José Ignacio López, executive managing director and head of economic research at Corficolombiana: “The new administration’s tax proposal moves in the right direction in some respects but falls short at trying to rebalance Colombia’s tax structure, which is skewed against businesses. The proposal seeks 1.7 percent of GDP in additional revenue, of which 0.8 percent of GDP corresponds to higher corporate taxes. The reform would make the tax system more progressive, as it would raise the effective tax rate of the wealthiest 2 percent of households. However, given that the bill raises taxes on dividends and capital gains while maintaining the 35 percent corporate tax rate—among the highest in the region—if approved in its current form, it would discourage new investments in the country, and therefore growth and job creation in the formal sector. We expect that during the next few weeks, the government will…”
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Diego Arria
Director,
Columbus Group
Merike Blofield
Professor of Political Science,
University of Hamburg
Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies
Joyce Chang
Global Head of Research,
J.P. Morgan
Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)
Peter Hakim
President Emeritus,
Inter-American Dialogue
Donna Hrinak
Director,
Adtalem Global Education
Jon E. Huenemann
Council Member,
GLG Inc.
James R. Jones
Chairman,
Monarch Global Strategies
Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil
Barbara Kotschwar
Professor of Political Economy,
Georgetown University
John Maisto
Director,
US Education Finance Group
Nicolas Mariscal
Chairman,
Grupo Marhnos
Thomas F. McLarty III
Chairman,
McLarty Associates
Beatrice Rangel
Director,
AMLA Consulting
Ernesto Revilla
Head of Latin American Economics, Citi
Gustavo Roosen
President,
IESA
Andrés Rozental
President, Rozental &
Asociados
Shelly Shetty
Managing Director,
Sovereigns, Fitch
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