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VAT on this product in the Rescue Law would boost smuggling's multimillion-dollar profits

FinanceColombiaValora Analitik10 s readAI summary
Image: Valora Analitik

According to the report, applying VAT to a product under the framework of the Rescue Law would increase smuggling's multimillion-dollar profits. The text warns that if the tax reaches considerably higher levels, fiscal revenue could fall by up to 75%.

Read the full story at Valora Analitik

IASummary generated by artificial intelligence from a story by Valora Analitik. It may contain errors: the original source prevails.

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