A proposed law currently awaiting approval by Colombia’s legislature has caused a stir by threatening to change the fiscal status of the distilled liquor industry, modifying as well the tax regime for the consumption of distilled beverages. Across Colombia, governors and liquor-makers have presented joint proposals that try to preserve the existing monopoly on sales and tax collection, which accounts for significant amounts of income, designated to be spent on health and education.
“Local ‘departamentos’ (counties) receive a greater share of the money collected as taxes on consumption, which could be seriously threatened by the implementation of this proposed new law. We are embarking on a unified effort between several departamentos in order to present our own proposals.
“We agree with the country’s liquor-makers, backed by governors and other agencies, in that the monopoly should be defended on constitutional grounds against the proposed law”, said Lácides Robles, Deputy Director for the National Federation of Departamentos (FND).
The Liquor commission will meet this Tuesday in Medellin to defend this position before the Foreign Trade Ministry, before the law proposal is heard by the Congress on February 15th.
Full content: El Diario
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Geradin Partners Expands Paris Office with Key Hire
Aug 30, 2024 by
CPI
Judge Accuses Google of ‘Clear Abuse’ in Antitrust Case Over Deleted Employee Chats
Aug 29, 2024 by
CPI
Hong Kong Cleaning Company Employee Charged in Historic Antitrust Investigation Case
Aug 29, 2024 by
CPI
Inside the Yelp Suit: Allegations of Google’s Abuse of Search Power
Aug 29, 2024 by
CPI
AI Safety Bill Clears Hurdle in California, Heads to Governor’s Desk
Aug 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich