Santo Domingo.- National Business Council (Conep) president Manuel Diez Cabral said on Wednesday they’ll not support any reform to exclusively increase income as the International Monetary Fund’s (IMF) technical note “tributary measures for fiscal adjustment” states.
He said the measures proposed in the document are cause for concern, its approach would jeopardize productive sectors and don’t form the base for an integral tax reform as the business sector demands.
For Diez the measures suggested in the document only seek to identify new taxes without dealing with the reduction, efficiency and quality in government spending, as well as fairness and efficiency in tax collection.
He noted that in the Fourth Entrepreneurial Convention in November, the sector traces the guidelines for an integral tax reform, whose specific objective is a new fiscal system.
The IMF recommended to the Government to raise the ITBIS sales tax from 16 to 18%, eliminate the tax breals to productive sectors and reduce the exemptions.