Colombia Plans Emergency Tax on 15,000 Firms for Floods

Key Points — Finance Minister Germán Ávila announced a wealth tax on companies with net assets above COP 10.4 billion, at rates of 0.6% to 1.2%, targeting 15,000 firms to raise COP 8 trillion for flood relief in Córdoba. — The measure would come under a fourth state of exception — after the Constitutional Court […]