Government Policy - Colombia's finance ministry is shelving a proposal to impose a withholding tax on digital payments [1] Industry Reaction - The decision follows a backlash from industry groups and businesses [1]

A Colombian government proposal to charge withholding tax on digital transactions risks strangling the central bank’s plan to cut the use of cash and revolutionize the payments system. https://t.co/d9ohCgcsih ...

Market Impact - Turkey's plan to eliminate withholding tax exemption on specific mutual funds will affect 84 funds [1] - The affected mutual funds manage approximately 71 billion liras, equivalent to $2.1 billion [1]