Nicaragua: Breeders Reject Tax Reform
The National Breeders Commission (Conagán), indicated they will not accept being taxed further.
Thursday, September 3, 2009
René Blandón, president of the Commission, said that a tax increase will demotivate livestock breeders.
The Superior Council of Private Enterprise, COSEP, considers that this is not the time to negotiate a tax reform.
An increase tax revenues is necessary to fund social programs and infrastructure.
The proposed tax legislation called "Ley de Concertación Tributaria" (Tax Concertation Law), introduced by the Government, will be postponed until 2010, in light of strong rejection by several economic sectors.
Topics related to tax increases and the fiscal industry are to be addressed in the revision of the law.
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