Wealth Tax: Why Colombia Could Be Less Than 10 Days Away From 'Unprecedented' Economic Deterioration?

TL;DR

Natalia Gutiérrez Jaramillo, head of Acolgen, warns of severe economic consequences from a new wealth tax.
The tax, established by Decree 173 of 2026, is due for its first payment on April 1st.
Gutiérrez argues the tax unfairly burdens companies by taxing assets, not real profits, potentially leading to bankruptcy for many.
She believes the government is using the 'climate crisis' to cover a budget deficit rather than reducing public spending.
The decree could negatively impact companies, leading to debt, reduced investment, and operational challenges.
A request has been made to the Constitutional Court to suspend the decree.

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