NewsWhore
02-06-2008, 08:30 PM
Business sectors rejected yesterday, during a press conference, a proposal from the IMF for the government to carry out a new tax revision. Tax reform in the DR has equaled increased taxes, primarily affecting the middle class.
In the press release on occasion of the IMF completing the 8th review of the three-year stand by arrangement that expired in January 2008, the IMF proposed over the medium term that the government "limit energy subsidies, reform the tax system and broaden the tax base, including rationalizing tax exemptions."
Lisandro Macarrulla, president of the National Council for Private Business (CONEP), Pablo Piantini of the National Young Entrepreneurs Association (ANJE) and Manuel Diez Cabral of the Association of Industries in the DR (AIRD) rejected any possible tax increases Speaking at a press conference, Diez stated that a new tax reform would foster judicial insecurity and generate uncertainty in productive sectors. "Dominican society is already saturated by reforms and the amount of taxes we are paying is beyond what is rational and reasonable and if fiscal reform need be, what should be contemplated is one that focuses on public spending, not only on collecting taxes," he told journalists.
Maccarulla complained: "They imposed four reforms in less than three years, but this was combined with an exorbitant increase in government spending."
Piantini said: "All efforts should be directed so that our tax system stimulates investments, growth of productive sectors and a more efficient use of government spending."
On the other hand, they agree with the IMF recommendation that the government needs to control its spending, especially during an electoral period, and commended the announcement of a new agreement with the IMF. Business sectors have for months spoken out in favor of the government keeping a surveillance agreement with the IMF.
More... (http://www.dr1.com/index.html#3)
In the press release on occasion of the IMF completing the 8th review of the three-year stand by arrangement that expired in January 2008, the IMF proposed over the medium term that the government "limit energy subsidies, reform the tax system and broaden the tax base, including rationalizing tax exemptions."
Lisandro Macarrulla, president of the National Council for Private Business (CONEP), Pablo Piantini of the National Young Entrepreneurs Association (ANJE) and Manuel Diez Cabral of the Association of Industries in the DR (AIRD) rejected any possible tax increases Speaking at a press conference, Diez stated that a new tax reform would foster judicial insecurity and generate uncertainty in productive sectors. "Dominican society is already saturated by reforms and the amount of taxes we are paying is beyond what is rational and reasonable and if fiscal reform need be, what should be contemplated is one that focuses on public spending, not only on collecting taxes," he told journalists.
Maccarulla complained: "They imposed four reforms in less than three years, but this was combined with an exorbitant increase in government spending."
Piantini said: "All efforts should be directed so that our tax system stimulates investments, growth of productive sectors and a more efficient use of government spending."
On the other hand, they agree with the IMF recommendation that the government needs to control its spending, especially during an electoral period, and commended the announcement of a new agreement with the IMF. Business sectors have for months spoken out in favor of the government keeping a surveillance agreement with the IMF.
More... (http://www.dr1.com/index.html#3)