NewsWhore
11-16-2006, 01:50 PM
Technical Secretary to the Presidency Temistocles Montas has announced that the controversial "fiscal rectification" that will be handed over to Congress next week for approval will include new taxes, but he refused to give any further details. In his speech, President Leonel Fernandez mentioned that "a few more items" would now be taxed with the 16% ITBIS. According to Diario Libre, the items under consideration: frozen fish, cod, herring, sardines; seafood, sardinesall forms of butter and cheese, honey, grapes and apples, sorghum and rye, beans, nuts, seeds, and flour, cooking oils, margarine, chocolate and cocoa, baby foods except milk, pasta, tomato sauces, soups and broths, salt and vinegar, toothpaste, soaps, matches, detergents, animal foods, fertilizers, insecticides and disinfectants, agricultural products, educational materials (except notebooks and textbooks), all items for the graphic industry.
Montas, making his comments soon after leaving a meeting with the President and his economic team, was quoted by Diario Libre as saying that a commission is being set up in order to review the details of the announced fiscal reform, and the new taxes that could replace others that are considered unsuitable.
Eric Offerdal of the IMF was quoted in Listin Diario as saying that the IMF mission is only trying to reduce vulnerability in the country and reduce the public debt. He described the proposal made by the President as "excellent," as reported in Hoy newspaper. Offerdal also said that the IMF mission in the country is working to perfect the reform announced by the President. Offerdal commended the President's speech and said that the process of reviewing the fiscal reform would continue.
The proposal would go to Congress next week.
More... (http://www.dr1.com/index.html#1)
Montas, making his comments soon after leaving a meeting with the President and his economic team, was quoted by Diario Libre as saying that a commission is being set up in order to review the details of the announced fiscal reform, and the new taxes that could replace others that are considered unsuitable.
Eric Offerdal of the IMF was quoted in Listin Diario as saying that the IMF mission is only trying to reduce vulnerability in the country and reduce the public debt. He described the proposal made by the President as "excellent," as reported in Hoy newspaper. Offerdal also said that the IMF mission in the country is working to perfect the reform announced by the President. Offerdal commended the President's speech and said that the process of reviewing the fiscal reform would continue.
The proposal would go to Congress next week.
More... (http://www.dr1.com/index.html#1)