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Colombia tax reform to target high-earners, says incoming agency head
BOGOTA, July 14 (Reuters) – A tax reform proposed by Colombia’s President-elect Gustavo Petro will raise $10.9 billion annually by using a progressive income tax, the elimination of enterprise exemptions, and tackling evasion, his incoming tax agency head said on Thursday. Petro, a leftist who will take office subsequent thirty day period on guarantees of generous social systems, this 7 days named 38-12 months-aged economics professor Luis Carlos Reyes to head the DIAN tax and customs agency. Reyes will be tasked with employing the 50-trillion-peso reform need to it go congress, wherever Petro has built a broad coalition of leftist functions and the centrist Liberals. Register now for Free of…