Today: October 17, 2024
October 17, 2024
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It is urgent to review the tax reform proposal

It is urgent to review the tax reform proposal

In addition to a possible increase of pricesto a group of economists They are concerned about the direction the economy will take if the proposed reform fiscal It is not analyzed in depth to avoid distortions and overloads on productive sectors.

Yesterday, the Senate Office, led by the senator of the National District Omar Fernández, raised the dialogue on the future application of a reform fiscal in the country for a forum entitled “Fiscal Dialogue, Challenges and Opportunities”, in which the economists Jaime Aristy Escuder and Mercedes Carrasco; the former officials of the General Directorate of Internal Taxes (DGII) Magín Díaz and Germania Montás. Also, the economist Luis Alberto Rodríguez from Colombia.

Among the most pressing points to analyze, they cited the issue of constructionhe taxes to savings, the application of Tax on Transfers of Industrialized Goods and Services (Itbis) to 120 products of the basic basket and other essential services and the elimination of incentives to productive sectors in the country.

Regarding the Tax of Heritage Real Estate (IPI), which contemplates the proposal of reform fiscalAristy indicated that the ideal would not be to lower it from 10 million to 5, but rather it could be from 10 to 7, lower the rates and concentrate the update process in the upper part of the curve “so that in this way you pay more, obviously , the one who has to pay the most, which are the upper segments of the population.

While Montás explained that the strategy should never have included elimination of laws of incentives. “The carpentry work that is part of a reform of this magnitude was not done and that work is arduous, it is complex, and when you make a decision: I tax everything or I eliminate all the laws of incentivesI’m going down a very easy path. I think that in the end the result is not going to be what was desired,” he explained.

In that order, Carrasco addressed the issue of sector electric and its impact on the budget, pointing out that it represents 40% of the government deficit, so he considers that addressing that part and the increase of public spending due to the increase in payroll, in the country it would not be necessary to apply a reform of that magnitude.

Another element to highlight was the evasion fiscalconsidered one of the most pressing actions to develop. However, experts pointed out a lack of management and control. “There is no evidence that there has been a major fight against evasion These four years, the data does not say that, collections are stagnant at the level of 2019, what there has been is an extraordinary collection,” Díaz considered.

What worries you most about the proposal

  • It is urgent to review the tax reform proposalGermania Montas

Former deputy director of the DGII

“I am particularly concerned about the direction taken in the taxation of individuals, which I believe goes in the opposite direction to what should be good practice.” ” class=”w-full object-cover lazy”/>

Germania Montas

Former deputy director of the DGII

“I am particularly concerned about the direction taken in the taxation of individuals, which I believe goes in the opposite direction to what should be good practice.”

  • Expand image
    It is urgent to review the tax reform proposalMagin Diaz

  • Former director of the DGII

    “There are some specific companies that have abused some laws, so that must be controlled, and there are others that do not need such a generous incentive.” class=”w-full object-cover lazy”/>

    Magin Diaz

    Former director of the DGII

    “There are some specific companies that have abused some laws, so that must be controlled, and there are others that do not need such a generous incentive.”

  • Expand image
    It is urgent to review the tax reform proposalMercedes Carrasco

  • Economist

    “Never before, in the 40 years of history of the VAT or Itbis, have so many items been included in the (basic family) basket. 120 products fall directly into the food group.” ” class=”w-full object-cover lazy”/>

    Mercedes Carrasco

    Economist

    “Never before, in the 40 years of history of the VAT or Itbis, have so many items been included in the (basic family) basket. 120 products fall directly into the food group.”

    Dominican journalist specialized in economics and finance, graduated from the Dominican O&M University.

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