2003News

ANJE and the IMF

The Young Entrepreneurs? Association (ANJE) warned that the anticipated 1.5% or 2% increase in taxes on imports is a mistake and could be classified as unconstitutional. Marisol Vicens Bello, the association?s president, told C?ndida Acosta of the List?n Diario that the authorities have not acted with the full transparency required for these negotiations. She pointed out that even if the new taxes were cloaked under the guise of customs duties, ?they would still entail an obviously illegal [new] tax?. Vicens also attacked the proposed tax on checks as an additional load for the business community to bear. She warned that these new measures might generate a new and untried informality for business transactions and a possible evasion of taxes as a consequence.