Illustration of Colombian floods with government officials announcing emergency decrees for aid funding amid skeptical onlookers.
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Colombian government issues decrees to address flood emergency

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The Colombian government issued several decrees under the Economic, Social and Ecological Emergency declared due to floods in eight departments, including a 16% tax on digital bets and an $8.6 trillion addition to the 2026 budget. These measures aim to fund aid for victims and revive the local economy. Critics like Andi and AmCham question their impact on investment.

Indian stock markets will implement significant regulatory changes starting April 1, including sharp increases in securities transaction tax on derivatives and stricter collateral requirements for proprietary trading. The securities transaction tax, or STT, will rise by 150% on futures and 50% on options. New Reserve Bank of India rules mandate 100% collateral for bank guarantees in proprietary trading, up from the previous 50%.

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Egypt’s Finance Minister Ahmed Kouchouk announced the mid-April launch of a mobile app offering full real estate tax services electronically, from registration to payment. He spoke during an open discussion with officials from real estate tax regions and offices. Officials also detailed new exemptions, incentives, and procedural simplifications.

The Left Party has uncovered a legal tax loophole that exacerbates wealth inequality between East and West Germany. In the eastern states, there has been no inheritance or gift of business assets exceeding 26 million euros in the past five years. All 105 applications for tax relief since 2021 originate from the old West German territory.

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The local newspaper Dala-Demokraten has released lists of the highest earners in Dalarna's communes, based on 2024 tax declaration data. The richest individuals earn on average 60 times the median wage in the county. The lists reveal significant income disparities across different areas.

President Gustavo Petro explained on his X account that economic reactivation funds will not come from the national budget, but from new taxes. This comes amid Decree 0150 of 2026, declaring an economic, social, and ecological emergency in eight northern Colombian departments due to the climate crisis.

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The Chamber of Deputies plenary approved on Tuesday (10) a bill that temporarily reduces PIS/Pasep and Cofins rates for the chemical and petrochemical industry, with an estimated cost of R$ 3.1 billion in 2026. The measure mainly benefits Braskem and acts as a transition to the new incentives program starting in 2027. The text now goes to the Senate.

 

 

 

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