chilean tax structure - TTN Transnational Taxation Network
chilean tax structure - TTN Transnational Taxation Network
chilean tax structure - TTN Transnational Taxation Network
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NOT GROWING ENOUGH<br />
“It is clear that Chile has been a star economically. If we compare Chile with its<br />
piers in the Region things look good…. However, we are comparing with the wrong<br />
competition. In comparison with Latin America Chile looks fine, however, when<br />
compared with the real global competitors, it doesn´t look so good. China, Russia,<br />
Estonia, Korea, Greece, Taiwan, Ireland, Kazajstan are all in better shape in terms of<br />
pushing for growth and prosperity, and that is what matters. It doesn´t matter how<br />
fast you grow, what matters is that prosperity increases. So, in comparison to where<br />
Chile wants to be, it is not doing so well and therefore needs to question itself<br />
whether necessary steps are being taken today in order to obtain future growth with<br />
prosperity. I have serious doubts that this is happening and I don´t see a firm<br />
commitment to take action and change. I see a sort of paralysis in the economic<br />
debate in relation to the future of Chile.”<br />
Michael Porter, 06.29.05, Seminar Universidad del Desarrollo MBA Program, Santiago, Chile<br />
8<br />
Recent <strong>tax</strong> developments in Chile May, 2007
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