Debating the reform

[NewsWhore]

Members of the ruling PLD and opposition PRSC parties are joining forces against article 38 of the fiscal reform presented by the Executive Branch, expressing their concern that removal of exemptions for free trade zones (FTZ) located in the special border development regions would come as a setback for development in these areas. Article 38 of the new fiscal reform project stipulates the removal of all exemptions for free trade zones located in the country's border regions. Finance Minister Vicente Bengoa expressed his concern about the situation and said that he would provide some answers on the issue in the next few days. El Caribe newspaper writes that during a meeting to discuss the fiscal reform, which was attended by Bengoa, Presidency Technical Secretary Temistocles Montas and Tax Department Director Juan Hernandez, 41 articles of the fiscal reform were discussed and article 38 was the one that caused most friction. PLD senator for Montecristi Hans Vieluf told El Caribe that senators from the provinces that will be affected by the reform would not vote for it when the time comes.

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