Economy August 9, 2018 | 1:08 pm

Tax burden again topped industrialists’ concerns in 2Q

Santo Domingo.-  The tax burden tops the factors that concern Dominican industrialists in the April-June quarter, with 27% of the responses to the quarterly Industrial Situation Survey of the Dominican Industries Association (AIRD).

In second and third place among the factors that negatively affect competitiveness were the cost of raw materials and unfair competition and contraband, with 15% each.

The tax burden has held second or first place since the Index’s emergence in the first quarter of 2015, except for the July-September 2017 quarter when it ranked third.

Meanwhile, the “cost of raw material” remains in second place two consecutive semesters and “unfair competition and contraband” goes from fourth to third place. There are 14 factors that are considered key for a competitive national industry.

The ranking determines in order of importance, which are the main factors that have a negative impact on the competitiveness of the industrial sector, as well as its importance and weight in a given period of conjuncture.

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