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Thursday, July 27, 2006 


July, 27 - 10:33 AM

Economist Victor Canto suggests taxes unification to stop evasion

SANTO DOMINGO.- Economist Víctor Canto proposed yesterday for the government to establish only two 15% taxes, Industrial Goods Transference, ITEBIS (sales tax), and Capital Gain, the collections of such would be more efficient, the fiscal evasion would be avoided and the economic growth would be uniform therefore it would benefit all Dominicans the same way.

The specialist in economic subjects made the declarations during a press conference in which economists Marino Ginebra and Roberto Martinez also participated.

Canto, who has resided for years in the United States, but closely follows the Dominican unfolding economics, said: “if opportunities and growth are created, the problem is solved, now there is an opportunity problem, its necessary to grow and produce, when those two take place it pays off".

He noted that economic well being is not present in the people’s pockets.

The economist reiterated “when there is growth, its easy for people to find employment; and this is not happening in Dominican Republic”.

He said “there is growth but, it is not uniform, there are some that have it real good and lots that have it real bad”.

Dominican Today - Portal Alta Tecnologia

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