Chile alters tax reform bill to raise corporate tax to 27 pct from 20 pct
SANTIAGO, July 8 (Reuters) - Chile's finance minister unveiled changes to a tax reform bill late on Tuesday, which include raising the corporate tax rate to 27 percent from 20 percent in exchange for concessions opposition lawmakers called for during weeks of Senate debate.
The reform, a centerpiece of President Michelle Bachelet's administration, maintained its overall goal of increasing tax revenue by $8.2 billion, equivalent to 3 percent of gross domestic product.
In the bill as initially presented to Congress, corporate tax was to be gradually increased to 25 percent by 2017. (Reporting by Anthony Esposito; Editing by Christopher Cushing)
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