The Industrial Association of the Dominican Republic (AIRD) has officially granted its support to the proposals forwarded by the National Business Council (CONEP) regarding the new tax proposals needed to compensate for the government’s loss of revenue resulting from the DR-CAFTA agreements. Yandra Portela and her executive board gave the CONEP proposal their blessing at a press conference yesterday. The news came after the hotel sector voiced objections to the rejection of its proposals by the technical commission. As revealed in Diario Libre, in spite of all the positive spins being placed on the final proposals, it seems that several sectors, such as the cigarette group BAT (British American Tobacco) and Franklin Baez, the executive vice-president of Brugal, have differing opinions. In the case of BAT, they want the Selective Consumer Tax (ISC) to be based on those products that are highest in price and greater in sales. They claim that an additional RD$200 million would be forthcoming if this technique were to be applied. The Rum Producers Association voiced their complaints through Baez, who told Diario Libre reporters that the group of alcoholic beverage producers had not reached a consensus on the ISC because of the “stubbornness of the beer producers.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The Industrial Association of the Dominican Republic (AIRD) has officially granted its support to the proposals forwarded by the National Business Council (CONEP) regarding the new tax proposals needed to compensate for the government’s loss of revenue resulting from the DR-CAFTA agreements. Yandra Portela and her executive board gave the CONEP proposal their blessing at … <\/p>\n