The Federation of Industrial Associations of the Dominican Republic (FAI) will oppose the proposed increase of the 1.5% tax on anticipated earnings and the 30% tax on incomes. Ignacio Mendez, president of the FAI, told Listin Diario reporter Candida Acosta that the proposals are irrational in a country where substantial parts of the industry and commerce sector is informal. Mendez suggested a plan whereby the Internal Revenue Department would become more technologically sound and thereby more efficient and affirmed that the renewed IMF talks were the best news in recent weeks. The proposal to raise the tax on businesses from 25% to 30% was introduced by Hato Mayor’s Senator Juan Morales Vilorio, who also proposed that the tax on lottery prizes be upped from 10% to 30%. The senator also wants to raise taxes on automobiles to 90%, in certain cases.