Responsible Stewardship of Wealth Hub
COLOMBIA: Congress approves Bill establishing 'equity tax' on wealth
The Colombian legislature has approved the government's tax reform Bill creating a permanent equity tax to be levied on 1 January of each year on individuals with a net worth above about USD611,000. Colombian-resident individuals will be taxed on their worldwide net worth. Non-resident individuals will be taxed only on their Colombian assets, excluding shares in Colombian companies. The rate will range from 0.5 to 1.5 per cent until 2026 and then be capped at 1 per cent. Capital gains tax will rise from 10 to 15 per cent for resident and non-resident companies and individuals.
STEP Journal: Responsible stewardship of wealth
Gina M Pereira TEP and Philip Marcovici TEP emphasise the importance of helping families meet near‑term needs while preparing for long‑term success.
Responsible stewardship is interwoven throughout the fabric of society. It informs the way we plan for our immediate and long-term needs, the needs of our current family members and future generations. This Guide, sponsored by IQ-EQ, seeks to engender a discussion on responsible stewardship and what it means for wealth holders. It does not attempt to provide answers, but rather to provoke thought and raise awareness of the opportunities available to wealth owners to be guided by stewardship principles and values.
Business families need to rethink what wealth may entail – be it the good life or living life meaningfully. Sustainable companies are best positioned to survive and thrive making sustainability a highly relevant consideration for every family business and their trusted advisers right now. This panel of speakers look at an integrated approach to developing successful, sustainable practices within a family business, explore the importance of family business values in achieving this, and look at how these values are identified and integrated on a practical level.
A guide to family dialogues on the responsible stewardship of wealth
Our guide seeks to engender a discussion on responsible stewardship and what it means for wealth holders, provoking thought and raising awareness of the opportunities available to wealth owners to be guided by stewardship principles and values.
Explore related Special Interest Groups
Family businesses are an inherently sustainable business model; our Business Families SIG on what makes business families distinct and their particular challenges. Our Philanthropy Advisors SIG focuses on enhancing the strategic nature of giving and social investing. Find out more