Colombia’s president backtracks on tax reform after violent protests

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Loss of the tax reform poses a threat to the country's investment-grade credit rating

Demonstrators take part in a protest against the tax reform of President Ivan Duque's government in Bogota, Colombia, May 1 2021. Picture: REUTERS/LUISA GONZALEZ

Protests against the reform have led to several deaths around the country since they began on Wednesday. Political parties, local officials, business leaders and civil society have contributed valuable ideas over the last several days, he said. “It is the youth, social organisations and mobilised citizens who have seen deaths and defeated the government,” leftist senator Ivan Cepeda said on Twitter. “May the government not present the same reform with make-up. The citizens won't accept tricks.”

 

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