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Business leaders reject Costa Rica’s fiscal reform

Thursday, October 6, 2011

Costa Rican business leaders are for the most part opposed to new taxes.

Their opposition to the government’s proposed fiscal reform is aimed at its keynote, an increase in value-added tax.

The proposal means an increase from 13 to 14 percent in the tax, as well as much broader coverage of the services on which it is imposed. As a result, consumer demand will be reduced to the detriment of all sectors, the business leaders argue.

Original source (in Spanish): La República