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Colombia’s President Duque approves new tax reform passed after protests

RIO DE JANEIRO, BRAZIL - Colombian President Iván Duque sanctioned the Social Investment Law on Tuesday (14), the new tax reform approved last week by both houses of Congress, replacing the one that provoked massive demonstrations against him on April 28.

This law aims to raise 15.2 trillion pesos (about 4 billion US dollars) to guarantee the stability of public finances and the reactivation of the economy after the ravages caused by the pandemic in the government's coffers.

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