Tens of thousands of Colombians joined protest marches within the country's major cities against proposed tax reform. Protesters took to the streets in resistance to a court order administering that the marches should be delayed since of a current spike in Covid-19 cases.
Demonstrators clashed with riot police in a few cities and one individual is reported to have died in Cali in "an incident related to the demonstration". The government says the reform is key to moderating the economic crisis.
Colombia's gross domestic product (GDP) dropped by 6.8% last year, its most profound crash in half a century. The coronavirus widespread has further driven up its unemployment rate.
The government of President Iván Duque contends that the time has come to extend the taxes it collects if it is to cover its spending. The proposed change would lower the threshold at which salaries are taxed, affecting anyone with a month-to-month salary of $656 or more.
Apply Now. Hodler Capital Group will build your business website. We will show you how to establish business credit and access business financing with one on one support. Contact us now and start building your business for the future.