calls U.S. Trial Against His Father and Cilia Flores “Unjust”
Venezuelan lawmaker Nicolás Maduro Guerra on Wednesday described as “unjust” the legal proceedings in the United States against his father, ousted Venezuelan President Nicolás Maduro, and his wife, Cilia Flores, following their capture in Caracas on January 3 by U.S. forces.
“Faced with the unjust trial taking place today, the people raised their voices with a single demand: We demand the immediate release of President Nicolás Maduro and the First Lady,” Maduro Guerra wrote on his Instagram account.
The lawmaker attended a rally in Caracas where supporters of the ruling United Socialist Party of Venezuela (PSUV)gathered to show support for the former president, who faces charges in the United States including conspiracy to commit narco-terrorism and cocaine importation. Flores is accused of crimes related to drug trafficking and weapons possession.
The event was also attended by PSUV Vice President for Mobilizations and Events Nahum Fernández and Caracas Mayor Carmen Meléndez, according to photos shared by Maduro’s son.
The third hearing in the case against Maduro and Flores concluded Wednesday at a federal court in New York after lasting only about 18 minutes. During the hearing, the judge preliminarily set June 2027 as the expected start date for the trial.
One of the main arguments from the defense will focus on immunity. Maduro’s lead attorney, Barry Pollack, who has also represented WikiLeaks founder Julian Assange, said the defense plans to request immunity for both defendants, arguing that Maduro was serving as head of state and Flores as first lady at the time of their detention.
Both Maduro and Flores pleaded not guilty during their first court appearance in New York on January 5.
Meanwhile, Venezuela’s interim president Delcy Rodríguez, who assumed power after Maduro’s capture, has not yet commented on Wednesday’s hearing in the United States.
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