President Luis Abinader was prompt to react to strong opposition and announced he would submit to Congress an amendment removing the proposed new taxes in the 2021 National Budget. In an address to the nation on the evening of Thursday, 8 October 2020, the President addressed the nation’s concerns.
The taxes would have affected the Christmas wage and Internet purchases, among others. The revenues to be collected were estimated at RD$628 billion. Abinader said he had instead reached an agreement for tax advances with the Barrick Gold mine to compensate for the needed resources. He announced the government is taking loans, contemplates selling assets and is having savings with more efficient government spending.
Abinader said the Economic and Social Council (CES) is summoned to move forward with the Fiscal Pact as ordered in the National Development Strategy Law 1-12. The...
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