executive has deferred decision on exchange rate of the dollar fall caution
Letelier lashes for repatriation of capital and government is cautious
The reconstruction of the historical and rural housing damaged by the earthquake, are the main motives of the initiative.
By Sebastian Vega
Senate vice-president, Juan Pablo Letelier (PS), returned to ask the Minister of Finance Felipe Larraín, assess a law that encourages standardization taxation of foreign investment in Chile and living in our country, in order to finance the reconstruction of the historical and rural housing affected by the earthquake in February 2010.
"I come to promote a law that allows the recording of capital to finance the creation of a special fund for the reconstruction of historical heritage and rural housing, is an effort that is pending on what is related to reconstruction," MP said the coalition.
regard, Larrain said receipt with the subject, but would not commit the Government because as discussed in this portfolio, there fear that the initiative could impact further on the falling dollar.
"We said we are working on this. Here is a sort of cross support and there was even a request, a draft agreement in the Senate with some 20 senators, and we receive the contributions and concerns about it," said Minister of Finance.
Senator Letelier, who takes considerable time to insist on this matter-is considering legal initiative for the state to raise between U.S. $ 1,500 million and U.S. $ 2,500 million when implementing the rules, and between U.S. $ 250 million and $ 300 million a year from the effects of mass increase tax through a special tax of between 5% and 10% for use once only, to encourage the voluntary repatriation.
"We hope that this registration process allows for standardization in the context of new international financial standards as the OECD and the financial crisis of 2009, which makes it necessary to normalize the elimination of capital, and, further, that will use the mechanism to raise many resources devoted amounts equal to the asset reconstruction, "argued the Social Democratic, who is awaiting a response to his request for now and June.
Senate vice-president, Juan Pablo Letelier (PS), returned to ask the Minister of Finance Felipe Larraín, assess a law that encourages standardization taxation of foreign investment in Chile and living in our country, in order to finance the reconstruction of the historical and rural housing affected by the earthquake in February 2010.
"I come to promote a law that allows the recording of capital to finance the creation of a special fund for the reconstruction of historical heritage and rural housing, is an effort that is pending on what is related to reconstruction," MP said the coalition.
regard, Larrain said receipt with the subject, but would not commit the Government because as discussed in this portfolio, there fear that the initiative could impact further on the falling dollar.
"We said we are working on this. Here is a sort of cross support and there was even a request, a draft agreement in the Senate with some 20 senators, and we receive the contributions and concerns about it," said Minister of Finance.
Senator Letelier, who takes considerable time to insist on this matter-is considering legal initiative for the state to raise between U.S. $ 1,500 million and U.S. $ 2,500 million when implementing the rules, and between U.S. $ 250 million and $ 300 million a year from the effects of mass increase tax through a special tax of between 5% and 10% for use once only, to encourage the voluntary repatriation.
"We hope that this registration process allows for standardization in the context of new international financial standards as the OECD and the financial crisis of 2009, which makes it necessary to normalize the elimination of capital, and, further, that will use the mechanism to raise many resources devoted amounts equal to the asset reconstruction, "argued the Social Democratic, who is awaiting a response to his request for now and June.
Source:
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