The Organisation for Economic Co-operation and Development (OECD) on Monday bashed Colombia’s tax system for being inefficient and benefiting the rich while discouraging investment and job creation.
A recently proposed tax reform in Colombia that includes a controversial wealth tax received approval by the International Monetary Fund.
The Colombian government has made concessions to concerned business leaders over a controversial new wealth tax, stressing the tax is only temporary, business association ANDI said Wednesday.
Colombia’s minister of finance stated this weekend that Colombians are hiding $50 billion abroad in an attempt to avoid paying taxes over their assets.
The Colombian government announced on Wednesday that Panama will again be removed from a list of tax havens after the neighbors reached agreement on Panamanian support to combat tax evasion in Colombia.
After declaring Panama a “tax haven” for its failure to sign an agreement on the exchange of tax information, finance ministers from both countries met in Washington this week to…
Colombia has put neighbor Panama on a blacklist of countries that fail to inform Bogota over Colombians’ assets and money parked abroad, the Colombian tax director said Wednesday.
The Colombian government sent a tax bill to Congress with which it will raise taxes on the rich in order to close the fiscal gap for the 2015 national budget, decrease inequality…
A four-year tax hike proposed by Colombia’s government will be insufficient to cover the $6.5 billion budget gap, according to an analysis by an economic think tank.