Economy

Economy August 10, 2016 | 9:03 am

Fuel subsidy means RD$2.0+B in lost revenue, ‘unfair’ competition’

Santo Domingo.- The government’s monthly tax break on aroundfour million gallons of fuel means more than RD$2.0 billion in lost revenue, asituation the Society of Fuel and Derivatives Companies (SEC), says should be eliminatedor geared toward benefiting consumers.

It said the tax break on fuels distorts the market to the detrimentof consumers, distribution companies and state coffers.... Read more

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