NewsWhore
01-11-2007, 06:40 PM
The cost of transported goods will increase by 35%, announced the National Federation of Dominican Transport (Fenatrado), the association of truck owners that has a practical monopoly on goods transportation in the DR. Business representatives warned that this would increase retail prices by between 10 to 20%. Both transporters and traders blame the recently passed fiscal reform for the imminent price increases. Miguel Sang Ben, executive director of the Dominican Traders Federation, said that Fenatrado's increase in domestic freight costs would be paid for by the consumer. Fenatrado leader Blas Peralta says that the freight shipping price rises are the result of a 40% increase in the new taxes affecting Fenatrado truckers' operations.
The January 2007 tax revision included increases in taxes on diesel, gasoline, insurance, and vehicle licenses, among other new charges. The 35% increase will go into effect on 25 January.
More... (http://www.dr1.com/index.html#10)
The January 2007 tax revision included increases in taxes on diesel, gasoline, insurance, and vehicle licenses, among other new charges. The 35% increase will go into effect on 25 January.
More... (http://www.dr1.com/index.html#10)