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SANTO DOMINGO.- Business leader Antonio Isa Conde revealed Sunday that President-elect Danilo Medina during the transition seeks to strike a fiscal pact on electricity and education aimed at getting society’s cohesion on those decisions before taking office August 16.
"That's the purpose, and if you can do so in the transition, it must be then, and if he cannot do so in the long run, he’ll do what he can," he said.Isa said the things which are required for a tax reform must be established the agreement.
He said the first things which have to be checked are the current deficiencies because work must be done on public spending, which the business leader describes as inefficient and managed with little transparency.He said the tax burden is 13%, which in his view no country in the world can reach development.
He said the industrial sector contributes to the Treasury around 37% of the country's revenue, for which the pact achieved should establish taxation as fair as possible, adding that more than increasing the rate, its foundation and tax administration need to be further improved.
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Investment (% of GDP) for Emerging and Developing Economies in year 2010 is 31.09 %.
Investment (% of GDP) for
Dominican Republic in year 2010 is 16.476 %.
Costa Rica in year 2010 is 19.96 %.
Colombia in year 2010 is 22.369 %.
Mexico in year 2010 is 25.656 %.
Chile in year 2010 is 26.294 %.
Panama in year 2010 is 27.5 %.
Investment (% of GDP) for Jamaica in year 2010 is 14.57 %.
Notice anything interesting?
Historically, DR has reinvested a much lower amount of its GDP than, for instance, Costa Rica and many other far better managed nation-states. If DR wants to reach its potential, it will need to find the courage and good management practices to see through far higher Investment (% of GDP). For its emerging economic status, a range of 20-25% should do the trick. But getting there will be the challenge.
"That's the purpose, and if you can do so in the transition, it must be then, and if he cannot do so in the long run, he’ll do what he can,"
I other words he will do what has always been done by the PLD, NOTHING other than "investing" in everything but what the Country Really NEEDS!
More of the Same Only Worse!
Just paying more taxes for it!
¡Querían Moraó Cojan Moraó!
Written by: josean, 17 Jun 2012 10:21 PM
From: United States, Dedicating 4 more years to fighting the Dictatorship of the Narco PLD Mafia
"They were TALKING that they will need to supply regular income for education and electricity,, "
The operative word is “TALKING”; that’s all the PLD has done for 12 years on those two critical issues TALK! TALK! TALK! TALK! TALK! TALK! TALK! TALK! TALK! TALK! TALK! TALK!
They are just using EDUCATION and electricity as an excuse to raise taxes so Danilo's Boys, who have been out in the cold for 12 years can begin to catch up on the STEALING of Lie-onel's Boys!
¡Querían Moraó Cojan Moraó!
Nop.. this is not a clownish Hipo..
This is Danilo, the most efficient state Secretary that we've ever had in national palace...
You were asking for that for long time..
Now you should be happy Josean...
Thanks God we have somebody that is really interest in people!
PLD 2012-3000
:)
"This is Danilo, the most efficient state Secretary that we've ever had in national palace..."
Then how come the Country is so Screwwd up?
This Guy is Wholly Owned Subsidiary of the Corporate Narco PLD; to expect anything different from him is nothing more than delusional INSANITY.
Or as Einstein defined it “Doing the Same thing over and over and expecting a different result!”
Danilo is like all others in the PLD a lot of Froth but very Little Chocolate!