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Bolivia: The “Gasolizano”: Government Increases Taxes on Fuel

Categories: Latin America, Bolivia, Economics & Business, Governance, Politics, Protest

Greg Weeks from Two Weeks Notice [1] writes: “The Bolivian government drastically increased taxes on fuel, by over 70%.  It did so for rational capitalist reasons, namely that higher prices in neighboring countries had fostered a thriving black market.  However, the official reasoning leaves something to be desired”