March 14, 2018 / 9:30 PM / a year ago

Tax reform to have no impact on overall Chile tax take: minister

Chile's Finance Minister Felipe Larrain poses for a picture at the Finance Ministry building in Santiago, Chile March 14 2018. REUTERS/Pablo Sanhueza

SANTIAGO (Reuters) - A Pinera administration plan to simplify Chile’s tax code will have no impact on overall tax revenue in Chile, Finance Minister Felipe Larrain said on Wednesday.

“It’s a project that’s fiscally neutral. That doesn’t mean that we won’t touch some (tax) rates, but fundamentally, we’re interested in greatly simplifying the system,” Larrain said.

Reporting by Antonio De la Jara; Writing by Dave Sherwood, Editing by Franklin Paul

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