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<March 5, 2012: What Would a Tax Overhaul Mean for Colombia's Economy?
By Roberto Steiner, Marta Lucía Ramírez, Daniel E. Velandia O., Juan David Escobar Valencia
Source: Latin America Advisor
Colombia will "do away with a lot of deductions and loopholes" for businesses as part of the overhaul of its tax system, Finance Minister Juan Carlos Echeverry told Dow Jones in an interview published Feb. 20. Colombia's current tax system is unfair to low-wage workers and an overhaul will make it more equitable, said Echeverry. Is Colombia's current tax system holding the country back? What does the overhaul mean for Colombia's economy and the businesses that operate in the country? Will the overhaul win approval in Colombia's Congress, which is dominated by supporters of President Juan Manuel Santos?>
It will mek yuh fling lik gainst di concrete...
"It was dark as death on the streets
My hands were all bloody from punchings on the concrete
God damn, homie
My mind is playin' tricks on me..."
By Roberto Steiner, Marta Lucía Ramírez, Daniel E. Velandia O., Juan David Escobar Valencia
Source: Latin America Advisor
Colombia will "do away with a lot of deductions and loopholes" for businesses as part of the overhaul of its tax system, Finance Minister Juan Carlos Echeverry told Dow Jones in an interview published Feb. 20. Colombia's current tax system is unfair to low-wage workers and an overhaul will make it more equitable, said Echeverry. Is Colombia's current tax system holding the country back? What does the overhaul mean for Colombia's economy and the businesses that operate in the country? Will the overhaul win approval in Colombia's Congress, which is dominated by supporters of President Juan Manuel Santos?>
It will mek yuh fling lik gainst di concrete...
"It was dark as death on the streets
My hands were all bloody from punchings on the concrete
God damn, homie
My mind is playin' tricks on me..."
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