Economist Fernando Alvarez Bogaert reported that the Dominican Republic’s tax policies are regressive and the proposed tax correction will exacerbate rather than solve the problem. He explained that a study carried out by Ivan Rodriguez showed that more than 75% of the government’s income came from indirect taxes, and the scheme is followed in the new tax proposals. Alvarez Bogaert explained that such tax income is a regressive since it affects the poor to a larger degree than the rich. Direct taxes have the opposite effect, in that the wealthy pay a higher proportion of the taxes. According to the economist, no more than 50% of the government’s income should come from indirect taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Economist Fernando Alvarez Bogaert reported that the Dominican Republic’s tax policies are regressive and the proposed tax correction will exacerbate rather than solve the problem. He explained that a study carried out by Ivan Rodriguez showed that more than 75% of the government’s income came from indirect taxes, and the scheme is followed in the … <\/p>\n