2005 – Page 137

The Dominican government is proposing an increase in the VAT tax base as well as the income tax base. Hoy newspaper says that Technical Minister of the Presidency, Temistocles Montas supports a hike in the selective consumption tax on tobacco and alcohol, and a higher property tax, according to sources. A newer element, the increase …

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A new group of young business people is pushing for a broadening of the VAT tax base, excepting the most basic foodstuffs, in order to come through with the RD$21 billion in revenue the government is requesting to compensate loss of income from the exchange commission tax and several other taxes once the free trade …

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The responses regarding the different proposals on tax reform continue to make news today. Esteban Delgado, writing for the Diario Libre, says that the proposals for tax reform include the substitution of the tax on bank transactions with a tax on the interest generated by savings accounts. Delgado says that this would hurt individual’s pockets …

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According to the Dominican Association of Import Warehouses (ASODAI), the Dominican Republic should act fast, adopting measures to lessen the impact of the higher oil prices. The executives of the association sat down with Hoy reporter Aleida Plasencia, and said that the country needed to reduce its dependency on oil products. Domingo Espinal Collado, the …

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The Dominican high command of the Armed Forces, along with United States military security advisors from the Southern Command, are touring the Dominican-Haitian frontier today at the same time a high level diplomatic commission is visiting Port-au-Prince to deal with bilateral immigration issues and other topics. Armed Forces Minister, Admiral Sigfrido Pared Perez said that …

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Minister of the Interior and the Police Franklin Almeyda reaffirmed his statement that the National Police needs managerial skills and that the Police Chief has resisted the application of the pay raises announced months ago. In what was certainly not published news, Almeyda said that the 20,000 police personnel that are in private service only …

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The Dominican Drug Control Agency (DNCD) revealed yesterday that they had confiscated 243 kilos of pure cocaine in a joint operation with the Specialized Corps of Port Security (CESEP) on the docks of Haina Oriental. The drugs were found in six bundles that had 200 packages inside. The stash was found in container number CLHU-822641 …

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Some 20,000 jobs have been lost at 40 business located in industrial free zones over the past few months. A press statement released by the Dominican Association of Free Zones (ADOZONA) attributed the losses to the high cost of electricity and the appreciation of the peso relative to the dollar. Arturo Peguero, ADOZONA president, said …

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The rise of the hotel industry in the Bavaro and Punta Cana areas in the province of La Altagracia, on the east coast of the Dominican Republic, has created 100,000 direct and indirect jobs and displaced cattle as the number one employer. The existence of the tourism industry in La Altagracia has also served to …

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President Leonel Fernandez condemned the terrorist attacks Thursday morning in London, where 37 people were killed and 345 injured in a sequence of explosions in subways and buses of the public transit system. Listin Diario reports that a message issued through the Ministry of Foreign Relations, the President expressed “in the name of the Dominican …

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