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Moody's, pendiente de economía y medidas fiscales

Moody's, pendiente de economía y medidas fiscales
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Colombian finance minister quits, markets down after tax reform withdrawn

AmericasColombian finance minister quits, markets down after tax reform withdrawn
Nelson Bocanegra
4 minute read
Colombia s President Ivan Duque speaks during a televised address announcing the withdrawal of the tax reform bill, in Bogota, Colombia May 2, 2021. Colombia Presidency/Handout via REUTERS
Colombia s finance minister resigned and the country s currency, bonds and stock markets fell on Monday after President Ivan Duque withdrew a tax reform proposal seen as important for fiscal stability.
Duque retracted the proposal on Sunday after staunch opposition from lawmakers and deadly street protests, sparking market uncertainty and comment from ratings agency Moody s.
My continuance in the government will complicate the quick and effective construction of the necessary consensus, Finance Minister Alberto Carrasquilla said in a statement, warning Colombia s macroeconomic stability would be seriously compromised without reform. ....

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Colombian peso, stocks drop after tax plan's withdrawal | WSAU News/Talk 550 AM · 99.9 FM

By Nelson Bocanegra BOGOTA (Reuters) - Colombia's peso, public debt and stocks depreciated on Monday after President Ivan Duque withdrew a tax reform . ....

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Colombian finance minister quits, markets down after tax reform withdrawn

Colombian finance minister quits, markets down after tax reform withdrawn
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Colombian peso, stocks drop after tax plan's withdrawal

Colombian peso, stocks drop after tax plan s withdrawal
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Reuters
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By Nelson Bocanegra
BOGOTA, May 3 (Reuters) - Colombia s peso, public debt and stocks depreciated on Monday after President Ivan Duque withdrew a tax reform proposal seen as important for the country s fiscal stability, sparking market uncertainty and comment from ratings agency Moody s.
Duque withdrew the proposal on Sunday after staunch opposition from lawmakers and deadly street protests, but he said tax reform is still necessary and that a new proposal will be made with consensus among business leaders, political parties and civil society.
The withdrawn proposal, originally intended to raise more than $6 billion in revenue, would have increased taxes paid by individuals and businesses, expanded sales taxes and eliminated exemptions and deductions. ....

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