A tax reform proposed by Colombia's President-elect Gustavo Petro will raise $10.9 billion annually via a progressive income tax, the elimination of business exemptions, and tackling evasion, his incoming tax agency head said on Thursday.
Petro, a leftist who takes office next month on promises of generous social programs, this week named 38-year-old economics professor Luis Carlos Reyes to head the DIAN tax and customs agency.
