Colombia’s president withdraws tax reform after protests

BOGOTA (Reuters) – Colombian President Ivan Duque said on Sunday he would withdraw a proposed tax reform after sometimes violent protests and widespread lawmaker opposition.




© Reuters/LUISA GONZALEZ
FILE PHOTO: Protest against the tax reform, in Bogota

Duque said on Friday the law would be revised to remove some of its most controversial points – including the leveling of sales tax on utilities and some food – but the government had previously insisted it could not be withdrawn.




© Reuters/LUISA GONZALEZ
FILE PHOTO: Protest against the tax reform, in Bogota

Protests against the reform have led to multiple deaths around the country.

“I am asking Congress to withdraw the law proposed by the finance ministry and urgently process a new law that is the fruit of consensus, in order to avoid financial uncertainty,” Duque said in a video.




© Reuters/LUISA GONZALEZ
FILE PHOTO: Protest against the tax reform, in Bogota

(Reporting by Julia Symmes Cobb; Editing by Lisa Shumaker)

Source: Thanks msn.com