NewsWhore
07-16-2010, 03:50 PM
Vice President Rafael Alburquerque says that the government does not have plans to impose any new taxes.
Alburquerque said that recent statements by the Minister of Hacienda, Vicente Bengoa, have been misinterpreted, after pointing out that the minister spoke of modifying some laws that could limit the preferential treatment they provide, but not of new taxes or an increase in tax rates.
The business sector has been complaining that the government wants to eliminate incentives for manufacturing under Proindustria Law 392-07. National Business Council president Lisandro Macarrulla says that the formal business sector already carries 26.2% of all taxes, and 75% of all taxes paid by business.
Alburquerque is against reducing government spending because he says it serves to stimulate the economy. He said that this was the right thing to do in recessionary situations in many countries, but that is not the case in this country, because in the first half of the year the economy grew by 7.5% with 150,000 new jobs and a considerable reduction in the jobless rate.
PRD president Miguel Vargas Maldonado said yesterday that he had instructed his party's legislators to oppose any type of tax reform that goes against the best interests of the people. Vargas, together with the PRD Economic Commission, was firm in saying that the administration proposed, through a tax reform, to eliminate tax exemptions to productive sectors and increase the taxes on fuels, modifying Law 112-00 on Hydrocarbons. According to the report presented by the PRD, the administration will increase the tax on diesel fuel by RD$20, on fuel oil RD$13, and by RD$25.14 on fuel oil consumed by non-interconnected generators of electricity. Moreover, they will increase the tax on Avtur by RD$29, and natural gas by RD$25.14, while premium and regular gasoline will be lowered by RD$8.13 and RD$4.71 respectively.
The ruling PLD party has the majority in Congress and can impose any measures with its own legislators' vote.
More... (http://www.dr1.com/index.html#7)
Alburquerque said that recent statements by the Minister of Hacienda, Vicente Bengoa, have been misinterpreted, after pointing out that the minister spoke of modifying some laws that could limit the preferential treatment they provide, but not of new taxes or an increase in tax rates.
The business sector has been complaining that the government wants to eliminate incentives for manufacturing under Proindustria Law 392-07. National Business Council president Lisandro Macarrulla says that the formal business sector already carries 26.2% of all taxes, and 75% of all taxes paid by business.
Alburquerque is against reducing government spending because he says it serves to stimulate the economy. He said that this was the right thing to do in recessionary situations in many countries, but that is not the case in this country, because in the first half of the year the economy grew by 7.5% with 150,000 new jobs and a considerable reduction in the jobless rate.
PRD president Miguel Vargas Maldonado said yesterday that he had instructed his party's legislators to oppose any type of tax reform that goes against the best interests of the people. Vargas, together with the PRD Economic Commission, was firm in saying that the administration proposed, through a tax reform, to eliminate tax exemptions to productive sectors and increase the taxes on fuels, modifying Law 112-00 on Hydrocarbons. According to the report presented by the PRD, the administration will increase the tax on diesel fuel by RD$20, on fuel oil RD$13, and by RD$25.14 on fuel oil consumed by non-interconnected generators of electricity. Moreover, they will increase the tax on Avtur by RD$29, and natural gas by RD$25.14, while premium and regular gasoline will be lowered by RD$8.13 and RD$4.71 respectively.
The ruling PLD party has the majority in Congress and can impose any measures with its own legislators' vote.
More... (http://www.dr1.com/index.html#7)