Question

In three to four sentence explain why Columbia's economy is not growing faster and what the government is planning to do about this.

Help! >m

Answer 1

Issues of tax evasion

In October 2016, the country's government proposed a number of reforms to improve tax administration. Colombia's government increased its VAT[1. ... The increased taxes appear to have impacted the country's consumption levels in 1Q17, resulting in lower growth across the economy's sectors

Answer 2

Columbia’s economy is not developing and thriving due to the issues of tax evasion the government in 2016 proposed numerous times that the gov will improve tax administration increased taxes have impacted the countries consumption levels