NewsWhore
09-07-2006, 03:20 PM
Tax Department director Juan Hernandez has told Diario Libre that the government is limited in the scope of fiscal reform. Hernandez favors the government cut spending, reduce tax evasion and remove subsidies. He is also in favor of expanding the number of products that are subject to ITBIS (VAT). He advocates reducing the subsidies to the electricity sector and propane gas, which according to World Bank and Inter-American Development Bank studies would mean government savings of RD$20 billion a year.
Yesterday, in an item in El Caribe, business consultant Freddy Perez advocated that the government lower the ITBIS rate to 10% and expand it to cover all services. He argues that this will reduce evasion and feels it will lead to an increase in government tax collections.
More... (http://www.dr1.com/index.html#7)
Yesterday, in an item in El Caribe, business consultant Freddy Perez advocated that the government lower the ITBIS rate to 10% and expand it to cover all services. He argues that this will reduce evasion and feels it will lead to an increase in government tax collections.
More... (http://www.dr1.com/index.html#7)