No tax cuts

[NewsWhore]

Hacienda Minister Vicente Bengoa said that the government does not contemplate changes in the Tax Code that incorporate tax increases in January 2007. As reported, Bengoa said that the government will seek to find ways to support the Presidente brewery without changing the law. There had been speculation that the government would reduce taxes on beer sales after the Presidente brewery announced the suspension of the Presidente Latin Music Festival on grounds that new taxes had considerably reduced their sales. Economy and Planning Minister Temistocles Montas had speculated the government was considering tax cuts.

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