Economy July 3, 2024 | 4:20 pm

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Tax reform to boost economic growth in the Dominican Republic

Santo Domingo.- Minister of Economy, Planning, and Development Pavel Isa Contreras emphasized that tax reform should be viewed as part of a broader set of reforms aimed at sustaining and accelerating economic growth and enhancing its impact on public well-being.

Speaking at the “Discussion Forum on Tax Reform” organized by the Santo Domingo Institute of Technology (INTEC), Isa Contreras explained that tax reform must generate sufficient resources to ensure macroeconomic stability and enable the state to provide essential public goods for development and well-being.

“We must aim to sustain or increase economic growth and promote well-being for more people through better jobs and public services,” said Isa Contreras. He also noted that the reform should help reduce inequalities and strengthen state effectiveness.

“Even if the tax reform is not progressive, other reforms must be powerful enough to reduce inequalities,” he stressed.

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Paul Tierney
July 3, 2024 4:57 pm

No matter how tax reform is painted by the spin doctors it will mean more taxes are to be burdened by the middle class.

John Gracefield
July 4, 2024 1:29 pm

How does the government justify spending $32 million pesos to recently destroy and rebuild a four year old park in Guayacanes? It was not necessary in a community where many people need money for food and medicine.

July 5, 2024 1:24 pm

This man is a known traitor. They have received more than 40 billion dollars in loans. And no one knows where the money went. This is the same man that called the Dominican Republic racist and xenophobic against Haitians. I’m surprised this man still has a job. In reality we are spending billions on Haitians going to school and receiving health care.