Fenalco alerts Gustavo Petro about a tax that threatens 250,000 stores and more Latest news here

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The National Federation of Traders (Fenalco) pointed out that the latest economic study of traders carried out in August by Fenaltiendas, evidence that this segment of commerce has not achieved the growth momentum it had before the pandemic. Inflation has undermined productivity and hurt your wallet.

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According to the results of the study, more than half of merchants reported having a lower level of sales than they had before the pandemic, which particularly affects women, who represent 52% of the owners of these businesses.

(Read also: Eye, smokers: the tax that would go into the tax reform will make them cough)

In this context, they indicated that the tax on drinks, snacks (potatoes, biscuits, cakes) proposed by Gustavo Petro’s tax reform, This would substantially increase the prices of products that have the most in-store sales and are the most profitable.

“Although the formal trade has managed with great effort to overcome the obstacles, not only of the pandemic, but of subsequent events; convenience stores, which are mostly (95%) in strata 1, 2 and 3, are lagging behind, in particular because this year the rise in food and drink prices has been sharp smell (between 15 and 30%)”, explains Fenalco.

Healthy taxes would put stores in Colombia at risk

In the opinion of Jaime Alberto Cabal, president of Fenalco, the arrival of new taxes that directly affect the revenues and profits of the stores would threaten the survival of traders and their familieswhich could mean that, in the event of this reality, 52% would permanently close their business. This is equivalent to 250,000 neighborhood stores.

This situation becomes more complicated if one takes into account the fact that for more than 90% of traders in Colombia, their trade is the main or only source of incomefrom which lives his family unit, composed on average of four people.

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“We call on government and industry to continue from both public and private sectors to support small businesses, on which nearly 2,000,000 people depend,” the spokesperson for traders concluded.

In this regard, the Minister of Finance, José Antonio Ocampo, said a few weeks ago that they will look into this aspect, after the stir that the announcement of the measure caused. “We are thinking about this issue of the public health tax. We have not made any decision, we are discussing it with the food and sugary drinks sector”he said in statements collected by Ray snail.

Fenalco alerts Gustavo Petro to a tax that threatens 250,000 stores
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