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Confidence Data Due, Tax Bill Ties Oil Export Tax To International Prices

COLOMBIA
  • As noted yesterday, congress is likely to approve the government’s tax bill next week, which will raise revenue by about 20 trillion pesos in 2023, President Gustavo Petro said in an audio message sent by the presidency.
  • Bill will impose a tax on oil and coal exports tied to international prices; the marginal rate will rise as prices increase.
  • Tentatively scheduled data today:
    • Sept. Industrial Confidence, prior 7.1
    • Sept. Retail Confidence, prior 26.9

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