Rolando Del Cid Pinillos, Finance Minister, said that this time, the government will not make a large public consultation, but will negotiate with all productive sectors on a case-to-case basis.
"We need to study tax breaks, because there are some that are no longer useful and may disappear, we are checking thoroughly to remove these privileges," the minister told Sigloxxi.com,"... the government is in disposition of giving in order to get."
Economists and former officials from the government make up the G-40 team, which is promoting fiscal reform.
The team of former Ministers of Finance, economists, former government officials and researchers from different ideological persuasions, aims to resurrect the financial proposal by the Tax Dialogue Promotion Group ("Grupo Promotor del Diálogo Fiscal") which was presented in 2008.
Finance Minister Fernando Herrero said that "our efforts should be focused on increasing tax income through administrative and legislative measures".
Herrero is working on a tax reform bill, which aims to unify previous projects into one update. Now, through a press release, the minister announced administrative measures: "a renewed effort in collecting the tax delinquent portfolio (which amounts to more than $ 13 million), a more intense audit of high-risk groups from an evasion point of view (liberal professionals, medium-commerce), informal businesses and combating smuggling. "
Funides, the Nicaraguan Foundation for Economic and Social Development, published a document called “Discussion on Nicaragua’s Tax Reform”.
The study comprises various sections. Funides starts by making a brief history of the country’s public finances, and discusses the basis for a healthy tax system. It analyzes the road ahead and proposes topics to be considered before deciding the scope of a tax reform.
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