Colombia’s president backtracks on tax reform after violent protests
Loss of the tax reform poses a threat to the country's investment-grade credit rating
03 May 2021 - 00:12
Bogota — Colombian President Ivan Duque said on Sunday he would withdraw a proposed tax reform after sometimes violent protests and widespread parliamentary opposition, though he insisted a reform is still necessary to ensure fiscal stability.
Duque said on Friday the law would be revised to remove some of its most controversial points — including sales tax on utilities and some food — but the government had previously insisted it could not be withdrawn...
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