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The Executive is firm in its position. The Minister of Finance Ignacio Briones did not open any loophole to not collect taxes from those who proceed with the second withdrawal of 10%, despite the calls of the deputies even from his sector, to set a limit around $ 2,500,000.
This Monday together with his work partner, María José Zaldívar, presented the initiative before the Labor Commission of the Chamber of Deputies, defending the payment of taxes, along with other ideas that were answered after being rejected by the Senate as the reinstatement of funds and the obligation to report.
“In the first withdrawal, the unexpected and incredible was done, a tax forgiveness with a significant cost. In this recall, we estimate that the lower collection will have a direct impact of the order of US $ 713 million, without adding the APV franchise. This is not a new tax, but the general regime is being applied, “said Minister Briones.
The withdrawal considered in this initiative would be for a minimum of 35 UF ($ 1,000,000) and a maximum of 150 UF (4,300,000), and depending on the level of monthly income, each contributor must pay taxes for the operation according to the tranche of Income tax.
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Immediately, the minister explained the progression of the tax system, remembering that income of $ 1,500,000 pays $ 32,000 in taxes with an average rate of 2.1%; with $ 6,000,000 they are taxed with $ 930,000 at a rate of 16%. He also argued that people who obtain a remuneration of $ 1,500,000 are located in the 90th percentile of income distribution, for which out of 100 there are 90 people who have a lower income; and with $ 2,500,000 there are 95 people who earn less.
In that sense, he stressed that those who lost their jobs and this year have no income should not pay taxes if they withdraw their 10%.
“If you take a person who retires and who kept his salary intact, I wonder what the justification is that there is a tax exemption. Here the general regime is maintained and if it corresponds that it is in a section that must be paid, it will be taxed ”he sentenced.
His intervention failed to convince almost no deputy of the Commission except the two UDI who closed ranks with Briones.
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“Who can say that 700 thousand is a high income ?. And if it is most likely that they will be in the exempt section, what the healthy spirit recommends is that we give them certainty that they will not pay. The floor should be $ 2.5 million, let’s have a social spirit with the majority who have had a bad time, ”said deputy Francisco Eguiguren (RN).
Several opposition parliamentarians argued that when withdrawing taxes should not be paid, because what goes to social security is savings, and they called on the Executive to make concessions. “We are going to insist that it be tax-free because it is the result of work. Our message to the government is not to get in the way, but to agree to participate in these indications, if we are not going to insist with two thirds in the room if what the government wants is to make a clash of powers ”, highlighted the deputy Gabriel Silber ( DC).
The point is that the issue of taxes is clearly a presidential power, if the deputies present indications on the point they would be inadmissible. However, the admissibility could be voted in the courtroom, and if they win it, as Silber anticipates, it is likely that the government will go to the Constitutional Court, which would delay the process more, and could make it difficult for the withdrawal to take place before Christmas, such as the parliamentarians are waiting.
After listening to the deputies, the minister recalled that people who obtain income over $ 2.5 million are among the 4.5% of people with the highest income in the country, referring to the cut that the parliamentarians suggested to start paying tax for retirement. The minister asked if these people could be “considered middle class.”
For her part, Deputy Alejandra Sepúlveda (FRSV) stated that there is an agreement between the opposition and government deputies to exempt taxes from $ 2.5 million downwards. “We tell the government that the votes are there, and we only wait for the indications. There is no deaf person who does not want to hear. We have said it in all tones to the minister and he does not want to understand. So then we call on the President who was campaigning talking about the middle class. President give him the possibility of not paying taxes to a middle class that has had a bad time ”.
Meanwhile, the government will insist on two matters that were not approved by the Senate. He will again propose the reimbursement of pension funds, “we want it to be considered because a withdrawal without reimbursement has a fiscal cost as a ceiling of US $ 2,552 million to 2050”. And another indication to establish the duty of information of the AFPs to the affiliates who withdraw their funds about the negative effects on their future pensions.
Until this Monday, the deputies had presented 8 indications, most of which pointed to the withdrawn funds not being considered income, or by setting exemption limits. The deputies Karim Bianchi and Raúl Soto proposed that if the affiliate reintegrated the total amount withdrawn to his individual capitalization account “he will always be able to request a new withdrawal.” And other approaches were related to the payment of alimony. In fact, deputy Vlado Mirosevic recalled that some 70,000 people who could have made the first withdrawal did not do so, and at the same time owed alimony. Its indication seeks that the affected person can appeal to the AFPs to request a withdrawal of 10% for the amount owed, setting deadlines and procedures for this process.
