Foreign Investments include the Central Oomana complex.jpg
SANTO DOMINGO.- The Association (ASIEX) on Sunday warned that the government’s tax reform package is a serious threat to industry and if approved could hobble new flows of capital and of jobs, and hinder access to technology.
It said the proposed 10% capital gains tax would be in addition to the current 29% tax on corporate income.
ASIEX cautions that it’s a tax formula which would lead to double taxation, raising the income tax to 36.1%, and “totally contrary to the Government interest to attract S$3.5 billion in new foreign investment and create 132,000 jobs, as the Exports and Investments Center (CEI-RD) proposed.
The ASIEX also cautions that the productive sector’s competitiveness would suffer if the new tax package materializes, noting that it can backfire if it seeks too much revenue.
It adds that the a healthy society requires that, prior to any new taxes, the government render accounts for public spending.
From: United States
foreign direct investment is not necessarily a guarantee of economic growth. it all depends upon the sector to which it is applied. if it is applied to the primary sector, it has very little benefit on the economy. in many cases, such as mining, it can actually retard growth, because it takes more profits out of the economy than the value of the investment. in the secondaty sector, it is only useful if it invests in high technology ventures, and the population benefits from LEARNING new tech. look at Costa Rica. it is a booming economy because of firms like Intel. however, all it does is to assemble parts made by that company. should Intel pull out, the country is dead, because local Costa Ricans have not learnt the technology themselves, and cannot substitute Costa Rican parts for the US versions. as to the tertiary service sector...there is no real benefit to be gained from FDI in that sector, beyond dead end jobs in call centers. the DR has to rethink the economic model,
Written by: BASTA, 15 Oct 2012 9:24 AM
From: Dominican Republic, =Ghetto/Legalize Drugs/Free abortions for all
Wrong; we Dominicans always know better.
From: Cuba, La Havana, Que Viva La Revolucion
But Dread, the (H)ooker industry is booming. 11 to 15 year old's are giving birth to the future hook ups.
Then we have the Narco industry, it's booming also. Just look around and see all the construction that is backed with dirty money.
And last but not least is "Us" yes, all of Us expat's that come here thinking that this is Heven and all we find is the Devil in Hell.
Written by: RoyStone, 15 Oct 2012 12:14 PM
From: Australia
"in many cases, such as mining, it can actually retard growth, because it takes more profits out of the economy than the value of the investment."
Dready, I can't believe you wrote that. Those "profits" would not be "in" the economy to take out in the first place, were it not for the investment. Mining is the backbone of the Australian economy and the only potential salvation of the Dominican economy.
Written by: josean, 15 Oct 2012 12:19 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
On Todays must read LIST for those who are allergic to PURPLE Kool-Aid!
“LF is who originates the fight the fight against between government and the Economic and Social Council”
“In summary, the PLDP and its leaders do not want any information being delivered to the members of the Council, because it would use it to harm Leonel Fernández, former President of the Republic who is considered "untouchable".”
"LF es quien origina el pleito del gobierno contra el Consejo Económico y Social"
"En resumen, el PLD y sus dirigentes, no quieren que se entregue ninguna información a los miembros del Consejo, porque la utilizarían para perjudicar a Leonel Fernández, ex presidente de la República a quien consideran “intocable”."
acento.com.do/index.php/news/22560/56/LF-es-quien-origina-el-pleito-del-gobierno-contra-el-Consejo-Economico-y-Social.html
Written by: josean, 15 Oct 2012 12:19 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"Mining is the backbone of the Australian economy and the only potential "salvation" of the Dominican economy. "
Dr. Dread,
I have a strong inclination that our friend Roy is more than spectator on the Barrick issue!
PS
Even talks of SALVATION like his alleged Nemeses Cardinal Nicky!
Written by: josean, 15 Oct 2012 12:31 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
On todays must read LIST for those who are allergic to PURPLE Kool-Aid!
“Vinchos wants acceptance of new taxes without requiring explanation”
"He is happy because Leonel accused the PRD of the current crisis and the same time lashed out at the Economic and Social Council"
“Vincho quiere que se acepten los nuevos impuestos sin exigir explicación”
“Se muestra feliz porque Leonel acusó al PRD de la actual crisis y al tiempo que arremetió contra el Consejo Económico y Social”
acento.com.do/index.php/news/22556/56/Vincho-quiere-que-se-acepten-los-nuevos-impuestos-sin-exigir-explicacion.html
From: United States
Roy, please take the time to read this working paper
.grips.ac.jp/teacher/oono/hp/docu01/paper14.pdf
the panel data proves a significant negative relationship between FDI and primary sector growth. the main segment of the primary sector is mining
From: United States
in the event that you cannot get the link to work, the title of the paper is
Foreign Direct Investment and Growth; Does the Sector Matter?
author...Laura Alfaro
From: Dominican Republic, NEVER FORGOTTEN, NEVER FORSAKEN!
Josie you're like Danny, but in Spanish.
Written by: josean, 15 Oct 2012 10:55 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
And you're like an idiot only more stupid!
Written by: RoyStone, 15 Oct 2012 11:28 PM
From: Australia
32 pages Dready!
I feel flattered, but my attention span is not that long at the moment. I'll have another look when I'm sober.
From: United States, Orange County, California
I believe that lower taxes is better because the consumers are the one paying the final price that includes the cost of productions, taxes, and any additional tariff imposed on those products. Foreign investment is good for the DR because the DR does not have the resources to invest in technology and expand its production. The DR has a high tax bracket considering the country is still a developing country. When the taxes go up. The prices of the products will go up and the people will have to pay more for the product. Of course, we have a debt that we cannot pay.
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But Dread, the (H)ooker industry is booming. 11 to 15 year old's are giving birth to the future hook ups.
Then we have the Narco industry, it's booming also. Just look around and see all the construction that is backed with dirty money.
And last but not least is "Us" yes, all of Us expat's that come here thinking that this is Heven and all we find is the Devil in Hell.
Dready, I can't believe you wrote that. Those "profits" would not be "in" the economy to take out in the first place, were it not for the investment. Mining is the backbone of the Australian economy and the only potential salvation of the Dominican economy.
On Todays must read LIST for those who are allergic to PURPLE Kool-Aid!
“LF is who originates the fight the fight against between government and the Economic and Social Council”
“In summary, the PLDP and its leaders do not want any information being delivered to the members of the Council, because it would use it to harm Leonel Fernández, former President of the Republic who is considered "untouchable".”
"LF es quien origina el pleito del gobierno contra el Consejo Económico y Social"
"En resumen, el PLD y sus dirigentes, no quieren que se entregue ninguna información a los miembros del Consejo, porque la utilizarían para perjudicar a Leonel Fernández, ex presidente de la República a quien consideran “intocable”."
acento.com.do/index.php/news/22560/56/LF-es-quien-origina-el-pleito-del-gobierno-contra-el-Consejo-Economico-y-Social.html
"Mining is the backbone of the Australian economy and the only potential "salvation" of the Dominican economy. "
Dr. Dread,
I have a strong inclination that our friend Roy is more than spectator on the Barrick issue!
PS
Even talks of SALVATION like his alleged Nemeses Cardinal Nicky!
“Vinchos wants acceptance of new taxes without requiring explanation”
"He is happy because Leonel accused the PRD of the current crisis and the same time lashed out at the Economic and Social Council"
“Vincho quiere que se acepten los nuevos impuestos sin exigir explicación”
“Se muestra feliz porque Leonel acusó al PRD de la actual crisis y al tiempo que arremetió contra el Consejo Económico y Social”
acento.com.do/index.php/news/22556/56/Vincho-quiere-que-se-acepten-los-nuevos-impuestos-sin-exigir-explicacion.html
.grips.ac.jp/teacher/oono/hp/docu01/paper14.pdf
the panel data proves a significant negative relationship between FDI and primary sector growth. the main segment of the primary sector is mining
Foreign Direct Investment and Growth; Does the Sector Matter?
author...Laura Alfaro
And you're like an idiot only more stupid!
I feel flattered, but my attention span is not that long at the moment. I'll have another look when I'm sober.