The IFR Colombia Capital Markets Roundtable took place on August 5, just as the country’s Congress was considering a tax reform bill expected to bring in Ps15trn (US$4bn) a year into the government’s coffers. The new law, however, was a watered-down version of earlier plans that would have brought in 50% more in tax receipts. Initial plans were met with violent street protests and the resignation of the economy minister. The updated bill targets companies, rather than the consumer, households and individuals that had, at first, been set to bear...Read more