Tax stability agreements made between mining companies and the government of Chile are designed to be non-negotiable and are expected to be respected if proposed changes to the country’s royalty system are made, the chief executive officer of Teck Resources said.
By Reuters Staff
1 Min Read
SANTIAGO, May 6 (Reuters) - Chile’s lower house of Congress approved on Thursday a royalty bill that would sharply hike taxes on miners in a bid by left-leaning lawmakers to help underwrite social programs in the world’s top copper producing nation.
The opposition-sponsored legislation now heads to Chile’s Senate, where it is likely to face several more procedural votes.
Reporting by Dave Sherwood; Editing by Chris Reese
The opposition weighs impeaching Piñera and his own lawmakers vote against him on the Senate
Chile s Senate Thursday passed a bill whereby people shall be allowed to withdraw an additional ten per cent from the pension funds to be able to cope with the hardships caused by job losses and the closing of businesses owing to the restrictive health measures against Covid-19.
The decision was a defeat for President Sebastián Piñera, who even saw some of his political allies vote in favour of the measure and against his own personal preferences. Earlier this week, Piñera had sought a ruling from the Constitutional Court to halt the bill s parliamentary treatment.
Chile s Senate to debate pardon for prisoners of social unrest
Chile s Senate to debate pardon for prisoners of social unrest
Santiago de Chile, Jan 25 (Prensa Latina) The Human Rights Commission of Chile s Senate approved on Monday to legislate an initiative that seeks to pardon on humanitarian grounds those detained during the social outbreak. The proposal was approved by three votes to two, with the support of the opposition senators who promoted the project, among them the president of the Senate, Adriana Muñoz, while the representatives of the right wing voted against it.
In previous sessions, the commission heard arguments in favor or against from the Judicial Branch, the National Prosecutor s Office, the Public Defender s Office, relatives of the prisoners and human rights organizations, among others.