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Presentation Of New Tax Reform Bill Met With Further Protests

COLOMBIA
  • Colombia returns from their Independence Day holiday on which President Ivan Duque opened congress's second legislative period of the year.
  • The government formally presented a $3.95 billion tax reform bill to congress. Despite attempts to alleviate any further social unrest, unions and student groups sought to revive the street protests that helped scupper the original bill.
  • The government insists the law is vital at a time of rising debt and an expanding fiscal deficit and must be passed to shore up social programs and allay investor fears about Colombia's medium-term fiscal management.
  • Protesters who gathered in Bogota voiced scepticism about government promises to reform the police and improve opportunities for young people, including a 25% minimum wage subsidy for companies that hire 18 to 28 year olds, a provision in the tax reform. (NP)
  • According to the Bogota mayor's office, several thousand people were gathered at 23 protest locations in the capital.
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