A recently proposed tax reform in Colombia that includes a controversial wealth tax received approval by the International Monetary Fund.
A boom in foreign direct investment (FDI) between 2010 and 2013 has come to an end as the government announces an expected drop in foreign investment for both 2014 and 2015.
President Juan Manuel Santos signed off on the 2015’s fiscal budget for Colombia which funding relies on the approval of a controversial tax reform.
Colombia’s 2015 government budget was made assuming oil prices would not fall below $98 per barrel. However, with the oil price sitting at around $66 per barrel, the government is left with a huge Full Article »
Panama will seek arbitration in a dispute with Colombia over textile tariffs which Panama City says violate WTO trade regulations.
The Colombian government has made concessions to concerned business leaders over a controversial new wealth tax, stressing the tax is only temporary, business association ANDI said Wednesday.