Colombia: Parable of a Reform

Many considerations shape and color a country’s decision to pursue tax reform. Fiscal concerns, taxpayer equity, investment incentives, and global competitiveness are typical issues. With BEPS 2.0 on the doorstep, these factors seem overshadowed by the drive for global harmonization.  Even in “normal” tax reform circumstances, what happens if the balance of factors isn’t quite right? If timing—which, as we know, can be everything—is just a little off? Multiply by as much as 140, throw in some time pressure, and what do you get?

Ricardo Ruiz, partner in charge of Tax and Legal from KPMG in Colombia, and Cesar Barrero, lead partner for the Legal group for KPMG in Colombia, join Kim Majure and Kortney Wallace to discuss the stutter steps of Colombian Tax Reform, and learnings for the wide-scale changes ahead. 

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