2004News

Heads of government expected

Nine heads of government have confirmed their attendance for the inauguration of President-elect Leonel Fernandez. El Caribe newspaper reports that Alvaro Uribe (Colombia), Mireya Moscoso (Panama), Ricardo Maduro (Honduras), Abel Pacheco (Costa Rica), Jorge Batlle (Uruguay), Oscar Berger (Guatemala) and Luiz Inacio Lula Da Silva (Brasil) will travel to the DR to witness the ceremonies …
2004News

Anniversary concert

The National Symphony Orchestra will perform on Friday, 6 August at the main hall of the National Theater in Santo Domingo on occasion of its 63rd anniversary. The concert is free of charge. Dante Cucurullo will direct a mix of lively pieces, including several by Dominican maestro Bienvenido Bustamante, such as Santo Domingo, Triptico Sinfonico, …
2004News

The rich now protest the blackouts

On Saturday, people from the upper middle- and upper-class residential neighborhoods carried out their first public demonstration, tying up traffic along some of the major arteries of Santo Domingo. Hoy reports that hundreds of demonstrators blocked Winston Churchill Avenue. The protesters said that because they live in what are called ?exclusive? residential areas, their electric …
2004News

Double taxation of wages?

The Young Entrepreneurs? Association (ANJE) called attention to the obvious double taxation of salaries contained in the tax reform proposal being debated in Congress, which would authorize a RD$15-per-RD$1,000 tax on wages that are withdrawn electronically. ANJE spokesperson Manuel Diez pointed out how confusing the new proposals are becoming, referring to the proposed 0.15% tax …
2004News

VAT discussions

While it appears that everyone wants a tax reform, they only want the one that suits their independent interests. El Caribe points out that the VAT tax (called ITBIS) has been one of the most debated themes of the current discussions. ANJE wants a wider tax base and a lower tax, but the Homemakers? Association …
2004News

Paris Club

The negotiation to come up with US$100 million is a shortcut that will produce great humiliation, according to Claudio Cabrera, an economic journalist for Hoy. Cabrera says that if the country does not conclude the second review of the IMF Standby Accord after the tax reforms are passed, the Dominican Republic could well fall into …