Colombia's new leftist government on Monday formally proposed a tax reform bill to lawmakers which would raise some 25 trillion pesos ($5.76 billion) in 2023, equivalent to some 1.72% of gross domestic product, in an effort to increase revenue for anti-poverty programs.
Finance Minister Jose Antonio Ocampo said the bill would eventually add some $11.53 billion annually to government coffers, with revenue gradually climbing as the legislation comes into force.
