Tax reform: Andi’s transitional proposals

Suspending the ICA discount and postponing the income tax benefit for companies are some of the proposals made by the Andi.

The newspaper Portafolio highlights the ideas put forward by the National Association of Businessmen -Andi-, so that the resources needed through a tax reform come from suspending the ICA discount ($5.2 billion) and postponing the corporate income tax benefit ($6.2 billion).

For individuals, a wealth tax for two years ($1 billion). With that, he calculates, $12.4 billion could be collected on a recurring basis.

In this regard, Bruce Mac Master, president of the Andi, has said: “our proposal implies an important sacrifice in terms of competitiveness and an increase in the effective tax rate of the business sector. Therefore, the proposal itself is of a transitory nature and should only be in force as long as the health emergency conditions derived from the pandemic persist.

The above statements have also been echoed by the National Business Council, which has emphasized the need for the Government to reduce tax evasion and avoidance, as well as a more ambitious plan to reduce government spending.

Source: Actualícese