NewsWhore
04-26-2011, 03:20 PM
The government will transfer RD$144 million in tax exemptions to the transport unions in order to prevent increases in public car (multi-fare paying taxis) and bus fares due to the increase in the price of petrol on the international markets. A meeting took place at the Ministry of Industry and Commerce (MIC) yesterday to discuss how to provide tax exemptions to the sectors that had not yet received these benefits.
According to El Caribe, the government agreed to exonerate the transport unions from taxes on three million gallons of diesel fuel for a period of three months, after they threatened to increase passenger fares as well as freight charges across the board unless they received some compensation from the government.
The ministry has also started the paperwork needed to install 40 licenses for the sale of natural gas as part of the government measures for tackling the crisis arising from increasing fuel costs as well as the rising costs of basic food products. The exoneration of taxes on diesel fuel would mean a reduction of between 30% and 40% of the taxes on the fuel. Currently there are nearly RD$40.00 of taxes on each gallon of diesel fuel, so a 40% reduction would mean a RD$48 million monthly subsidy for the transporters. El Caribe says it received this information from a source close to the transport sector.
More... (http://www.dr1.com/index.html#2)
According to El Caribe, the government agreed to exonerate the transport unions from taxes on three million gallons of diesel fuel for a period of three months, after they threatened to increase passenger fares as well as freight charges across the board unless they received some compensation from the government.
The ministry has also started the paperwork needed to install 40 licenses for the sale of natural gas as part of the government measures for tackling the crisis arising from increasing fuel costs as well as the rising costs of basic food products. The exoneration of taxes on diesel fuel would mean a reduction of between 30% and 40% of the taxes on the fuel. Currently there are nearly RD$40.00 of taxes on each gallon of diesel fuel, so a 40% reduction would mean a RD$48 million monthly subsidy for the transporters. El Caribe says it received this information from a source close to the transport sector.
More... (http://www.dr1.com/index.html#2)