More Taxes in Guatemala
The Government is requesting approval of a new tax package, for financing increased spending by the State.
Wednesday, August 26, 2009
The editorial in newspaper "El Periódico de Guetemala", recalls campaign promises by President Colom, of not raising taxes. The government is instead pushing for increases, at a time when tax cuts should be done to fight the economic crisis.
Governments should control tax evasion, expand the tax base and combat corruption, increasing revenue to finance the fight against insecurity.
Increased economic activity and tax collection imply that increasing taxes will be counterproductive.
FUSADES, the Salvadoran Development Foundation, insisted that the country must land a tax agreement including more than tax increases.
With the new taxes the government intends to raise between $200 and $250 million.
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