No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveTax Plan Faces New Controversy

Tax Plan Faces New Controversy

THE proposed Permanent FiscalReform Package, already the topic ofcontroversy in the Legislative Assembly,has sparked a new debate: are 29 votesrequired for its approval, or 38?According to the daily La Nación, theanswer to the question seems to dependon whom one asks.The Patriotic Bloc and LibertarianMovement Party, which both oppose thetax plan, argue that because the bill concedespowers to tax authorities not grantedin the Constitution, 38 votes arerequired for its passage.The plan’s supporters, including theNational Liberation Party (PLN) andCitizen Action Party (PAC) argue that thepowers granted to tax authorities are notnew and a majority of the 57-memberassembly (29 votes) is all that is neededto pass the plan.Adrián Torrealba, expert in tax lawand former General Taxation Director,told La Nación the Libertarian MovementParty’s argument is baseless.The decision about how many votesare needed lies in the hands of assemblypresident Gerardo González, of the SocialChristian Unity Party (PUSC), who toldthe daily he is aware of the controversybut will not make a decision until a votedraws near.That day may be far off, since theassembly’s first priority in November isto approve a 2005 national budget.Discussion of the proposed budget,which has sparked plenty of controversyof its own regarding the division of fundsbetween interest payments on the nationaldebt and other government programs,began this week and must be completedby midnight on Nov. 30 (TT, Oct. 29).

Trending Now

Costa Rica Backs Panama in Escalating China Shipping Dispute

Panama announced yesterday it will sanction a Chinese consortium for alleged breaches on a canal-related infrastructure project as detentions of Panamanian-flagged vessels in Chinese...

The Story of Costa Rica’s Famous Railroad to Limón

Few stories in Costa Rican history are as dramatic, costly, and consequential as the construction of the railroad connecting San José to the Caribbean...

Is It Viable to Apply a Tax on the Ultra-Rich in Latin America?

Applying the "Zucman tax," a levy on large fortunes, in seven Latin American countries would make it possible to raise $24 billion a year...

The History of Pirate Raids Along Costa Rica’s Coast

Long before Costa Rica became synonymous with cloud forests and wildlife reserves, its coastlines were contested territory in one of history's most dramatic power...

Costa Rica Activists Rally Against Bahía Papagayo Plan to Cut 700 Trees

Opposition to the Bahía Papagayo development in Playa Panamá is intensifying after SINAC authorized tree cutting in the project area. The citizen group Salvemos...

Ortega says Trump has a mental breakdown over war in the Middle East

Nicaraguan President Daniel Ortega said Monday that U.S. President Donald Trump is suffering from a mental breakdown after launching, alongside Israel, the war in...
Avatar

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel