Impact of Tax Reforms on The Competitiveness of Companies in Colombia from 2002 to 2021

Abstract

      This article analyzes the impact of tax reforms on business competitiveness in Colombia during the 2002–2022 period. These reforms have been implemented with various goals, from increasing tax revenue to promoting equity, and have directly influenced the environment in which companies operate. The objective of the study is to assess how changes in the fiscal framework have affected companies’ ability to grow, innovate, and compete both nationally and internationally. The research is developed in three stages: first, the main changes introduced by tax reforms during the analyzed period are identified and characterized; second, their relationship with business investment and foreign capital inflow is examined; and finally, their influence on competitiveness is evaluated, considering aspects such as innovation, operational efficiency, and adaptation to international standards. Through a documentary and contextual analysis, the article aims to provide a comprehensive view of the effects these fiscal policies have had on Colombia’s business dynamics. The findings highlight the need for greater stability and coherence in tax reforms to foster an environment conducive to sustainable economic development.