De la Espriella proposes to legalize 10% of illegal capital to carry out tax reform

Abelardo de la Espriella put forward his proposals to make a transformation in tax collections, necessary to maintain the social programs created during the pandemic, in an interview with Semana; noted that the banks are the ones who must pay the tax reform, that now will be built with the ideas of all citizens, but raised other points that for him would help the country.

One of those, and the most controversial as he said, is that the legalize 10% of illegal goods from drug trafficking, illegal mining and other crimes, in order for criminals to hand over 90% of their assets.

“We say to those people: ‘He pays me 3 years in prison, I don’t extradite him, but if he lies to me or hides some good from me, he sent him to the United States.” Do you know what we would do with that money? We would carry out two tax reforms and we would industrialize the countryside ”, assured the lawyer.

Abelardo de la Espriella’s proposals for tax reform

In addition to the legalization of illegal goods, the criminal lawyer – who will launch a clothing brand – assured in the magazine that banks are the ones that “must put up” the most to carry out the project, Well, he said, they have some “usurious” interest rates and their earnings are “obscene”.

“They are the most expensive rates in the world. Our financial system is not really financial, it is extractive. It is the banks that have to put their hands in their pockets ”, added De la Espriella.

(Also read: New tax reform would not mess with the middle class, promises Minister of Finance)

The 20 largest companies in Colombia should also support the tax reform, said the lawyer, who also proposed reducing the state to 50%.

In his consideration, the VAT should remain at 8% for all products and more people should pay taxes, because – he said – only 5% of the population pays 95% of taxes and 65% “do not report to the Dian because they are in the informal sector.”

Finally, the lawyer asked for an update of the cadastre, so that “what is due is paid.”

It is not yet known what the new tax reform bill that the government will present to Congress in July will look like. However, the new Finance Minister, José Manuel Restrepo (appointed after the resignation of Alberto Carrasquilla), has had meetings with various sectors to create it.

Next, the video where De la Espriella launches his proposals for the tax reform:

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