NewsWhore
05-23-2008, 02:30 PM
Former Central Bank governor Carlos Despradel doesn't believe that a new fiscal reform, code for tax increase, is the best option for the Dominican government. Despradel believes that the government needs to get a better grip on public spending and do so more efficiently. Despradel feels that in some cases taxes are excessive and added that there is no way that more money should be squeezed out of taxpayers. The former governor understands that raising taxes is the easiest way to tackle some of the issues caused by external pressures, but added that this is not necessary considering that the government has doubled its tax revenues in the last three years, up from RD$135.5 billion in 2004 to RD$272.6 billion in 2007. This represents an increase of 101.1%. Despradel added that tax revenues increased even though general prices also went up. He says that this shows that it's not an issue of revenues and money, but how the money is managed.
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More... (http://www.dr1.com/index.html#5)