President Arévalo Urged to Veto IUSI Law Reform
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Insights by Echo AI
The Guatemalan Congress has passed a reform to the IUSI law, eliminating the tax for residential and mixed-use properties. Critics argue this move favors property owners at the expense of municipalities, which rely on IUSI for a significant portion of their income. The reform could lead to reduced municipal services and increased corruption. President Arévalo is urged to veto the law, with some suggesting a compromise of setting the rate at 3 or 6 percent.
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