The new president of the National Provisions Trade Consortium (CNCP), an association of small grocery store owners, Jorge Jerez says that safety, taxation and energy costs are putting many of his members out of business.
Jerez said that safety, high fuel prices, exorbitant electricity bills and high interest rates are the great challenges affecting small-scale food retailers. He pointed out that added security costs, including safety bars to reduce crime risks use up working capital. He said there was a high taxation component in the price of fuel in the country, around 34% in the case of gasoline and 24% in the case of diesel. He called for the Hydrocarbons Law to be revised to adjust to the present times and favored the creation of a fixed tax on fuels.
www.elcaribe.com.do/2013/10/21/delincuencia-altos-costos-energia-los-combustibles-afectan-comercio#sthash