Salvadoran Businessmen Oppose Higher Taxes
Private business leaders spoke out against the creation of new taxes and increasing income tax.
Thursday, February 10, 2011
"The private sector struggles between uncertainty and anger, after a study by Eurasia ensures that the Salvadoran Government is expected to approve an increase to the ceiling of income tax, a new estate tribute and a security levy," Laprensagrafica.com reports.
The government has agreed to modify the terms of the tax reform proposal to take into account criticisms made by the private sector.
The Government will create a commission to discuss the tax reform project with private enterprises.
The new tax rules came into effect today, after being published in the official government newspaper.
The private sector is opposed to the conditions in the third reform package the outgoing government intends to implement, claiming that state expenditures should be reduced first.
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