In more protests, Colombia submits new tax reforms to Congress | Protest News
The Treasury Department stated that the bill will not affect most taxpayers, after the proposed increase in April caused protests.
The Colombian government formally submitted a $3.95 billion tax reform bill to Congress on Tuesday as unions and student groups tried to revive Street protest This helps disrupt the initial iteration of reform.
Funds raised by the law will be significantly lower than the $6.3 billion package the government seeks. April proposal It was later withdrawn due to large-scale demonstrations and opposition from legislators.
President Ivan Duque’s government insists that this measure is crucial in a period of rising debt and widening fiscal deficits and must be passed to support social programs.