2016News

Business will concede on fiscal pact

The business sector is willing to collaborate and negotiate on the fiscal pact with the government to reach the agreement as part of the National Development Strategy, according to a statement from Herrera Business Association (AEIH) president Antonio Taveras Guzman. He said that while high-ranking officials have gone on record pointing to the urgency of reforming the tax law in order to collect more revenue for the state, the business sector has not officially been convened. The private sector backs a comprehensive overhaul of the tax code. Taveras also called for institutional strengthening.

Taveras Guzman says: “We hope that the government will comply with the mandate of the law, which calls for a thorough tax reform through the Economic and Social Council (CES). We expect this and we do not want the government to come up with some reform patches as it has done in the past. We need major reform here. Everything has to be moved around.” The government wants increased revenue but the business sector is calling for taxation on contraband and informal trade as well as cuts in wasteful government spending.

In the written statement, Taveras Guzman reiterates that the business sector has never been so united behind a single viewpoint on these issues. When reporters from El Nacional newspaper questioned him on this issue, Dominican Republic Industrial Association president Campos de Moya said that the business sector was aware of the need for a fiscal deal, adding that on this matter the Dominican government and the private sector were in complete harmony.

http://aeih.org.do/2016/06/09/aeih-expresa-al-presidente-medina-disposicion-colaborar-reformas/