Guatemalan legislators press for diesel tax cut
Opposition legislators have called a special session of Guatemala's Congress to discuss a proposal to abolish the value-added tax on diesel.
Thursday, May 29, 2008
As high diesel prices threaten to raise food prices and fares on public transport, the legislators say the tax cut is the only way to avoid a crisis.
Guatemala's government faces an uphill battle in Congress to win approval for its plans to reduce retail taxes on gasoline and diesel.
Government and producers have agreed to amend the Fiscal Equity Act to reduce the costs of food production.
Legislators from several Costa Rican parties favor abolition of the sales tax on diesel, but only so long as there is no increase in gasoline prices.
Costa Rica's legislators rejected the government's proposal to increase taxes on gasoline in order to remove them from diesel.
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