NewsWhore
07-09-2012, 04:50 PM
The director general of the Department of Taxes, Juan Hernandez announced that the government has plans to increase the tax burden to 16% by 2015. He says that taxation at present is 14%.
But spokespersons for the Dominican industry sector say that tax burden is actually higher than 18% if the government factors in social security payments and other obligatory charges not being considered. The executive vice president of the Association of Industries of the Dominican Republic, Circe Almanzar and the president of the National Organization of Malls (ONEC) Antonio Ramos said that tax burden in the DR does not include these calculations. He said that the government should include the charges since these are factored in by countries at the same level of the DR.
As reported in El Dia, the industry spokespersons say that the problem is not one of the level of tax burden, but of the large levels of informality in the DR. "There is no need to continue to increase taxes, the population can't take more," said Ramos. He feels the country would be better served if the DGII expanded the base of those who pay taxes. He also urged for improving the quality of government spending. The industry spokespersons back that the government carry out an integral tax reform that eliminates distortions that affect competitiveness of the country's productive sectors. They made the comments speaking to the press after Hernandez made the announcement the government plans to increase the tax burden to 16%.
More... (http://www.dr1.com/index.html#4)
But spokespersons for the Dominican industry sector say that tax burden is actually higher than 18% if the government factors in social security payments and other obligatory charges not being considered. The executive vice president of the Association of Industries of the Dominican Republic, Circe Almanzar and the president of the National Organization of Malls (ONEC) Antonio Ramos said that tax burden in the DR does not include these calculations. He said that the government should include the charges since these are factored in by countries at the same level of the DR.
As reported in El Dia, the industry spokespersons say that the problem is not one of the level of tax burden, but of the large levels of informality in the DR. "There is no need to continue to increase taxes, the population can't take more," said Ramos. He feels the country would be better served if the DGII expanded the base of those who pay taxes. He also urged for improving the quality of government spending. The industry spokespersons back that the government carry out an integral tax reform that eliminates distortions that affect competitiveness of the country's productive sectors. They made the comments speaking to the press after Hernandez made the announcement the government plans to increase the tax burden to 16%.
More... (http://www.dr1.com/index.html#4)