Special Report - Natural Gas in Latin America (ISSN 17414474)
Taking a different course
p>In 2004, the Colombian government overhauled the rules
governing its oil and gas industry in an effort to encourage foreign investment.
Colombia's tax and royalty rates are now among the lowest in the region. Some of
this comparative improvement, however, is due to increases in tax and royalty
rates in its neighbours, particularly in Ecuador and Venezuela.
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