Capital is a production power accumulated by the past investment.

First, the bill allows for indexation of past investments.

And giving a tax break on past investment does nothing to spur future investment.

How would it promote future investment to cut taxes on past investment?

The question of what time period to use as the base of past investment will certainly lead to heavy-duty lobbying.

You state that reform directed toward past investments "couldn't possibly spur future investment."

The companies listed below represent both current and past investments.

Its only purpose would be to hand wealthy families windfall profits on past investments.

How else can he explain his plan to cut the capital gains tax on past investments?

According to the minister, Colombia should already have reached full drinking water coverage, given the past investments in the sector.