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Board defends Cofina deal
While the entity argues that it avoids a legal battle, citizens and unions allege that it will affect the government
Archival note
This content was published more than 6 years ago.
17 de enero de 2019 - 9:55 AM
The agreement that will divide the Sales and Use Tax (SUT) revenues between the Sales Tax Financing Corporation (Cofina, Spanish acronym) and the central government, - and that in turn would serve to modify almost $ 18 billion to be paid through that tax - may not be the best deal in economic terms, but it is the most "reasonable" solution to avoid a years-long legal dispute that could drain the government´s already limited funds.
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