The under-reporting of pay-TV subscriptions is far from a new phenomenon, but now the head of Colombia’s tax-evasion officials reckon that cable TV operators in the country are responsible for $50.6 million in unpaid taxes due to their understating of revenues.

The allegations directly concern some 3.2 million pay-TV subscribers in the country, and the Comptroller General’s office in Colombia says the differences come about following an analysis of the numbers reported by the Communications Regulation Commission and Colombia’s National Television Authority (ANTV).

The CG explained that “one of the causes of underreporting is the tax asymmetry between telecommunications services” and pay-TV operators along with a “lack of convergent regulation” in the sectors. The money raised by the ANTV is used for the maintenance and financing of public TV in Colombia and its educational and cultural contents, explains the official statement.

Other posts by :

1. Italy joins Germany in IRIS2 alternate thoughts
2. Kazakhstan to create museum at Yuri Gagarin launch site
3. AST SpaceMobile gets $42 or $1500 price target
4. Analyst: GEO bloodbath taking place
5. SES AGM results: Appaloosa still objecting
6. SpaceX’s Shotwell worth $1.2bn
7. SpinLaunch’s revolutionary plan for 280 satellites
8. Consolidation impacts satellite sector
9. Project Kuiper plans first satellite launch

Categories: Articles, Pay TV