Colmbia's Petro Targets $5.4 Billion in New Taxes After $201 Billion Debt Reveals

Colmbia's Petro Targets $5.4 Billion in New Taxes After $201 Billion Debt Reveals

Colombian President Gustavo Petro’s push to tax dividends, inheritances, and international remittances has collided with congressional resistance as external debt nears 50% of GDP, central bank data reveals. The proposed reforms aim to collect $5.4 billion annually by raising dividend taxes from 10% to 19-39% for individuals and 20% for foreign entities, targeting wealth concentration. […]

From the public square of Barranquilla that he has already attended 3 times this year, President Gustavo Petro made clear that his electoral strategy for 2026 is a frontal attack on the political class that he commands in Congress. Thus he reactivates the rhetoric of a blockade against his government and his political agenda, led by “corrupt clientelism” of the congressmen. At the same time he puts gasoline in the popular consultation as a pre-c…

Petro arrived with promises of change, but his mandate is diluted between improvisation, pride and fractures.A broken illusion that left the country more polarized The article Petro's pride led him to failure as president was originally published in Las2orillas. Copyrights Las2orillas.co

He also stated that there was a transfer of public resources to high-income people through the privatization of roads and fossil fuel subsidies.

President Gustavo Petro. Photo: Presidency of the Republic. President Gustavo Petro criticized the high public spending facing his administration, and noted that this has been caused mainly by two factors: an unsustainable pension system and the high interest rates of public credit. According to the president, these problems are aggravated by the “exaggerated over-indebtedness” inherited from the government of Iván Duque, whose obligations fall …