Recently, Finance Minister José Antonio Ocampowrote, for EL TIEMPO, the column ‘The progress represented by the tax reform’, in which he highlights the main points of the initiative that has the title: ‘Tax reform for equality and social justice’.
(Tax would increase the hunger of a million Colombians).
According to Ocampo, “The essential objective of the reform is to respond, through public spending, to the high historical debt with the poorest sectors of the population in one of the countries with the highest levels of inequality in the world”.
Among the most outstanding aspects of the tax is that the Taxes on natural persons are reduced benefits to taxpayers who earn more than $ 13 million per month. “This means that they only increase for the 1.4% with the highest income in the country,” says Ocampo in the print media.
For its part, the wealth tax will be 0.5% for people with more than $3,000 million, 1% for those with more than $5,000 million and 1.5% for those with more than $10,000 million, all rates marginal.
(This is how the collection goals for the tax reform remained).
For the business sector, the minimum rate of 15% is established and “the advantages of the simple regime are significantly expanded, to attract many more micro and small companies to it,” says the Ministry of Finance.
And he adds that the oil and coal sectors “they must contribute extraordinarily to financing the public sector, as they are doing in several countries and as the coffee sector did during its past booms“.
Ocampo concludes his column saying that: “This reform is a step in that direction, towards a more equitable tax system and more resources for social spending.”
BRIEFCASE
With information from THE TIME
