This subject is extremely important but of little interest to most readers here but was almost lost in the news of last Friday . The avoidance of paying tax that a person or entity is obliged to pay is not thought of harshly in the same way as it is in northern american countries, Canada, Australia and even the USA . It is endemic in most latin countries and of course in the DR and ,in my opinion, is a digusting way of throwing the burden of providing government revenue from the rich to the poor.
So I was very glad to see the article on Friday recommending better compliance of existing laws rather than a range of new tax laws.
I do not know how the country can change the policies of the rich to try to avoid tax but I do know the answer to better compliance is through government computer up grades and the employment of Government tax agents to check in great detail the affairs of those who appear rich but pay little tax. It is the gathering of intelligence by the taxation office from banks, real estate agents , property records and company reports in a linked way that must be rapidly introduced. I suppose we need the expertise of overseas tax compliance officers but, I for one, will be very happy, when I see investigations into a large number of individuals who try to escape the net.
So I was very glad to see the article on Friday recommending better compliance of existing laws rather than a range of new tax laws.
I do not know how the country can change the policies of the rich to try to avoid tax but I do know the answer to better compliance is through government computer up grades and the employment of Government tax agents to check in great detail the affairs of those who appear rich but pay little tax. It is the gathering of intelligence by the taxation office from banks, real estate agents , property records and company reports in a linked way that must be rapidly introduced. I suppose we need the expertise of overseas tax compliance officers but, I for one, will be very happy, when I see investigations into a large number of individuals who try to escape the net.