Former Minister of Economy proposes government crackdown on tax evasion to boost revenues

[Dolores]

Former Dominican Republic Economy Minister Juan Ariel Jiménez has proposed a targeted crackdown on tax evasion as the primary solution to the country’s fiscal challenges, arguing that this approach is more effective than imposing additional burdens on the middle class.

The today Harvard University professor cited Costa Rica as an example, noting that if the Dominican Republic could achieve a similar level of tax collection efficiency on the General Sales Tax (ITBIS), it could boost government income by 1.7% of GDP—a figure that exceeds the revenue target of many proposed tax reforms.

“To achieve this, we need a combination of technology, improvements in tax administration, and a bit of creativity,” Jiménez stated.

He also suggested local authorities study the cases of Peru, Australia and Brazil.

He mentioned that Peru merged its tax and customs authorities in 2002...

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[windeguy]

If they could charge ITBIS on all the cocaine shipments going through the DR, that would probably do the trick and more.

 

[Buffness]

"....has proposed a targeted crackdown on tax evasion as the primary solution to the country’s fiscal challenges, arguing that this approach is more effective than imposing additional burdens on the middle class."

👆

He must have read my posts on the topic on DR1 😄🫢....de nada ! Nuff said 🫢🫢.

 

[CristoRey]

Good.
Dear Chamber of Accounts...
(do your damn job)