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Petro Proposes a Wide Tax Increase in His Final Straight

Summary by El Pais
Few things as Colombian as a tax reform: in the last 50 years, there are already 30. The current government, that of Gustavo Petro, begins its fourth year with one of them, or at least with a tax increase project. After an ambitious reform that succeeded in passing Congress in its first months, the left-wing executive failed with his second attempt, at the end of 2024, and when he sought to make adjustments to the rules to increase the collectio…

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Few things as Colombian as a tax reform: in the last 50 years, there are already 30. The current government, that of Gustavo Petro, begins its fourth year with one of them, or at least with a tax increase project. After an ambitious reform that succeeded in passing Congress in its first months, the left-wing executive failed with his second attempt, at the end of 2024, and when he sought to make adjustments to the rules to increase the collectio…

·Spain
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The president of Colombia, Gustavo Petro, justified the increase in taxes for the tax reform promoted by his government, by ensuring that the poor hardly use gasoline. During a speech held the night of Tuesday, September 2, Colombian president Gustavo Petro argued in favor of the increase in the price of fuels, because according to him, people in poverty “almost do not use” gasoline, but these are used mostly by the wealthy population or that th…

Experts warned that these taxes could lead to capital flight. Photo: Freepik (www.freekik.es) The government's tax reform proposal Petro, which was met yesterday after it was established in the Congress of the Republic, includes a series of new taxes or increases in rates that could punish investments, according to analysts. Mauricio Marín Elizalde, an expert lawyer in property structuring and investment protection, warned that this bill would h…

Guilds and businessmen reject tax reform of Petro Agencia Period... Mar, 02/09/2025 - 18:57 Andi and Fenalco warn that new taxes would affect transportation, food, housing, tourism and entertainment.

After different criticisms from the public opinion towards the new project of the creation of tax reform, raised by President Gustavo Petro, the same president came forward to his opponents defending this initiative. Through his X account, the head of state denied a publication circulating in ... The post Gustavo Petro defends the tax reform appeared first on ::Tolima Online:.

The head of state says the initiative was launched on Monday, September 1. Congressmen say it does hit the lower class.

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El Pais broke the news in Spain on Tuesday, September 2, 2025.
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