Chile tax overhaul aims to tackle some of the developed world’s highest levels of inequality
SANTIAGO, CHILE — Long and narrow, Chile is shaped like a test tube, and for years it has been a laboratory for a running experiment in free-market capitalism.
With business-friendly policies and largely privatized education and health care, the “Chilean model” has helped build a stable country with little unemployment or corruption, and per capita incomes nearing $20,000, the highest in Latin America.
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