RE:What is the news?new lefist government has carried thru with their threat for a new tax regime by formally proposing the following (and it reads that they may have the support to do it)..see below...don't kill the messenger..dwdc 1)levy a 10% tax on exports of coal, oil and gold on income earned when each commodity exceeds a certain price threshold-for oil its above $48 per bbl... 2)The payment of royalties by commodity companies would no longer be deductible from their income tax payments under the bill...
3)Oil and coal are the country's top exports and source of royalties. Colombian President Gustavo Petro has promised to bar all new oil development and move the country away from coal production...