After the approval of the tax reform in the first debate in the economic commissions of the Congress of the Republic, the Minister of Finance, José Antonio Ocampo, confirmed that the Petro government is not going to propose exchange controls or taxes on the income of swallow capital that are transitory and leave the country quickly, as has been feared in recent days.
“Investors should have no fear in that regard.”said the official and added that, on the contrary, “we celebrate that foreign capital is entering the country, through portfolio investment, to put them in TES (public debt securities)”.
Ocampo stressed that this situation of arrival of investors is occurring in the first two months of government and once morest the international trend, which is the outflow of capital from emerging economies like ours.
In the case of Colombia, according to the official, “Investors are showing confidence in the country.”
This Thursday, October 6, only the possibility of imposing a tax on swallowed capital (which arrives in the country for a short time), which was mentioned by President Gustavo Petro on his social networks, wear to a rise in the exchange rate, which was, on average, at 4,629.5 pesos, even reaching maximums of 4,657.4 pesos.
