NewsWhore
05-31-2007, 03:40 PM
The president of the National Association of Young Entrepreneurs (ANJE), Joel Santos has hailed the decision to postpone the Family Health Insurance (SFS) and cuts in some taxes, as announced to the nation by President Leonel Fernandez on Tuesday. However, he went on to criticize the President for not touching upon a possible reduction in superfluous government spending, as many business organizations and independent technicians have requested. Santos said that when the government pushed for the significant tax increases implemented in January 2007, it committed to reduce its spending.
As reported in El Dia, Santos said that the current situation is an excellent example of how a tax increase can backfire and end up generating less tax revenue for the government. He said that the government should look into revising the ITBIS (VAT) and income taxes, with the aim of integrating more taxpayers into the system. Santos considered that the fiscal amnesty would result in the integration of more taxpayers to the system.
More... (http://www.dr1.com/index.html#3)
As reported in El Dia, Santos said that the current situation is an excellent example of how a tax increase can backfire and end up generating less tax revenue for the government. He said that the government should look into revising the ITBIS (VAT) and income taxes, with the aim of integrating more taxpayers into the system. Santos considered that the fiscal amnesty would result in the integration of more taxpayers to the system.
More... (http://www.dr1.com/index.html#3)