The Colombian government will propose a range of new tax initiatives targeting high-income individuals and some corporations, President
- The proposed measures include increased taxes on dividends, wealthy earners, inheritances, and corporate mergers
- Petro also said that he’ll seek to reduce the overall corporate tax rate, except for companies operating in the fossil fuel sector
- Additional proposals include taxes on unproductive land, savings held in tax havens, and tariffs on goods that contribute to carbon dioxide emissions
- Petro didn’t provide details about the implementation and structure of the proposed tax changes
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