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Colombia tax bill to redistribute wealth, says Santos

Monday, April 30, 2012

Colombia will send a tax bill to Congress in the next few days that will seek to improve wealth distribution, President Juan Manuel Santos said.

“We have sufficient funds, we don’t need more funds,” Santos said yesterday, according to a statement on the presidential website.

“Our tax system doesn’t help to improve wealth distribution and what we want is for our system to be fair.”

Source: Bloomberg