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New project in Colombia’s Congress could take US$1 / barrel off operating profits

Thursday, September 13th, 2012 Category: Regulations & Policy
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Business newspaper Portafolio reports that a project sponsored by high-profile congressman Simón Gaviria and colleague Jaime Rodríguez would allow municipalities to charge mining and hydrocarbons companies a local “Industry and Commerce” tax known as ICA.

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