{"id":34141,"date":"2012-10-05T01:43:56","date_gmt":"2012-10-05T01:43:56","guid":{"rendered":"http:\/\/dr1.com\/new\/pages\/taxation-would-affect-jobs-in-free-zone-industry\/"},"modified":"2012-10-05T01:43:56","modified_gmt":"2012-10-05T01:43:56","slug":"taxation-would-affect-jobs-in-free-zone-industry","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2012\/10\/05\/taxation-would-affect-jobs-in-free-zone-industry\/","title":{"rendered":"Taxation would affect jobs in free zone industry"},"content":{"rendered":"<p> Dominican Free Zones Association president Aquiles Bermudez says that the measures announced by President Danilo Medina could result in a 70% in decline in jobs in the sector.<\/p>\n<p> As reported in Listin Diario, Bermudez said the free zones would lose their competitive edge. The proposal for increased taxation includes a 10% tax on dividends and eliminates tax exemptions. Bermudez said that 65% of free zone companies operating in Dominican free zones are foreign and that 70% of the 135,000 jobs in the sector would be at risk. <\/p>\n<p> The proposal is for free zones to pay 5% tax on gross sales in the local market. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dominican Free Zones Association president Aquiles Bermudez says that the measures announced by President Danilo Medina could result in a 70% in decline in jobs in the sector. As reported in Listin Diario, Bermudez said the free zones would lose their competitive edge. The proposal for increased taxation includes a 10% tax on dividends and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2012\/10\/05\/taxation-would-affect-jobs-in-free-zone-industry\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[231,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/34141"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=34141"}],"version-history":[{"count":0,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/34141\/revisions"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=34141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=34141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=34141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}