Economy

Economy January 7, 2015 | 10:15 am

Tax jump on staples also hobbles merchants, business leader warns

Santo Domingo.- The 2%jump of the sales tax (ITEBIS) on several staples not only affects the pockets ofa low-income population but also merchants whose sales could plunge as much as38 percent.

“When prices climb consumersbuy less,” warned National Merchants Council president Antonio Cruz on Wednesday.

He said that’s whattook place in January 2014when the ITEBIS climbed from 8 ... Read more

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