The message from businessmen regarding the wealth tax that will take effect soon
Businessmen have expressed their concern about the adjustment of the wealth tax that will take effect on April 1. Natalia Gutiérrez, president of the Business Council, spoke on A lo que vinimos on behalf of her colleagues.
TL;DR
- Business leaders are concerned about a wealth tax adjustment starting April 1.
- The tax targets companies with over 10.4 billion pesos in assets.
- Over 15,000 companies and more than three million jobs could be affected.
- Concerns include asset sales, debt, reduced operations, and layoffs.
- The legality of the emergency measure is questioned.
- Businessmen believe government budget and risk unit resources can cover the winter emergency.
- The tax is seen as a way to cover a fiscal gap from a failed tax reform.