ANADIVE says no

[NewsWhore]

The National Association of Vehicle Distributors (ANADIVE) has voiced its opposition to a bill aimed at increasing taxes on vehicles as one option being considered for paying for the proposed wage increase for public sector doctors. According to ANADIVE, car sales have already dropped 50% since 2007, mainly due to the increase in interest rates. According to ANADIVE director Luis Taveras, 60% of a car's price consists of taxes, while vehicles also pay 20% customs tax, a 16% ITBIS (VAT) tax and a 2% transfer tax. He went on to say that during the last fiscal reform of 2006 the cost of a vehicle's initial registration was upped to 17%. Taveras said the sector could not sustain any more taxes.

More... (http://www.dr1.com/index.html#11)