NewsWhore
10-27-2006, 03:50 PM
The new tax reform proposed by the government has generated diverse opinions to the point where even government officials are contradicting themselves. Diario Libre cites the case of Finance Minister Vicente Bengoa, who said that the International Monetary Fund (IMF) proposal to tax interests on deposits and bank transfers and ATM cash withdrawals would not be accepted. Businesspeople and economists consider that the government has to reduce taxes and guarantee greater coverage of collections.
The PRD says it is preparing a front against the reforms, according to Diario Libre. President Leonel Fernandez did not remain quiet on the subject, saying that it is not true that there will be new taxes and has informed that an IMF mission would be visiting the country in order to fully explain the depth and details of the reform. According to El Caribe newspaper, the President says that a tax reform doesn't necessarily mean new taxes and that the reform only looks to strengthen the country in order to avoid a crisis like that of 2003. He says that the reform is aimed at avoiding economic instability and uncertainty.
More... (http://www.dr1.com/index.html#2)
The PRD says it is preparing a front against the reforms, according to Diario Libre. President Leonel Fernandez did not remain quiet on the subject, saying that it is not true that there will be new taxes and has informed that an IMF mission would be visiting the country in order to fully explain the depth and details of the reform. According to El Caribe newspaper, the President says that a tax reform doesn't necessarily mean new taxes and that the reform only looks to strengthen the country in order to avoid a crisis like that of 2003. He says that the reform is aimed at avoiding economic instability and uncertainty.
More... (http://www.dr1.com/index.html#2)