The Abinader administration has yet to deposit in Congress its proposed fiscal reform. Meanwhile, generalities of what is coming are being socialized with the general public.
Hacienda Minister Jose Manuel (Jochi) Vicente has been promoting the need for tax reform, arguing that significant public spending increases are necessary to improve living standards and public services. Vicente describes the tax proposal as one that calls for broad-based participation, will protect the vulnerable, promote tax equity and combat tax evasion.
Speaking at the American Chamber of Commerce’s monthly luncheon, Vicente said the additional resources collected through the tax reform would be used in key areas such as public safety, transportation, and primary healthcare. He emphasized that the increased expenditures should be funded through revenue generation. “Even churches need to...
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