Santo Domingo. - Dominican Textile Industries Association (Aditex) president Ricardo Koenig warned that a 5% tax on gross sales contained in the tax reform bill will jeopardize more than 20,000 direct and indirect jobs and around 100 small and medium local factories.
He said the industry is concerned with the Government’s proposed bill, whose Article 30 in his view violates Law 56-07, which declares the textiles sector a national priority.
For Aditex general secretary Leonel Cabrera, the tax on gross sales would become 17% on the final product and increase prices as much as 30%.
The local textile industry representatives fear that if the reform is approved as is, it would mean a competitive disadvantage with other companies in the region, which they affirm have more incentives.
Written by: josean, 23 Oct 2012 11:51 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Not according to IRS Atabey and the rest of the KNOW Nothing PURPLE CLAPPING SEALS here at DT!
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
The constitution, to the PLD is worthless..
From: Dominican Republic, Puerto Plata
As long as it doesn't jeopardize the politikero's and their cronies' income, perkes, privileges, yipetas, barrilitos etc etc., who cares?
Written by: Vivacuba, 23 Oct 2012 12:51 PM
From: Dominican Republic
DR, the new America. Welcome to impoverished slavedom. Enjoy
From: Cuba, La Havana, Que Viva La Revolucion
Turn off the lights, The Party is over!
Esto Se Jodio.
Written by: danny00, 23 Oct 2012 2:24 PM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
choo choo choo train.
all aboard. in la -la land.
From: Cuba, La Havana, Que Viva La Revolucion
Danny I want a ONE WAY TICKET OUT OF HERE!!!!!!!
Written by: juanb, 23 Oct 2012 3:03 PM
From: Dominican Republic
Here's the real tragedy:
We are talking about the few remaining textile jobs.
15 years ago we were a hotbed of sewing. The Santiago Free Zone, for one, employed tens of thousands of employees. Major US companies were flocking here to take advantage of these Duty Free havens. Levis, for one, was sewing millions of pants here monthly. Today they are ghost towns.
Why?
When the US proposed a free trade ageement CAFTA (Central American Free Trade Agreement) we complained that we were not included, so the US amended the agreement and it became DR_CAFTA. All any involved country had to do was to pass a few simple copy right protection laws and a few other simple pieces of legislation had to be passed. Central America took 3 weeks. This allowed goods to ship into the US without paying any duty on entry. Good leaving here still paid 20%
Know how long it took us to come into compliance?
FOUR YEARS
Our government was too busy.
Now there is no business in the Free Zones.
Written by: josean, 23 Oct 2012 3:27 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"Our government was too busy."
juanb,
They had a useless reelection METRO TO BUILD!
Written by: abc200, 23 Oct 2012 3:39 PM
From: United Kingdom, Dominican Republic
bank credits for exports etc. etc.
abc200
Written by: abc200, 23 Oct 2012 3:39 PM
From: United Kingdom, Dominican Republic
Few Dominicans will work for the minimum wage in Haiti, Bangladesh etc. approx $2-3 a day. Minimum wage in Bangladesh $798 a year, It does not matter what free trade agreements are in place - these are just an excuse for US to export senseless vehicles to the DR. Minimum wage in DR is about $1 per hour.
Even countries like Cambodia cannot compete - plus the textile industry is getting automated - the time taken to make one shirt is steadily reducing.
Till 2005 countries such as the DR were protected by the multi-fibre agreement that set quotas for each country exporting textiles. So the US could not displace textiles from the DR with those say from Bangladesh.
HK and others with higher minimum wages encourage textile exports by some sorts of subsidies - near free good housing for workers on low wages, free education to university level, subsidized basic food for workers, free good health care, state pensions, near free rents for factories, grants for machinery, bank c
Written by: josean, 23 Oct 2012 4:38 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
More Good News on Lie-onel's Legacy of Corruption and Do Nothing Goverment!
DR drops again in Doing Business report
After eight consecutive years of Leonel Fernandez administration, the Dominican Republic is positioned in the bottom half of the World Bank's Doing Business Report.
The low ranking reflects the fact that the regulatory environment is not the most conducive to starting and operating a company. The index averages the country's percentile rankings on 10 topics, giving equal weight to each topic. The rankings for all 185 economies are benchmarked to June 2012.
continued:
Written by: josean, 23 Oct 2012 4:39 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The Dominican Republic, positioned in the upper middle income with a population of 10,056,181 million and US$5,240 GNI per capita, is ranked 116th of 185 economies by the World Bank's Doing Business 2013, which is down from 113 in 2012 report. The Dominican Republic's scores declined in the categories of dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes and enforcing contracts.
The DR is rated above average in the category of trading across borders in a 46th ranking. The DR has free trade agreements with Europe and several countries in Africa and the Pacific, the United States, Central America and the Caribbean. It also positions the DR in the upper half with 83 in Getting Credit, reflecting the strong banking institutions, and 84th in Enforcing Contracts, reflecting judicial security.
continued:
Written by: josean, 23 Oct 2012 4:42 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The Dominican Republic ranked:
Ease of Doing Business (116)
Starting a Business (137)
Dealing with Construction Permits (108)
Getting Electricity (122)
Registering Property (110)
Getting Credit (83)
Protecting Investors (100)
Paying Taxes (98)
Trading Across Borders (46)
Enforcing Contracts (84)
Resolving Insolvency (156)
The Medina government has proposed to increase taxation, further burdening the business sector in order to maintain high levels of government spending. In its most recent Global Competitiveness Report, the 2012 World Economic Forum ranked the Dominican Republic the leader in wasteful government spending.
doingbusiness.org/data/exploreeconomies/dominican-republic
doingbusiness.org/rankings
DR1
Written by: jasfalon, 25 Oct 2012 6:35 AM
From: United States
20,000 slave labor jobs!
And 65,000 slave labor jobs at Caracol in Haiti.
Nothing is changing. Hispaniola is providing slave labor for planting, picking, building, and sewing, to scumbag Dominican, Haitian, and international business people.
RD and Haiti business elite and politicians will always treat their people as nothing but cheap labor, basically, animals. And most Dominicans treat their horses better.
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Not according to IRS Atabey and the rest of the KNOW Nothing PURPLE CLAPPING SEALS here at DT!
Turn off the lights, The Party is over!
Esto Se Jodio.
all aboard. in la -la land.
Danny I want a ONE WAY TICKET OUT OF HERE!!!!!!!
Here's the real tragedy:
We are talking about the few remaining textile jobs.
15 years ago we were a hotbed of sewing. The Santiago Free Zone, for one, employed tens of thousands of employees. Major US companies were flocking here to take advantage of these Duty Free havens. Levis, for one, was sewing millions of pants here monthly. Today they are ghost towns.
Why?
When the US proposed a free trade ageement CAFTA (Central American Free Trade Agreement) we complained that we were not included, so the US amended the agreement and it became DR_CAFTA. All any involved country had to do was to pass a few simple copy right protection laws and a few other simple pieces of legislation had to be passed. Central America took 3 weeks. This allowed goods to ship into the US without paying any duty on entry. Good leaving here still paid 20%
Know how long it took us to come into compliance?
FOUR YEARS
Our government was too busy.
Now there is no business in the Free Zones.
"Our government was too busy."
juanb,
They had a useless reelection METRO TO BUILD!
abc200
Even countries like Cambodia cannot compete - plus the textile industry is getting automated - the time taken to make one shirt is steadily reducing.
Till 2005 countries such as the DR were protected by the multi-fibre agreement that set quotas for each country exporting textiles. So the US could not displace textiles from the DR with those say from Bangladesh.
HK and others with higher minimum wages encourage textile exports by some sorts of subsidies - near free good housing for workers on low wages, free education to university level, subsidized basic food for workers, free good health care, state pensions, near free rents for factories, grants for machinery, bank c
More Good News on Lie-onel's Legacy of Corruption and Do Nothing Goverment!
DR drops again in Doing Business report
After eight consecutive years of Leonel Fernandez administration, the Dominican Republic is positioned in the bottom half of the World Bank's Doing Business Report.
The low ranking reflects the fact that the regulatory environment is not the most conducive to starting and operating a company. The index averages the country's percentile rankings on 10 topics, giving equal weight to each topic. The rankings for all 185 economies are benchmarked to June 2012.
continued:
The Dominican Republic, positioned in the upper middle income with a population of 10,056,181 million and US$5,240 GNI per capita, is ranked 116th of 185 economies by the World Bank's Doing Business 2013, which is down from 113 in 2012 report. The Dominican Republic's scores declined in the categories of dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes and enforcing contracts.
The DR is rated above average in the category of trading across borders in a 46th ranking. The DR has free trade agreements with Europe and several countries in Africa and the Pacific, the United States, Central America and the Caribbean. It also positions the DR in the upper half with 83 in Getting Credit, reflecting the strong banking institutions, and 84th in Enforcing Contracts, reflecting judicial security.
continued:
The Dominican Republic ranked:
Ease of Doing Business (116)
Starting a Business (137)
Dealing with Construction Permits (108)
Getting Electricity (122)
Registering Property (110)
Getting Credit (83)
Protecting Investors (100)
Paying Taxes (98)
Trading Across Borders (46)
Enforcing Contracts (84)
Resolving Insolvency (156)
The Medina government has proposed to increase taxation, further burdening the business sector in order to maintain high levels of government spending. In its most recent Global Competitiveness Report, the 2012 World Economic Forum ranked the Dominican Republic the leader in wasteful government spending.
doingbusiness.org/data/exploreeconomies/dominican-republic
doingbusiness.org/rankings
DR1
And 65,000 slave labor jobs at Caracol in Haiti.
Nothing is changing. Hispaniola is providing slave labor for planting, picking, building, and sewing, to scumbag Dominican, Haitian, and international business people.
RD and Haiti business elite and politicians will always treat their people as nothing but cheap labor, basically, animals. And most Dominicans treat their horses better.