Colombia Must Tax Dividends, Inheritances, Remittances: Petro

Colombia must tax the personal income of large business owners by charging levies on dividends, inheritances, and remittances, President Gustavo Petro said in a post on X.

• Colombia is increasing public spending due to an “unsustainable pension system” and high interest in public debt, Petro says
  • High interest rates are affecting internal debt
• Congress rejected a government-promoted tax reform aimed at increasing levies on the rich: Petro

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