Effect of tax reforms on colombian business sustainability (2012-2018)

Abstract

The article aims to present an analysis of the effect generated by tax reforms in recent years on the sustainability of companies in Colombia. The methodological development was carried out under an analytical exploratory approach with secondary sources of information, which seeks to review the objectives in the enactment of tax laws, and the main changes that motivated them, to determine how they affect the sustainability of companies . The results that were found are mainly based on the fact that the tax burden for Colombian companies is one of the highest in the world, which undoubtedly affects investment and competitiveness. With the latest reforms changes are achieved but not stable, which generates legal uncertainty against investments. In the conclusions it was established that Colombia, have been characterized by the increase in the tax burden, which has generated tax revenues, which positively influences the obligations and investments of the state, but, which affects consumption, formalization, investment and Business sustainability.