Chile backs away from tax breaks on the rich amid protests

SANTIAGO, Chile (AP) — Chilean President Sebastian Piñera is backing away from a plan to cut corporate taxes following two weeks of protests fed by anger of inequality.
Tens of thousands were demonstrating again Friday in the capital, continuing protests that have shaken the country and forced the cancellation of two major international summits that had been scheduled for Santiago.
Piñera is facing massive demonstrations featuring demands for higher wages, better pensions and