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"Raising VAT on hybrids and electric vehicles from 5% to 19% is excessive and the effect could backfire"

FinanceColombiaLa República15 s readAI summary

Ricardo Salazar, manager of Los Coches, warns that raising VAT on hybrid and electric vehicles from 5% to 19% is an "excessive" measure and that its effect could be the opposite of the intended one: contracting demand, reducing tax revenue and putting jobs at risk.

Read the full story at La República

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

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