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Andean Group - August 2021
Government presents revised tax reform bill
On 20 July – Colombia’s Independence Day – the government formally presented a revised version of its tax reform bill to congress, three months after the first iteration sparked widespread protests. The new proposal is slightly more modest in its aims, with the objective being to raise an additional Col$15.2trn (US$3.9bn) per year, rather than the original Col$23.4trn. In addition, the burden has also been shifted away from Colombia’s poorer and middle classes, with businesses and the private sector instead expected to take the brunt of the cost. The bill currently seems to have a high chance of being approved by congress, having been met with a generally positive response from congress and relatively muted protests in comparison to the first attempt at tax reform in April.
- Introduction
- Government presents revised tax reform bill
- New ELN leader will struggle to influence ground forces
- Caracas brought to a standstill by gang violence
- Lasso brought to the negotiating table over price controls
- Plan to tackle inadequate and informal housing
- Plan to accelerate adaptation to climate change
- Economic Highlights