The government of
Colombia has formally presented a revised version of its tax reform bill to congress, three months after the first iteration sparked widespread protests. The new bill is more modest in its aims and shifts the brunt of the tax burden from Colombia’s poorer and middle classes to businesses and the private sector. The bill currently seems to have a high chance of being approved, having been met with a generally positive response from congress and relatively muted protests in comparison to the April bill. We begin this August edition of the
Latin American Regional Report: Andean Group by examining the key points of the new reform bill, which international lenders insist is urgently needed.
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