Chile's Market Reforms
Without doubt, the reform to the market of capitals of Chile, has given a new impulse him to our economy. 15 are the measures, that they intend to give greater transparency, tributary flexibility, dynamism and incentives him to our market that as much needed it. They are: 1, Effects of Commerce · Permite to emit on credit smaller bonds to companies than by size do not have access to emit bonds of long term, paying only by once the tax of timbres and stamps, which simplifies to the inscription and acquisition of titles by the AFP'S. 2. Reduction of the tax on the interests for foreign investors · Iguala the tax treatment of the interests gained in instruments of debt bought by foreigners independently of if the debt is emitted outside or within the country, allowing to companies that not described by size and that participate outside accede to new source of financing. 3, Short sale of Actions and Bonds · Exime of the tax of gains of capital to this type of operations (renting of actions with high presence and bonds compromised in stock market until by the term of a year and allows a greater liquidity in the market, being a key ingredient for the sprouting of the derived financial product market. 4. Taxes of capital gains · Elimina
It is to say on the one hand does not pay tax (until those bottoms retire), and by another one allows until lowering of tax section (reduction of tax basis with a top of 50 monthly UF (8. Multifondos of pensions (point 11) All we have seen that at the time of receiving our "jugoso sueldo", that 10% go away (obligatory quotation) to the AFP, and that 10% is invested in portfolio arbitrary that we cannot choose, since at the moment only there are two bottoms, "el obligatorio" (mix fixed and variable, with limits to this last one), and the call "cuenta 2" (only rent fixes). The incentive consists of reducing of the tax basis of the workers the voluntary saving for the oldness (retirement) in a series of instruments of the market of capitals. Relaxation of mechanisms for voluntary saving (point 7) The new system for the voluntary saving, is one or he item of greater relevance, since it foments the creation of the third pillar of the system of pensions, by means of the delivery of tributary benefits to the voluntary saving that carry out dependent and independent workers. They are 5 bottoms with different combinations from fixed variable instruments and that vary depending as it is our degree of aversion to the risk: Limits of Investment in Variable Rent Maximum Minimum Bottom To 80% 50% Bottom B 60% 30% Bottom C 40% 20% Bottom D 20% 10% nonauthorized Bottom and in Variable Rent This way new alternatives of investment are created that allow to increase the yield waited for for us (the affiliated ones), and increases the competition and efficiency in the pick up processes and investment of the AFP's, which generates one better allocation of the resources administered by these. 5, Emergent stock market and Exemption of the tax to the capital gains · Crea a new segment of stock market for emergent companies, companies with a high potential of growth, different requirements of information and exempts of the tax to the gains of capital by purchase of actions in this stock market by of 3 years, allowing an alternative form of financing. Obvious to smaller age greater risk and vice versa, but we are not scared since there is to watch in the long term and we can be changed from a bottom to another one, without cost, if it does not satisfy the one that we chose (maximum 2 times to the year, but paid a commission), with the exception of the pensioners, greater men of 55 and greater women of 50, who only can choose to the three bottoms of smaller risk. 13, Agricultural stock market · the IVA of compromised products is made when coming out of stock-market, way to viabilizar the transactions of representative liquid instruments of products, translated in smaller cost financial of guard and better prices in the harvest. 11, Multifondos of pensions · (east point will treat more ahead by its importance) 12. The participants who can offer alternatives of voluntary previsual saving, operative from March of the 2002, are the Mutual Insurance agencies, AFP, AFV, Bottoms and the Banks). 10, Figure of the multiple administration · Under a same organizacional structure could be mutual bottoms, investment funds and bottoms for the house, implying smaller costs and greater efficiency of the industry. To choose, that sounds to this, since we will be able to choose by one or another one, but this process well becomes in automatic form according to the age in which we are (we are 90 from March to choose). Nevertheless, the common Chilean asks itself, in what he affects the reform to him to his pocket, since if we spoke to him of transfronteriza intermediation he sounds "marciano" to him; and very distant. Good, although all the points touch us of some or another form, without doubt referring to the voluntary saving and the multibottoms they definitively affect directly and in the "constante money and sonante" of each one.
Common topics in this essay:
Actions Bonds,
Obligatory Quotation,
National Banks,
Variable Rent,
Effects Commerce,
Depurado ACD,
Mutual Bottoms,
Bottoms Banks,
,
Minimum Bottom,
voluntary saving,
stock market,
· elimina,
fixed variable,
mutual bottoms,
tax gains,
market capitals,
tax gains capital,
gains capital,
· east treat,
increase pension,
east treat ahead,
tax basis,
capital gains ·,
mechanisms voluntary saving,
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Acceptance Essays
