London Daily

Focus on the big picture.
Thursday, Aug 28, 2025

President Duque withdraws controversial tax reform bill that sparked protests in Colombia

President Duque withdraws controversial tax reform bill that sparked protests in Colombia

The tax reform bill presented to Congress on April 15, triggered social protests and disorders in the last 4 days in Colombia.
Colombian President Iván Duque announced this Sunday the withdrawal of the tax reform bill presented to Congress on April 15, which triggered the social protests and disorders of the last four days in the country.

"I ask the Congress of the Republic to withdraw the project filed by the Ministry of Finance and urgently process a new project as a result of consensus and thus avoid financial uncertainty," Duque said in a statement at the Casa de Nariño, headquarters of the government.

The decision of the head of state comes after the massive four-day protests against that initiative left at least five people dead, although different social organizations denounce that there are more.

Duque explained that he spoke with the different political parties, production unions and other sectors of the population and that the new tax reform project that will be presented to Congress will include the proposals that came out of those dialogues.

In that direction, he indicated that the project will incorporate a temporary income surcharge to companies, extend the wealth tax temporarily, increase the tax on dividends temporarily and create an income surcharge for people with higher incomes, among others.

"The reform is not a whim. The reform is a necessity. To withdraw it or not, was not the discussion. The real discussion is to be able to guarantee the continuity of social programs," he said.

Among these, he mentioned the extension of the Solidarity Income, which today benefits more than 3.4 million households and offers free university education to young university students from the lowest social strata.

Duque emphasized that it also seeks to extend the payroll subsidy through the Formal Employment Support Program (PAEF), which "has benefited about 3.5 million workers.

He also said that they should continue to seek that the Value Added Tax (VAT) can be returned to "the most vulnerable households."

The original proposal included broadening the tax base to include those who earn the least among those who pay taxes and taxing middle and upper class public services with VAT of 19%, among other measures that were the trigger for the protests. in all the country.

In Bogotá and mainly in Cali, the demonstrations ended in vandalism against public transport, banks and shops, and even against ambulances.

"The path of a consensus clears perceptions and allows us to say clearly that there will be no increase in VAT for goods and services nor will the existing rules be changed. It is also clear that no one who does not pay income tax will pay that tax," he stressed today.
Comments

Oh ya 4 year ago
19%VAT tax? Maybe the country needs to start living within its means. But as goverments go bankrupt from handing out free money (USA) you can expect this in more countries

Newsletter

Related Articles

0:00
0:00
Close
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
Labour set to freeze income tax thresholds in long-term 'stealth' tax raid
Coca‑Cola explores sale of Costa coffee chain
Trial hears dog walker was chased and fatally stabbed by trio
Restaurateur resigns from government hospitality council over tax criticism
Spanish City funfair shut after serious ride injury
Suspected arson at Ilford restaurant leaves three in critical condition
Tottenham beat Manchester City to go top of Premier League
Bank holiday heatwave to hit 30°C before remnants of Hurricane Erin arrive
UK to deploy immigration advisers to West Africa to block fake visas
×