Colombia's New President Abelardo De La Espriella Announces Tax Reform to Eliminate Wealth Tax

President Abelardo De La Espriella of Colombia has announced a tax reform that includes the elimination of the wealth tax. The reform aims to simplify the tax system, combat tax evasion, and improve conditions for investment, production, and employment. The president made the announcement during his inauguration speech and stated that the reform will be one of the first measures of his administration to reorganize public finances and modify the country's tax scheme. The elimination of the wealth tax has received positive reactions from experts and representatives of the business sector, who consider that this tax can affect investment, encourage capital flight, and limit economic growth.