At the beginning of the year, Colombia imple
mented a controversial tax reform that includes an increase in the national sales tax and other provisions in order to replace lost revenue from the country’s chief export, oil. The reforms, which also reduce the overall corporate tax burden, are expected to raise an additional $2 billion for the government this year, and officials hope it will reduce the risk of downgrades to Colombia’s credit rating. What effects will the tax reform have on Colombia’s economy and on businesses operating there? Which business sectors are best positioned to benefit from the changes, and which may be harmed by it? To what extent does the reform fail to tackle tax evasion, as Colombia’s chief prosecutor, Néstor Humberto Martínez, has argued?
See today’s featured Q&A with three views on this topic.
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Colombian firm Interbolsa is being liquidated in a move to protect the interests of Colombia’s financial markets.
What Columbia is doing to improve its education quality.
We are pleased to share with you the article below about evaluating education quality. Otro Icfes nació para evaluar EL INSTITUTO CAMBIÓ de nombre luego de 40 años de historia gracias a un proceso de transformación y fortalecimiento. También llegaron denominaciones como Saber 11° y Saber Pro. Área Educación | Medellín | Publicado el…
