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Colombia's new government proposes new taxes on wealth, oil

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Reuters

Reuters

Latin American politics update today:

Colombia's new government proposes tax bill to fund social programs

Bogotá – On Monday, Colombia's new leftist government , formally introduced tax reform bills to lawmakers, which will raise revenues for anti-poverty programs, raising nearly 25 trillion pesos ($5.76 billion), equivalent to 1.72% of gross domestic product, in 2023 .

Finance Minister Jose Antonio Ocampo said the bill would ultimately add about $11.53 billion a year to the government's coffers, with revenues gradually increasing as the law comes into effect.

Funds raised by high-income individuals and surcharges on coal and oil exports are directed toward ambitious social programmes, including efforts to end hunger. increase. Aid to public universities and non-pension seniors.

Colombia's Petro hosts Chile's Bolić after taking office

Bogota – As president, in his first bilateral meeting with another South American leader, Colombia's newly Inaugural President Gustavo Petro met with his Chilean counterpart, Gabriel Boric.

The two discussed clean energy, regional integration, peace, immigration and organized crime in Colombia, they told journalists.

"In particular, we discussed the revitalization of the Andean community," said Petro, referring to a free trade group made up of Colombia, Bolivia, Ecuador and Peru, which once included Venezuela and Chile. was The latter is an associate member.

Lula's lead narrows to single digits in Brazilian race - poll

Brasilia – Former President Luis Inacio Lula da Silva's lead over incumbent Jair Bolsonaro Ahead of the October elections, according to a new poll that has shrunk to seven percentage points.

His BTG/FSB telephone poll last month showed his support for left-wing leaders at 41%, compared with his 34% for his far-right opponents. Last month they were 44% and 31% respectively.

Polls show Lula's lead has dropped steadily to seven points from last month's 13 points and his May's 14 points.

Honduras considers moving Israeli embassy back from Jerusalem to Tel Aviv: Foreign Minister

Tegucigalpa – Honduran government to move Israeli embassy back from Jerusalem to Tel Aviv are considering. Tegucigalpa will follow in the footsteps of the United States, Foreign Minister Enrique Reina said.

The Israeli embassy in the country of Central America announced in mid-2021 that former President Juan Orlando, who is considered a loyal ally of Washington, has decided to move into 2021. Moved to Jerusalem in the middle of the year. extradited to the United States on drug trafficking charges.

Bolsonaro election concerns slow US Javelin missile sales to Brazil

Washington/Rio de Janeiro – Brazilian military to buy $100 million worth of Javelin anti-tank missiles Multiple U.S. sources told Reuters because of U.S. lawmakers' concerns about far-right President Jair Bolsonaro, including his attack on Brazil's electoral system, whose demands have stalled in Washington.

Brazil's bid to acquire some 220 Javelins was originally made while Bolsonaro's ally, former President Donald Trump, was in the White House. The State Department approved the proposal late last year, despite opposition from senior U.S. officials, according to two people familiar with the matter.

(Edited by Steven Grattan and Brendan O'Boyle; edited by Marguerita Choy and Sam Holmes)