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The same day as his historic inauguration on August 7, the newly-elected President of Colombia Gustavo Petro will introduce his ambitious tax reform bill to Congress. The proposed legislation would collect $50 trillion Colombian pesos annually – approximately $12.5 billion USD – through a new, progressive tax system. It is an unprecedented sum of money More
The post The Proposed Wealth Tax on Colombia’s 4,700 Richest People Would Raise $1 Billion appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Omar Ocampo.