Excess regulation

[NewsWhore]

Today's Diario Libre points out the excess regulation that is currently affecting businesses in the DR, especially small businesses. Adriano Miguel Tejada, the newspaper's editor, highlights the fact that the situation has reached a point where business owners have to check almost daily to see what new requirements the Tax Department is asking for. He tells the case of a friend who used to have a part-time accountant, but now has had to hire an accounting department and a systems engineer to meet government requirements. "All this means is frustration for small business owners (that the country needs to encourage), and a warning for anyone who wants to do business, because these days managing a business is like working for the tax department. This situation is a cause for concern. The tax authorities should evaluate the cost-benefit of this excess regulation for the country and for entrepreneurs".

More... (http://www.dr1.com/index.html#5)