One sign of the government’s willingness to make some limited concessions to its critics was an announcement that last year’s tax reforms – designed to raise annual government revenues equivalent to 3% of GDP to fund health and education reforms – are being simplified. After a series of meetings with congressional business leaders the government says it will now submit a new bill simplifying tax assessment, particularly for small and medium sized enterprises (SMEs). Finance Minister Rodrigo Valdés said “This isn’t a reform within the reform. It is just the culmination of a process. We don’t want to open more discussions on tax, we just want simplifications.”

More recent briefings & intelligence

Becoming a member at Canning House

By joining as an individual member you’ll have the opportunity to access our wide range of public events at a discounted rate, as well as additional benefits such as online access to in-depth reports, webinar recordings and This Week in Latin America news articles.

Join now

Find out more about our membership plans

Sign up to our newsletter

Get the latest information on upcoming Canning House events and other events related to Latin America and Iberia across the UK and beyond.