Colombia Plans Wealth Tax on Corporate Assets for Flood Recovery

Colombia's government is set to introduce a wealth tax on corporate assets to finance the reconstruction of areas severely affected by flooding this year. Bloomberg posted on X, highlighting the government's strategy to address the extensive damage caused by the natural disaster. The proposed tax aims to generate necessary funds to support recovery efforts and rebuild infrastructure in the impacted regions. This initiative reflects the government's commitment to restoring normalcy and aiding communities in their recovery process.