No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveChinchilla drafts new fiscal reform plan

Chinchilla drafts new fiscal reform plan

Following a failed attempt at fiscal and tax reform earlier this year, President Laura Chinchilla on Tuesday presented lawmakers with a second version that she says will be more widely accepted among the country’s different sectors.

According to Presidency Minister Carlos Benavides, 30 of the National Assembly’s 57 legislators support calling the new plan up for debate. Amendments to the failed first plan were included in the new proposal following negotiations with the opposition block in Congress, Benavides said.

The new reform package still seeks a modification of the 13 percent sales tax to a value-added tax structure at 14 percent, but some items were removed to protect poor residents and college students.

Trending Now

Growing Old in Costa Rica as an Expat and Immigrant

There are no readily available numbers for the number of foreigners, meaning non-Ticos, who die in Costa Rica each year. Between drownings, car crashes,...

Miami Open Sees Argentina’s Cerúndolo Shock Medvedev

Argentina's Francisco Cerúndolo gave Latin America its biggest moment of the day at the Miami Open yesterday producing one of the tournament’s best wins...

Christina Aguilera Gives Rare Glimpse Into Family Life in Costa Rica

Pop icon Christina Aguilera is giving fans a rare and heartwarming window into her life as a mom, sharing a video recap of her...

Miami Open Shocker as Alcaraz Loses and Korda Delivers

Carlos Alcaraz’s Miami Open run ended Sunday in one of the tournament’s biggest surprises so far, as American Sebastian Korda knocked out the world...

Cuba Aid Sailboats Arrive in Havana After Disappearance at Sea

The two sailboats transporting humanitarian aid to Cuba arrived in Havana yesterday after a long journey from Mexico during which they disappeared and were...

Rybakina Rallies into Miami Open Semifinals and Sets Up Blockbuster Clash

Elena Rybakina produced the headline result at the Miami Open, fighting back from a set down to beat Jessica Pegula 2-6, 6-3, 6-4 and...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica