Santo Domingo.– The business community and some sectors of the
opposition insist that there will be new taxes which will have a negative impact on the Dominican economy.
But according to Vice president Rafael Alburquerque, the
government will not establish any new taxes. "The statements made Treasury minister
Vicente Bengoa have been misinterpreted. He spoke of modifying some laws that could limit the preferential
treatment they provide, but not of new taxes or an increase in tax
rates," Alburquerque explained.
From: Turkey, Ham & Cheese
The PRD complaining about taxes? That would be like the GOP getting mad at Democratcs for lowering taxes!
Written by: juanb, 17 Jul 2010 2:28 PM
From: Dominican Republic
Alburquerque is just playing with words.
""The statements made Treasury minister Vicente Bengoa have been misinterpreted. He spoke of modifying some laws that could limit the preferential treatment they provide, but not of new taxes or an increase in tax rates," Alburquerque explained.
There will not be any "NEW" taxes. What they will do is "modify" existing taxes by increasing the rates, disallowing certain exemptions, and applying them to more people. Sounds like raising taxes to me. Not "new" taxes, just more taxes.
Written by: BASTA, 17 Jul 2010 2:40 PM
From: Dominican Republic, =Ghetto/Legalize Drugs
"devastate" we are devastated now!
Written by: riosm, 17 Jul 2010 3:01 PM
From: United States
Sounds like the DR is gonna go the U.S route.
From: Dominican Republic, vieja Santo Domingo
so far there has been absolutely no statement about exactly what taxes are to be increased or newly imposed,,,so how can any one make a proper comment , including the opposition
Written by: danny00, 17 Jul 2010 5:14 PM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
Written by: riosm, 17 Jul 2010 3:01 PM
From: United States
Sounds like the DR is gonna go the U.S route
be great for the dr to go the u.s. ROUTE.
the road they are on now is going NOWHERE IS IT?
Written by: danny00, 17 Jul 2010 5:20 PM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
so many on this site are so sure the united states is finish....
they really believe the trillion dollar deficit, the oil spill is going to bring down the united states.
if i where u i would not bet any money with the sports bookies on this..
OIL SPILL! SO WHAT THEY WILL STOP IT AND CLEAN IT UP.. {this is not the dr}
TRILLION DOLLAR DEFICIT NOT AS MUCH AS U THINK FOR THE UNITED STATES.
MORE MONEY IN THE STATES THEN ANY WHERE IN THE WORLD.
Written by: juanb, 17 Jul 2010 9:57 PM
From: Dominican Republic
They don't really believe that these problems will devastate the US.
They just hope that thay do.
Written by: riosm, 17 Jul 2010 10:00 PM
From: United States
JuanB,
Thats the idea......thank God a one term Prez.
Written by: yowzerDR, 17 Jul 2010 10:22 PM
From: Dominican Republic
Danny - that is because the US prints money whenever they want without any assets to back it up. A bunch of useless paper...
As for taxes, it has been proven repeatedly, that when taxes are reduced the local economy increases. Therefore, if new higher taxes are imposed, DR will sink uncontrollably with deeper debts like the US. The poor will continue turning to prostitution, drug dealing and corruption to survive.
I wish DR had a honest leader that is strong enough to make a difference.
From: United States, Brooklyn
Usually when the word "taxes" come up in the DR is increase, hardly decrease or eliminate. This is why people are speculating on what the new taxes are going to be and cause. Also I dont believe the DR needs new taxes, the only thing needed is a professional, honest, and determined government who wants good for the country and not themselves. And did I mention HONEST?!!!
Written by: zooma, 18 Jul 2010 8:21 AM
From: United States
A better plan would be for the government to collect the taxes the public has been evading, rather than create new schemes or categories to raise funds. A case in point is: it is a practice when selling real estate property two purchase and sale contracts are created, one with the true sale price and the second, a dummy contract, expressing a sale price significantly lower than that of the actual transaction. The latter document is the one submitted to the DGII (tax dept) for tax purposes; this is to allow the parties of the transaction to avoid paying taxes on the full transaction value. If the government really wanted to collect the full tax revenue for this type of transaction it should be creative in ways to prevent the dodging routine.
Written by: juanb, 18 Jul 2010 11:44 AM
From: Dominican Republic
The dollar is not being devalued by other countries.
How about when the Hippo printed so much money to pay off the 87 accounts that had 75%of the money in Baninter, so his buddies didn't lose their money. Printing all that money with nothing to back it up was immediately recognized by the world financial markets and that is why they devalued the peso to the point where it was 55+ to the dollar.
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""The statements made Treasury minister Vicente Bengoa have been misinterpreted. He spoke of modifying some laws that could limit the preferential treatment they provide, but not of new taxes or an increase in tax rates," Alburquerque explained.
There will not be any "NEW" taxes. What they will do is "modify" existing taxes by increasing the rates, disallowing certain exemptions, and applying them to more people. Sounds like raising taxes to me. Not "new" taxes, just more taxes.
From: United States
Sounds like the DR is gonna go the U.S route
be great for the dr to go the u.s. ROUTE.
the road they are on now is going NOWHERE IS IT?
they really believe the trillion dollar deficit, the oil spill is going to bring down the united states.
if i where u i would not bet any money with the sports bookies on this..
OIL SPILL! SO WHAT THEY WILL STOP IT AND CLEAN IT UP.. {this is not the dr}
TRILLION DOLLAR DEFICIT NOT AS MUCH AS U THINK FOR THE UNITED STATES.
MORE MONEY IN THE STATES THEN ANY WHERE IN THE WORLD.
They just hope that thay do.
Thats the idea......thank God a one term Prez.
As for taxes, it has been proven repeatedly, that when taxes are reduced the local economy increases. Therefore, if new higher taxes are imposed, DR will sink uncontrollably with deeper debts like the US. The poor will continue turning to prostitution, drug dealing and corruption to survive.
I wish DR had a honest leader that is strong enough to make a difference.
A better plan would be for the government to collect the taxes the public has been evading, rather than create new schemes or categories to raise funds. A case in point is: it is a practice when selling real estate property two purchase and sale contracts are created, one with the true sale price and the second, a dummy contract, expressing a sale price significantly lower than that of the actual transaction. The latter document is the one submitted to the DGII (tax dept) for tax purposes; this is to allow the parties of the transaction to avoid paying taxes on the full transaction value. If the government really wanted to collect the full tax revenue for this type of transaction it should be creative in ways to prevent the dodging routine.
How about when the Hippo printed so much money to pay off the 87 accounts that had 75%of the money in Baninter, so his buddies didn't lose their money. Printing all that money with nothing to back it up was immediately recognized by the world financial markets and that is why they devalued the peso to the point where it was 55+ to the dollar.