NewsWhore
02-07-2008, 03:30 PM
Hacienda Minister Vicente Bengoa says that there is no need for tax reform (political code for tax increase) considering that the DR registered a fiscal surplus this year. He told El Caribe that the case is closed, and rhetorically asking how the government could talk about new taxes when the DR will close with an estimated RD$8.6 billion fiscal surplus. He is quoted in El Caribe as saying the DR has a projected growth of 10% with liquid reserves in the Central Bank of US$1.6 billion and gross reserves of US$3 billion. According to Bengoa, the government has lost an estimated RD$12 billion due to tax reductions and eliminations of tariffs and still managed to have a surplus. Bengoa says that the only thing being considered is increasing the tax base on Industrialized Goods Transfers (ITBIS, or VAT).
More... (http://www.dr1.com/index.html#2)
More... (http://www.dr1.com/index.html#2)