Colombia tax reform ‘fails to tackle evasion’

Colombia’s chief prosecutor slammed a tax reform on Monday, the day it took effect, claiming the new tax system fails to confront the mass tax evasion that has long undermined the country’s fiscal system.

Prosecutor General Nestor Humberto Martinez sent a letter to the Minister for Finance raising stern objections regarding the extensive reform bill that took effect on January 1.

Source: Colombia Reports