In political-speak, in the Dominican Republic, the term “tax reform” is the equivalent of saying a tax increase. There is just no way around it. Jose Paliza, the Administrative Minister for the Presidency, told reporters and a television audience late last week that the current administration was going to dedicate 2021 to the work of obtaining a consensus regarding the new tax structure, especially after reviewing each and every one of the line items included in the current tax legislation.
Three basic theses were present in his comments:The tax reform would make it easier to deal with taxesA clearer tax structure would attract more foreign investmentThe government needs more money
Paliza expects the long-awaited Electricity Pact to be signed in the next few months.
Both the Electricity Pact and the Fiscal Pact are ordered by the National Development Strategy Law...
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