The Constitutional Chamber of the Supreme Court declared on Friday that the tax reform bill is constitutional. The bill will now go back to congress, where enough legislators have announced their support for the bill for it to pass.
Workers from the public sector attend a vigil at Plaza de la Democracia during a strike called by the unions to protest against a tax reform project in San Jose, Costa Rica on November 7, 2018.
For the first time in history, the Costa Rican Colon surpassed 600 colones per dollar. On Wednesday, some banks were reporting an exchange rate of ₡616 for $1.
Costa Rica’s Plenary Court this week rejected the country’s proposed tax reform bill and asked that four sections of the initiative be corrected. In our second episode of The Tico Times Dispatch Costa Rican journalist and economist David Ching explained the necessity of fiscal reforms.
Costa Rica’s controversial fiscal reform proposal took a step toward becoming law Friday evening when the Legislative Assembly approved the bill after a lengthy first debate.
