The main political parties running in the upcoming presidential and legislative election point to the need for tax reform.
Johnny Araya, candidate for the Partido Liberación Nacional, believes what should be done is to "create a National Tax Agency (NTA), to improve collection, as a decentralized agency of the Treasury, with a special procurement regime. Study the decentralization of the Customs Department, for tax collection and national security purposes . Promote tax adjustments, justified not only by the deficit but by the current low relationship between the tax burden and GDP ", reported Financierocr.com.
A bill in Congress could expand the state monopoly held by Recope to the LNG market.
Nacion.com reports: "The initiative was presented by five members of the Citizen Action Party (PAC by its initials in Spanish), with the intention of safeguarding the hydrocarbon, taking into account a legal loophole which could leave it outside of state control. If the law reform comes to fruition it would create a monopoly on liquefied natural gas, just as with other fuels. "
New taxes for businesses in free zones contained in the draft fiscal amendment, are bringing insecurity and threatening the investment climate.
The tax advantages that have made Costa Rica an attractive country for foreign investment could disappear with the approval of a tax package pact agreed between the ruling party and the opposition Citizens Action Party.
The sum of the expenses of the four main political parties in Costa Rica for the elections of February 2010 reached $45 million.
El Partido Liberación Nacional (PLN) spent $17 million and the Partido Unidad Social Cristiana (PUSC) reached $14 million while the Partido Acción Ciudadana (PAC) budget was almost $10 million. The election-related expenses for Alianza Patriótica was $5.6 million.
The Government of Costa Rica is putting emphasis on social spending and investment in public works as measures to deal with the contraction of the economy.
Labor flexibility, expansion of unemployment benefits, adjustment of rates for credit at state banks, the reduction of work hours, increase in pension benefits, are some of the measures announced in the "Plan Escudo" (Shield Plan).
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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