CHILE: A Taxing Process of Reform

Economist Tasha Fairfield takes a look at Chile’s changing tax policy and highlights the challenges facing meaningful reform.

Chile may be “the Latin American Tiger,” but despite a recent history of economic success, it is a country dogged by persistent inequality. The nation’s Gini coefficient, a common measure of inequality, has remained essentially unchanged for the last 25 years. It has hovered consistently around 0.52, just shy of the average for Latin America, the most unequal region in the world according to the UN Development Program.