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| 6/18/2009 12:00:00 AM

Colombia's President Wants To Make War Tax On Assets Permanent

Jun 18 -- The Colombian government will send to Congress a new tax bill that seeks to make permanent an existing war tax on assets, Colombia's president Alvaro Uribe said Wednesday.

Currently, the asset tax - which is meant to finance military spending - is due to expire in December 2010.

"Even if the implementation starts on 2011, I believe it's responsible to announce the problem, anticipate the debate and make decisions, even if it's for the future," Uribe said in a speech in a conference held in Bogota.
 
Read morehere.
 
 
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