Franklin Leon called for fiscal equity

[NewsWhore]

In his keynote address, "Competitiveness as the Foundation for Business Success: The Case of the Cerveceria Nacional Dominicana" at the American Chamber of Commerce monthly luncheon meeting, the president of the Presidente beer brewery Franklin Leon called for fiscal equity so that companies may compete. He said that the DR is still a country where taxes are paid by a reduced number of companies. He said this affects their price structure and market yield, and has a direct impact on the capacity of companies to offer quality products abroad at competitive prices. He went on to say that the National Development Strategy has shown that the DR's competitive disadvantages are deficiencies in education, health, production and operational costs, and electricity problems. To this, he added lack of citizen safety, corruption and drug trafficking as negatives. He says all these impact the capacity of companies to compete and attract investments. He called for the public and private sectors to take actions to strengthen the country's competitive capacity.

Leon said there was a need for an emphasis on education, the labor force, macroeconomic stability and electricity service. He also called for the government to establish the rule of the law and fight corruption.

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