Dominican Republic's Abinader eyes tax reform in new administration

[SKY]

May 20 (Reuters) - Dominican President Luis Abinader, a day after being re-elected for a second term , said on Monday that he will sit down with opposition leaders to discuss a potential fiscal reform.
Abinader said the reform would include tweaks to taxation as well as public spending.
The overhaul would include "significantly improving our educational system, healthcare, (and) a police reform," Abinader said at a press conference.

https://www.reuters.com/world/americas/dominican-republics-abinader-eyes-tax-reform-new-administration-2024-05-20/

 

[windeguy]

What is the worst three letter word in the English language?

 

[CristoRey]

Commented about this in another thread a few days ago.
Why wasn't Luis willing to sit down and discuss tax reform last week?

They want to bring the informal economy into the formal economy. Prices
for every day goods most of the country depends on (a.k.a your local
colmado) will shoot thru the roof and have the biggest negative impact
on the poorest segment of society.

The government needs to clean up their act and stop all of their wasteful spending
and corruption before they start charging people more money to stay alive.

 

[aarhus]

Commented about this in another thread a few days ago.
Why wasn't Luis willing to sit down and discuss tax reform last week?

They want to bring the informal economy into the formal economy. Prices
for every day goods most of the country depends on (a.k.a your local
colmado) will shoot thru the roof and have the biggest negative impact
on the poorest segment of society.

The government needs to clean up their act and stop all of their wasteful spending
and corruption before they start charging people more money to stay alive.

I also fear they could be making a mistake with this. The expats here on dr1 who knows the bureaucracy around small business in the DR knows the consequences of enforcing reporting Itbis and payroll etc . In Las Terrenas for instance I saw recently many small restaurants who do ok just charging in cash and not running a payroll in the TSS. I don’t think they could survive if they had to start reporting

 

[windeguy]

Well, Luis wasn't re-elected last week. Now he has carte blanche.

 

[windeguy]

I also fear they could be making a mistake with this. The expats here on dr1 who knows the bureaucracy around small business in the DR knows the consequences of enforcing reporting Itbis and payroll etc . In Las Terrenas for instance I saw recently many small restaurants who do ok just charging in cash and not running a payroll in the TSS. I don’t think they could survive if they had to start reporting

Remember the poster that said all transaction in the DR would be cashless by some time already in the past? PICHARDO...

Don't worry, it is just talk. Nothing will really be done about it.

 

[JD Jones]

Commented about this in another thread a few days ago.
Why wasn't Luis willing to sit down and discuss tax reform last week?

They want to bring the informal economy into the formal economy. Prices
for every day goods most of the country depends on (a.k.a your local
colmado) will shoot thru the roof and have the biggest negative impact
on the poorest segment of society.

The government needs to clean up their act and stop all of their wasteful spending
and corruption before they start charging people more money to stay alive.

From the beginning of his last term, he has expressed an interest with sitting down with opposition leaders. None of them seem to be interested.

 

[CristoRey]

Well, Luis wasn't re-elected last week. Now he has carte blanche.

SMH....

 

[Notengo]

What is the worst three letter word in the English language?

Tax or Fee, both would be Fine.

 

[bob saunders]

Tax reform almost always means pay more taxes.