Colombia’s Minister of Finance, Juan Carlos Echeverry, stated today at an academic event sponsored by Fedesarrollo that the country’s tax system would be completely streamlined, with corporate tax rates most likely falling to 27% from their current level of 33%.  He emphasized that the main goal of the tax reform was to achieve greater equality in the country, while consolidating a clean and attractive framework for national and international investors.

The new tax law will be presented to Colombia’s Congress on July 20, 2012.