Santo Domingo.- After the International Monetary Fund (IMF) Thursday called the Dominican economy and development process sophisticated, Economy Minister Temistocles Montas affirmed that the fiscal pact would push the tax burden from 13% upt to 15%.
IMF mission member Mario Dehesa, interviewed in the National Palace, said they’ve been receiving official information thus far, a process he affirms will continue until next week, when they’ll also meet with president Danilo Medina.
"There was a lot of cooperation. We’ve been provided all the information we have requested," said Dehesa, who was part of the committee that visited the National Palace to meet with Presidency Chief of staff Gustavo Montalvo, and Montas.
The IMF official said the review process is a long and complicated task, because "we live in a world of constant change."
When asked whether the assessment to the economy might be extended beyond next week, Dehesa said no.
Written by: josean, 14 Sep 2012 8:36 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The only thing sophisticated about the economy is the PLD's Thievery!
Written by: Atabey, 14 Sep 2012 8:38 AM
From: United States, NYC
"the fiscal pact would push the tax burden from 13% upt to 15%."
What exactly is meant by this? That the government will collect 15% of GDP this fiscal year?
How does this increase compare with other similar nations across the region?
DR has been, much like its close Latin Republics, a low tax nation for many generations. If 100% FULL DAY school participation from K-12, and the other social goals are to be met, far greater taxation will need to take place.
Written by: josean, 14 Sep 2012 8:46 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
No; far less waste on a corrupt and bloated government and spending on useless METROS!
From: United States, Brooklyn
the tax burden should be around 20%
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
Sophisticated?..... Damn, they really want this deal to go through.
jajajajajaja... When the word "Sophisticated" was used, the IMF past around leaflets with the meaning of the word. Then said "You guys can afford 15%, C'mon "Your system is So-Fist-ti-kate-ed"
While my Dum-in-a-canz try to read what was given.
1.(of a person, ideas, tastes, manners, etc.) altered by education, experience, etc., so as to be worldly-wise; not naive: a sophisticated young socialite; the sophisticated eye of a journalist.
2. pleasing or satisfactory to the tastes of sophisticates: sophisticated music.
3. deceptive; misleading.(Omitting Number THREE of course)
4. complex or intricate, as a system, process, piece of machinery, or the like: a sophisticated electronic control system.
5. of, for, or reflecting educated taste, knowledgeable use, etc.: Many Americans are drinking more sophisticated wines now.
Written by: anthonyC, 14 Sep 2012 9:23 AM
From: United States
The only thing the Tax burden should be is lower.
Can anyone with straight face tell me that the typical Dominican gets back in services and infrastructure even close to 1/2 of what they pay in taxes?
Written by: generoso, 14 Sep 2012 9:34 AM
From: Dominican Republic, United States
Not a good idea to increase taxes at this time, when the economy is down, retail sales sales are depressed, and the public is expecting more money in their pockets, not less.
The IMF is always looking to squeeze the poorer classes, instead public spending should be curtailed and streamlined.
Written by: josean, 14 Sep 2012 10:46 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Alpha66 is correct on this one proving the old cliche that even a broken clock is right twice a day!
Written by: JHCL2016, 14 Sep 2012 12:34 PM
From: United States, EN PUNTA CANA: Jose H Con Leonel 2016!
We first must pay then work in improving the system.
How do you expect good services before paying your fair share? So, primero paguemos los impuestos, by the way, 15% is not sufficient, we need it to be at least 25% and at most 35%, then demand better services.
Or do you think the Europeans first got better services before they started paying around 50% tax burden?
In their case, taxes came first, then better services!
Consejo para los PPHachunos: Pongan sus huevos para el '20, porque el '16 es también de Leonel PLD!
Stop whining, coge pa'lante y manos a la obra!
8-)
* Gracias Dios, tenemos a Leonel, a Danilo, y a Margarita *
Written by: josean, 14 Sep 2012 1:44 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"We first must pay then work in improving the system."
No Manito!
We must first improve the system, by eliminating the graft, pork barrels, thievery, nepotism, no-show jobs, excessive workforce, outrageous salaries and benefits and then we will see if anything additional is needed; which most like would be minimal, if anything at all.
Written by: JHCL2016, 14 Sep 2012 2:42 PM
From: United States, EN PUNTA CANA: Jose H Con Leonel 2016!
Nope, the only way we are going to improve the system is by investing in the system! Better education, better salaries, better social programs, once we satisfy the basic needs and then some more.
Then we can attack the bad traits in the Dominican culture, and you know what, the people will listen, learn, and respect the laws and institutions 'cause they will now HAVE SOMETHING TO LOSE (the basic services).
And to accomplish that, we need to generate the resources to fund the various programs!
In this case, the chicken came first!!!
8-)
Stop whining, coge pa'lante y manos a la obra!
8-)
* Gracias Dios, tenemos a Leonel, a Danilo, y a Margarita *
Written by: Atabey, 14 Sep 2012 4:03 PM
From: United States, NYC
The historic low tax environment evident in almost every nation in Latin America has produced the overwhelming poor infrastructure across much of LA. You can not develop a modern, developed economy without providing for greater AND EFFICIENT usage of taxation. 15% is low by international standards; and many in DR, as is the case for many across Latin America, want to keep it low. But low means less spending/investments in education, less in infrastructure-and all the other important items needed to move above the 3rd worldish conditions evident across much of Latin America and especially DR.
25% is the least amount DR needs to capture in order to move out of its current 3rd World station. How else will education investments be fully paid for and sustained? Remember that providing for a FULL 8 hour school, 200 days a year, K-12 National System will require far more than 4% of GDP. As will providing modern standards in roads, sanitation, health, and housing.
Written by: josean, 14 Sep 2012 4:07 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"Nope, the only way we are going to improve the system is by investing in the system! Better education, better salaries, better social programs, once we satisfy the basic needs and then some more."
Manito but your ETERNAL Hero Lie-onel, Contradicted you by investing in the largest Public Works Project in the History of the Republic FIRST; the USELESS METRO and the expense of the TURE National Priority EDUCATION!
Written by: Atabey, 14 Sep 2012 4:24 PM
From: United States, NYC
"Today, Business Pundit takes an honest look at twelve countries – six with the highest tax rates, and six with the lowest – and examines other facets of those economies with an eye toward possible correlations. Naturally, there are several different ways to assess the income tax burden a nation imposes – the lowest rate of income tax in a country, the highest rate, income tax on corporations, and the like. Depending on who is being taxed (say, someone making $10,000 per year vs. someone making $100,000), a nation’s income tax structure can look very different. For the sake of using one uniform measure, our article uses marginal income taxes on average income workers in a given country.
As will be seen throughout this article, most of the world’s highest tax rates can be found in western European nations. Belgium tops the list, with a marginal tax rate that goes as high as 54%."
With a marginal tax rate of 46.6 on average workers, Finland has the fourth highest such rate
Written by: Atabey, 14 Sep 2012 4:26 PM
From: United States, NYC
in the world. However, unlike many similarly taxed countries, Finland has managed to have a stronger overall economy despite its taxation."
Clocking in just beneath Finland is Germany, with a 45% marginal tax rate on average income workers."
Denmark clocks in as having the fourth highest tax rate in the world at 44.4%. "
As of 2006, the highest tax rate in Italy has been roughly 43%."
Finally, no discussion of highly taxed nations would be complete without including France. With a top marginal tax rate on average workers of about 40% (and a top tax on high-income workers of nearly 50%)"
Written by: Atabey, 14 Sep 2012 4:32 PM
From: United States, NYC
Perhaps unsurprisingly, the country with the lowest marginal tax rate on average income workers — Switzerland, at 20% — also boasts the world’s 7th highest GDP per capita at $43,196.
The United States is still relatively tax-friendly, with a marginal tax rate of around 27% on average income workers.
Australia, with a 31.5% marginal tax rate on average income workers,
Canada is taxed in a manner similar to that of the United States, imposing a 31.2% marginal tax rate on average income workers.
(Japan), it’s 33% marginal tax rate on average income workers represents one of the lowest in the world.
With a 32% marginal tax rate imposed on average income workers, the UK still qualifies as a relatively low-taxed nation"
Written by: Atabey, 14 Sep 2012 4:35 PM
From: United States, NYC
According to investopedia:
1. Mexico
In addition to being the lowest taxed country in the OECD report at 21.1% based on the latest available estimates, KPMG ranked Mexico as the best place to do business from an overall tax standpoint.
2. Turkey
Turkey imposes income taxes on both individuals and companies. In addition to these direct taxes, it levies a VAT of 18% and other indirect taxes. It's the second-lowest taxed country behind Mexico with a tax to GDP ratio of 23.5%, and is the world's 16th largest economy.
3. South Korea
Taxes weren't raised, thereby maintaining South Korea's position as one of the lowest taxed countries at a 26.6% aggregate tax burden.
. United States
With a total tax burden of approximately 26.9%
5. Ireland
Things have changed in Ireland since the OECD ranked it fifth on the lowest aggregate tax list at 28.3 percent.
According to The Heritage
Foundation
(2012)
Timor-Leste see reference
United Arab Emirates
Written by: Atabey, 14 Sep 2012 4:43 PM
From: United States, NYC
List of countries by tax revenue as percentage of GDP
From Wikipedia, the free encyclopedia
Timor-Leste see reference
United Arab Emirates 01.4
Kuwait 01.5
Equatorial Guinea 01.7
Oman 02.0
Qatar 02.2
Libya 02.7
Chad 04.2
Bahrain 04.8
Burma 04.9
Saudi Arabia 05.3
Angola 05.7
Congo, Republic of 05.9
Iran 06.1
Nigeria 06.1
Sudan 06.3
Afghanistan 06.4
Yemen 07.1
Algeria 07.7
Central African Republic 07.7
Cambodia 08.0
Guinea 08.2
Bangladesh 08.5
Haiti 09.4
Pakistan 10.2
Gabon 10.3
Sierra Leone 10.5
Panama 10.6
Bhutan 10.7
Madagascar 10.7
Syria 10.7
Laos 10.8
Nepal 10.9
Niger 11.0
Burkina Faso 11.5
Guinea-Bissau 11.5
Ethiopia 11.6
Guatemala 11.9
Comoros 12.0
Indonesia 12.0
Paraguay 12.0
Tanzania 12.0
Federated States of Micronesia 12.3
Taiwan 12.4
Uganda 12.6
Hong Kong 13.0
Congo, Democratic Republic
Written by: Atabey, 14 Sep 2012 4:46 PM
From: United States, NYC
Question for the posters: Where would you like to live? Equatorial Guinea at 01.7 tax burden so looks interesting UNTIL YOU CHECK OUT WHAT IT MEANS to actually live in a low taxed environment.
Taxation is the Price we pay for CIVILIZATION.
MORE efficient use of existing taxation, BUT more taxation is required.
Written by: josean, 14 Sep 2012 5:11 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The PURPLE Caca may be about to Hit the Proverbial fan!
“Danilo will need to confront Leonel or face the population, warns Malkun”
SANTO DOMINGO, Dominican Republic.-the President Danilo Medina is obliged to confront Leonel Fernandez or face the Dominican people, warned this Friday the Economist Jose Lois Malkun, former Governor of the Central Bank.
In a written statement entitled "information: the key to the success or failure of Danilo Medina", the specialist says that the current Dominican President is compelled to tell the people the truth about the economic situation he inherited from his predecessor, which means he would have to confront Leonel Fernandez, his party colleague, but if it does not he will end having to face off with the population, because adjustments imposed by the International Monetary Fund will be charged to the people, who will not accept them if they are not told the truth about the reality of the economy.
continued:
Written by: josean, 14 Sep 2012 5:13 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
He indicates that in relation to analyses and opinions of technical experts on the situation of the national economy, when asked, the common people usually respond “that there is a very large mess and more taxes more coming so that the same people continue stealing."
He also states that most think favorably of President Danilo Medina and recognize his good intentions, although they brand Leonel Fernandez as responsible for the crisis.
"Some classify Leonel as the worst enemy of the current Government for questioning austerity in international forums, while austerity is the theme that dominates the news", he said.
Says Fernandez hinders Medina, which he would not have done if the Hipólito Mejía had won, because supposedly he would have subjected Leonel to justice.
continued:
Written by: josean, 14 Sep 2012 5:14 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Following is the full statement of Jose Lois Malkun:
Please read the rest for yourself before Manito gets upset about having to scroll, at:
“El dilema de Danilo: entre decir la verdad al pueblo o callar para no enfrentarse a Leonel”
“Danilo tendrá que enfrentar a Leonel o enfrentar a la población, advierte Malkún “
acento.com.do/index.php/news/21487/56/Danilo-tendra-que-enfrentar-a-Leonel-o-enfrentar-a-la-poblacion-advierte-Malkun.html
Written by: juanb, 14 Sep 2012 8:13 PM
From: Dominican Republic
It's all very simple. For those who would blame the IMF the truth is:
You go to the IMF on your knees begging for them to save your sorry asses because you have stolen or wasted all your resources and are hugely in debt and literally unable to provide the most basic of service to the pueblo.
The IMF says, "Fine. We will lend you the money but if we do you must put your affairs in order. Cut your wastefullness, stop the robbery and corruption. In other words get your finances in order. If you do this we will lend you the money that you need. If not, we won't."
That means collecting taxes, as unpopular as that may be.(But really, if we can't collect for electricity how will we be able to collect taxes?)
The IMF did not come to us begging us to borrow money. We went to them. They don't need to lend us the money. We need to borrow it.
Those who look to blame the IMF are fools.
It's all very simple.
From: Canada
Juan,
What you said. A broad brush definition - to be sure - but you're bang on the point none the less.
It's very easy - and understandable - to see this as no more than trying to squeeze blood from a stone. But perhaps this is the first step in the long and difficult process of trying to 'unscramble an egg'. The knife's edge in this recovery is 'mind set'. You can throw as much medicine as you want at a critically ill patient, but if the patient cannot provide the spirit to recover, then it can all be for naught.
More education through communication is required. I understand mistrust and suspicion fostered from years of oppression, but everyone must grab the rope and pull lest the RD slides further into the abyss.
Time, communication, trust, and leadership by example are the only things that will help get all four wheels back onto the road.
Written by: josean, 16 Sep 2012 2:33 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The next President Guillermo Moreno 2016, speaks out!
“Guillermo Moreno: "Is spending, not taxes, what to needs to be reviewed"
“He considers that the right path is, first and foremost, that the Government assumes the commitment to our society to substantially improve the quality of public expenditure”
SANTO DOMINGO, Dominican Republic.-The President of Country Alliance party, Guillermo Moreno, stated that the Government "must first make costs transparent, and only then, if it is necessary, talk of new taxes."
Mr. Moreno sounds like josean!
Moreno stated that is the requirement that Dominicans should make of the Government "and we have to act now, because the President Danilo Medina is already negotiating an agreement with the International Monetary Fund (IMF)".
He stressed that the signing of an agreement with the IMF would mean NEW TAXES, INCREASE IN THE ELECTRICITY TARIFF and "CARD BLANCHE for the Government to KEEP INDEBTING the Dominican State".
continued:
Written by: josean, 16 Sep 2012 2:34 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"By going to negotiate with the IMF, the Government took the wrong path".
In other words; “Its Spending Stupid Not New Taxes!”
See Dr. Moreno’s video interview at:
“Guillermo Moreno: “Es el gasto, no los impuestos, lo que hay que revisar”
acento.com.do/index.php/news/21503/56/Guillermo-Moreno-Es-el-gasto-no-los-impuestos-lo-que-hay-que-revisar.html
Written by: josean, 16 Sep 2012 2:55 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The Bloated Bureaucracy created by Lie-onel Fernandez and the Narco PLD!
Government Payroll
Increases 2007 2010 2011 Ag. 2012 2007- 12 %
Central Goverment 275,201 308,702 356,669 365,760 90,559 32.90
Decentralized Sector 98,782 135,893 142,395 259,009 160,227 162.20
Total State Payroll 456,924 577,144 645,751 777,631 320,707 70.18
Source: General Comptroller of the Republic
Written by: josean, 16 Sep 2012 3:04 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Facts the Purple Clowns and Lie-onel Apologists that post on DT….DON’T WANT YOU TO KNOW!
“Sociologist Candido Mercedes, a management expert, argues that with a state employee for every 11 electors and one for every 13 inhabitants, Dominican Republic is situated along with Venezuela and Argentina in the continental leadership in bureaucratic burden. With the disadvantage that Dominican Republic has much fewer resources. Another negative distinction for this nation.”
Source:
acento.com.do/index.php/news/21512/56/Analisis-de-Juan-Bolivar-Diaz-Dilema-del-gobierno-FMI-o-Sociedad-Civil.html
Written by: josean, 16 Sep 2012 3:16 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Danilo and the PLD use the Boogeyman of the IMF to scare the pubic into agreeing to more taxes to cover-up Lie-onel’s and the PLD’s Political Committee robbery of the last 8 years:
“For his part the Economist Miguel Ceará Hatton (Hoy on Friday) after complaining about Government waste that has generated "a fiscal hole larger than Baninter “ argues that "this structured policy turned into a tremendous corporation of complicity, impunities and corruption that now goes in search of the IMF to tell the country that we should pay more taxes."
Source:
acento.com.do/index.php/news/21512/56/Analisis-de-Juan-Bolivar-Diaz-Dilema-del-gobierno-FMI-o-Sociedad-Civil.html
If the IMF goes into and agreement with the Narco PLD thye will be ACCESSORIES AFTER THE FACT TO THE CRIME!
Or then again maybe they knew all along and kept the mouth shout after taking their cut from the top!
Written by: josean, 16 Sep 2012 4:21 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Poll
"Should President Danilo Medina inform the country about financial condition of the economy when Leonel Fernández turned over power to him?"
Yes 96% (2038 votes)
No 4% (80 votes)
Total Votes 2118
Acento.com
From: Falkland Islands (Islas Malvinas), The Dentist will see you now
Please enough stop the Rubbish stop the Insanity ......Stop the whining and complaining ad nauseum ...Josie i beseech you seek profesional help
Written by: josean, 17 Sep 2012 3:23 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
I know you have an Incurable Pathological Allergic Reaction to Facts and the Truth!
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The only thing sophisticated about the economy is the PLD's Thievery!
"the fiscal pact would push the tax burden from 13% upt to 15%."
What exactly is meant by this? That the government will collect 15% of GDP this fiscal year?
How does this increase compare with other similar nations across the region?
DR has been, much like its close Latin Republics, a low tax nation for many generations. If 100% FULL DAY school participation from K-12, and the other social goals are to be met, far greater taxation will need to take place.
No; far less waste on a corrupt and bloated government and spending on useless METROS!
the tax burden should be around 20%
jajajajajaja... When the word "Sophisticated" was used, the IMF past around leaflets with the meaning of the word. Then said "You guys can afford 15%, C'mon "Your system is So-Fist-ti-kate-ed"
While my Dum-in-a-canz try to read what was given.
1.(of a person, ideas, tastes, manners, etc.) altered by education, experience, etc., so as to be worldly-wise; not naive: a sophisticated young socialite; the sophisticated eye of a journalist.
2. pleasing or satisfactory to the tastes of sophisticates: sophisticated music.
3. deceptive; misleading.(Omitting Number THREE of course)
4. complex or intricate, as a system, process, piece of machinery, or the like: a sophisticated electronic control system.
5. of, for, or reflecting educated taste, knowledgeable use, etc.: Many Americans are drinking more sophisticated wines now.
The only thing the Tax burden should be is lower.
Can anyone with straight face tell me that the typical Dominican gets back in services and infrastructure even close to 1/2 of what they pay in taxes?
The IMF is always looking to squeeze the poorer classes, instead public spending should be curtailed and streamlined.
Alpha66 is correct on this one proving the old cliche that even a broken clock is right twice a day!
How do you expect good services before paying your fair share? So, primero paguemos los impuestos, by the way, 15% is not sufficient, we need it to be at least 25% and at most 35%, then demand better services.
Or do you think the Europeans first got better services before they started paying around 50% tax burden?
In their case, taxes came first, then better services!
Consejo para los PPHachunos: Pongan sus huevos para el '20, porque el '16 es también de Leonel PLD!
Stop whining, coge pa'lante y manos a la obra!
8-)
* Gracias Dios, tenemos a Leonel, a Danilo, y a Margarita *
"We first must pay then work in improving the system."
No Manito!
We must first improve the system, by eliminating the graft, pork barrels, thievery, nepotism, no-show jobs, excessive workforce, outrageous salaries and benefits and then we will see if anything additional is needed; which most like would be minimal, if anything at all.
Then we can attack the bad traits in the Dominican culture, and you know what, the people will listen, learn, and respect the laws and institutions 'cause they will now HAVE SOMETHING TO LOSE (the basic services).
And to accomplish that, we need to generate the resources to fund the various programs!
In this case, the chicken came first!!!
8-)
Stop whining, coge pa'lante y manos a la obra!
8-)
* Gracias Dios, tenemos a Leonel, a Danilo, y a Margarita *
The historic low tax environment evident in almost every nation in Latin America has produced the overwhelming poor infrastructure across much of LA. You can not develop a modern, developed economy without providing for greater AND EFFICIENT usage of taxation. 15% is low by international standards; and many in DR, as is the case for many across Latin America, want to keep it low. But low means less spending/investments in education, less in infrastructure-and all the other important items needed to move above the 3rd worldish conditions evident across much of Latin America and especially DR.
25% is the least amount DR needs to capture in order to move out of its current 3rd World station. How else will education investments be fully paid for and sustained? Remember that providing for a FULL 8 hour school, 200 days a year, K-12 National System will require far more than 4% of GDP. As will providing modern standards in roads, sanitation, health, and housing.
"Nope, the only way we are going to improve the system is by investing in the system! Better education, better salaries, better social programs, once we satisfy the basic needs and then some more."
Manito but your ETERNAL Hero Lie-onel, Contradicted you by investing in the largest Public Works Project in the History of the Republic FIRST; the USELESS METRO and the expense of the TURE National Priority EDUCATION!
"Today, Business Pundit takes an honest look at twelve countries – six with the highest tax rates, and six with the lowest – and examines other facets of those economies with an eye toward possible correlations. Naturally, there are several different ways to assess the income tax burden a nation imposes – the lowest rate of income tax in a country, the highest rate, income tax on corporations, and the like. Depending on who is being taxed (say, someone making $10,000 per year vs. someone making $100,000), a nation’s income tax structure can look very different. For the sake of using one uniform measure, our article uses marginal income taxes on average income workers in a given country.
As will be seen throughout this article, most of the world’s highest tax rates can be found in western European nations. Belgium tops the list, with a marginal tax rate that goes as high as 54%."
With a marginal tax rate of 46.6 on average workers, Finland has the fourth highest such rate
in the world. However, unlike many similarly taxed countries, Finland has managed to have a stronger overall economy despite its taxation."
Clocking in just beneath Finland is Germany, with a 45% marginal tax rate on average income workers."
Denmark clocks in as having the fourth highest tax rate in the world at 44.4%. "
As of 2006, the highest tax rate in Italy has been roughly 43%."
Finally, no discussion of highly taxed nations would be complete without including France. With a top marginal tax rate on average workers of about 40% (and a top tax on high-income workers of nearly 50%)"
The United States is still relatively tax-friendly, with a marginal tax rate of around 27% on average income workers.
Australia, with a 31.5% marginal tax rate on average income workers,
Canada is taxed in a manner similar to that of the United States, imposing a 31.2% marginal tax rate on average income workers.
(Japan), it’s 33% marginal tax rate on average income workers represents one of the lowest in the world.
With a 32% marginal tax rate imposed on average income workers, the UK still qualifies as a relatively low-taxed nation"
1. Mexico
In addition to being the lowest taxed country in the OECD report at 21.1% based on the latest available estimates, KPMG ranked Mexico as the best place to do business from an overall tax standpoint.
2. Turkey
Turkey imposes income taxes on both individuals and companies. In addition to these direct taxes, it levies a VAT of 18% and other indirect taxes. It's the second-lowest taxed country behind Mexico with a tax to GDP ratio of 23.5%, and is the world's 16th largest economy.
3. South Korea
Taxes weren't raised, thereby maintaining South Korea's position as one of the lowest taxed countries at a 26.6% aggregate tax burden.
. United States
With a total tax burden of approximately 26.9%
5. Ireland
Things have changed in Ireland since the OECD ranked it fifth on the lowest aggregate tax list at 28.3 percent.
According to The Heritage
Foundation
(2012)
Timor-Leste see reference
United Arab Emirates
List of countries by tax revenue as percentage of GDP
From Wikipedia, the free encyclopedia
Timor-Leste see reference
United Arab Emirates 01.4
Kuwait 01.5
Equatorial Guinea 01.7
Oman 02.0
Qatar 02.2
Libya 02.7
Chad 04.2
Bahrain 04.8
Burma 04.9
Saudi Arabia 05.3
Angola 05.7
Congo, Republic of 05.9
Iran 06.1
Nigeria 06.1
Sudan 06.3
Afghanistan 06.4
Yemen 07.1
Algeria 07.7
Central African Republic 07.7
Cambodia 08.0
Guinea 08.2
Bangladesh 08.5
Haiti 09.4
Pakistan 10.2
Gabon 10.3
Sierra Leone 10.5
Panama 10.6
Bhutan 10.7
Madagascar 10.7
Syria 10.7
Laos 10.8
Nepal 10.9
Niger 11.0
Burkina Faso 11.5
Guinea-Bissau 11.5
Ethiopia 11.6
Guatemala 11.9
Comoros 12.0
Indonesia 12.0
Paraguay 12.0
Tanzania 12.0
Federated States of Micronesia 12.3
Taiwan 12.4
Uganda 12.6
Hong Kong 13.0
Congo, Democratic Republic
Taxation is the Price we pay for CIVILIZATION.
MORE efficient use of existing taxation, BUT more taxation is required.
The PURPLE Caca may be about to Hit the Proverbial fan!
“Danilo will need to confront Leonel or face the population, warns Malkun”
SANTO DOMINGO, Dominican Republic.-the President Danilo Medina is obliged to confront Leonel Fernandez or face the Dominican people, warned this Friday the Economist Jose Lois Malkun, former Governor of the Central Bank.
In a written statement entitled "information: the key to the success or failure of Danilo Medina", the specialist says that the current Dominican President is compelled to tell the people the truth about the economic situation he inherited from his predecessor, which means he would have to confront Leonel Fernandez, his party colleague, but if it does not he will end having to face off with the population, because adjustments imposed by the International Monetary Fund will be charged to the people, who will not accept them if they are not told the truth about the reality of the economy.
continued:
He indicates that in relation to analyses and opinions of technical experts on the situation of the national economy, when asked, the common people usually respond “that there is a very large mess and more taxes more coming so that the same people continue stealing."
He also states that most think favorably of President Danilo Medina and recognize his good intentions, although they brand Leonel Fernandez as responsible for the crisis.
"Some classify Leonel as the worst enemy of the current Government for questioning austerity in international forums, while austerity is the theme that dominates the news", he said.
Says Fernandez hinders Medina, which he would not have done if the Hipólito Mejía had won, because supposedly he would have subjected Leonel to justice.
continued:
Following is the full statement of Jose Lois Malkun:
Please read the rest for yourself before Manito gets upset about having to scroll, at:
“El dilema de Danilo: entre decir la verdad al pueblo o callar para no enfrentarse a Leonel”
“Danilo tendrá que enfrentar a Leonel o enfrentar a la población, advierte Malkún “
acento.com.do/index.php/news/21487/56/Danilo-tendra-que-enfrentar-a-Leonel-o-enfrentar-a-la-poblacion-advierte-Malkun.html
It's all very simple. For those who would blame the IMF the truth is:
You go to the IMF on your knees begging for them to save your sorry asses because you have stolen or wasted all your resources and are hugely in debt and literally unable to provide the most basic of service to the pueblo.
The IMF says, "Fine. We will lend you the money but if we do you must put your affairs in order. Cut your wastefullness, stop the robbery and corruption. In other words get your finances in order. If you do this we will lend you the money that you need. If not, we won't."
That means collecting taxes, as unpopular as that may be.(But really, if we can't collect for electricity how will we be able to collect taxes?)
The IMF did not come to us begging us to borrow money. We went to them. They don't need to lend us the money. We need to borrow it.
Those who look to blame the IMF are fools.
It's all very simple.
What you said. A broad brush definition - to be sure - but you're bang on the point none the less.
It's very easy - and understandable - to see this as no more than trying to squeeze blood from a stone. But perhaps this is the first step in the long and difficult process of trying to 'unscramble an egg'. The knife's edge in this recovery is 'mind set'. You can throw as much medicine as you want at a critically ill patient, but if the patient cannot provide the spirit to recover, then it can all be for naught.
More education through communication is required. I understand mistrust and suspicion fostered from years of oppression, but everyone must grab the rope and pull lest the RD slides further into the abyss.
Time, communication, trust, and leadership by example are the only things that will help get all four wheels back onto the road.
The next President Guillermo Moreno 2016, speaks out!
“Guillermo Moreno: "Is spending, not taxes, what to needs to be reviewed"
“He considers that the right path is, first and foremost, that the Government assumes the commitment to our society to substantially improve the quality of public expenditure”
SANTO DOMINGO, Dominican Republic.-The President of Country Alliance party, Guillermo Moreno, stated that the Government "must first make costs transparent, and only then, if it is necessary, talk of new taxes."
Mr. Moreno sounds like josean!
Moreno stated that is the requirement that Dominicans should make of the Government "and we have to act now, because the President Danilo Medina is already negotiating an agreement with the International Monetary Fund (IMF)".
He stressed that the signing of an agreement with the IMF would mean NEW TAXES, INCREASE IN THE ELECTRICITY TARIFF and "CARD BLANCHE for the Government to KEEP INDEBTING the Dominican State".
continued:
"By going to negotiate with the IMF, the Government took the wrong path".
In other words; “Its Spending Stupid Not New Taxes!”
See Dr. Moreno’s video interview at:
“Guillermo Moreno: “Es el gasto, no los impuestos, lo que hay que revisar”
acento.com.do/index.php/news/21503/56/Guillermo-Moreno-Es-el-gasto-no-los-impuestos-lo-que-hay-que-revisar.html
The Bloated Bureaucracy created by Lie-onel Fernandez and the Narco PLD!
Government Payroll
Increases 2007 2010 2011 Ag. 2012 2007- 12 %
Central Goverment 275,201 308,702 356,669 365,760 90,559 32.90
Decentralized Sector 98,782 135,893 142,395 259,009 160,227 162.20
Total State Payroll 456,924 577,144 645,751 777,631 320,707 70.18
Source: General Comptroller of the Republic
Facts the Purple Clowns and Lie-onel Apologists that post on DT….DON’T WANT YOU TO KNOW!
“Sociologist Candido Mercedes, a management expert, argues that with a state employee for every 11 electors and one for every 13 inhabitants, Dominican Republic is situated along with Venezuela and Argentina in the continental leadership in bureaucratic burden. With the disadvantage that Dominican Republic has much fewer resources. Another negative distinction for this nation.”
Source:
acento.com.do/index.php/news/21512/56/Analisis-de-Juan-Bolivar-Diaz-Dilema-del-gobierno-FMI-o-Sociedad-Civil.html
Danilo and the PLD use the Boogeyman of the IMF to scare the pubic into agreeing to more taxes to cover-up Lie-onel’s and the PLD’s Political Committee robbery of the last 8 years:
“For his part the Economist Miguel Ceará Hatton (Hoy on Friday) after complaining about Government waste that has generated "a fiscal hole larger than Baninter “ argues that "this structured policy turned into a tremendous corporation of complicity, impunities and corruption that now goes in search of the IMF to tell the country that we should pay more taxes."
Source:
acento.com.do/index.php/news/21512/56/Analisis-de-Juan-Bolivar-Diaz-Dilema-del-gobierno-FMI-o-Sociedad-Civil.html
If the IMF goes into and agreement with the Narco PLD thye will be ACCESSORIES AFTER THE FACT TO THE CRIME!
Or then again maybe they knew all along and kept the mouth shout after taking their cut from the top!
Poll
"Should President Danilo Medina inform the country about financial condition of the economy when Leonel Fernández turned over power to him?"
Yes 96% (2038 votes)
No 4% (80 votes)
Total Votes 2118
Acento.com
I know you have an Incurable Pathological Allergic Reaction to Facts and the Truth!