Costa Rican legislators reject higher taxes on gasoline

Costa Rica's legislators rejected the government's proposal to increase taxes on gasoline in order to remove them from diesel.

Wednesday, July 16, 2008

Under a deal struck by the legislators and the executive, the shortfall in the nation's finances will be met instead by increased taxes on offshore banking, luxury vehicles, cigarettes, gambling and liquor.

More on this topic

Tax Cut Agreement in Nicaragua

January 2012

Government and producers have agreed to amend the Fiscal Equity Act to reduce the costs of food production.

Representatives of the Higher Council of the Private Enterprise (COSEP) and the government met to discuss ways to alleviate the increase in food prices, caused especially by the rise in electrical energy costs.

Costa Rican legislators back removal of tax on diesel

July 2008

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.

The government had proposed removing the diesel tax but increasing the tax on gasoline.

Guatemala faces battle in Congress over measures to cut gasoline taxes

June 2008

Guatemala's government faces an uphill battle in Congress to win approval for its plans to reduce retail taxes on gasoline and diesel.

In order to win approval for the plan, the government needs the backing of 105 of the 158 members of the Lower House, but opposition parties who have 74 seats between them say they oppose the measures.

Guatemalan legislators press for diesel tax cut

May 2008

Opposition legislators have called a special session of Guatemala's Congress to discuss a proposal to abolish the value-added tax on diesel.

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.

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