The newspapers report positive reactions to the news that the Senate Finance Committee has recommended that the 5% tax on exports be revoked from all quarters of the export and tourism sectors. The exporters’ association ADOEXPO is asking that the surcharge introduced last month by Presidential decree be rescinded immediately. ADOEXPO president Horacio Alvarez stated that in addition to its being hugely unpopular, the tax was also ineffective in achieving its aim of raising RD$2.8 billion in six months, having only raised RD$100 million in its first month. Alvarez continued to say that it had done more harm than good as it discouraged investment. He welcomed the possibility that payments made to date would be reimbursed.
\nJohnny Bernal, the president of the hoteliers and restaurateurs association ASONAHORES, observed that the Senate Finance Committee had recognized that the tax would be difficult to impose, and had listened to submissions from the tourist and export sector. He revealed that ASONAHORES is in dialogue with the government to find an alternative to the 5% tax.
\nHoy newspaper says that President Mejia got plenty of flack for the tax when on official visit to Spain. Spanish investors own about half of hotels in the Dominican Republic. <\/p>\n","protected":false},"excerpt":{"rendered":"
The newspapers report positive reactions to the news that the Senate Finance Committee has recommended that the 5% tax on exports be revoked from all quarters of the export and tourism sectors. The exporters’ association ADOEXPO is asking that the surcharge introduced last month by Presidential decree be rescinded immediately. ADOEXPO president Horacio Alvarez stated … <\/p>\n