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Today’s Wall Street Journal: Tax ‘Experts’ Target Costa Rica
Please see this important article at:
[ http://online.wsj.com/article/SB10001424052970204358004577032030879059346.html ]
The Inter-American Development Bank (IBD) “…seems to approve. A statement released from its country representative on Friday said that the bank “does not advocate a specific tax burden or tax policy.” But IDB tax expert Alberto Barreix has twice visited the country this year to endorse the Chinchilla plan, calling it “a heck of a tax reform.” He has also said that Costa Rica needs a tax burden similar to Argentina’s.”
But some Ticos think they know better and have mounted a vicious video campaign [ http://republicadecostarisa.com/ ] response called “Costa Risa” (Laugh Coast). The Spanish video version has already been seen by 61,000+ people..
“The problem is government spending. While revenues as a percentage of GDP are forecast to be 7.5% lower this year than they were in 2008, expenditures as a percentage of GDP are expected to come in 29.4% higher. Most of that money is going into an expanded bureaucracy, which grew by 20% during the previous PLN government of Oscar Arias.”
This video says: “If you will not be able to afford to buy a car, why are you worried about the potholes?”
The http://republicadecostarisa.com/ YouTube video channel is at: [ http://www.youtube.com/user/republicadecostarisa ]
“Now Ms. Chinchilla’s “reform” proposes, among other things, a 14% value-added tax on all goods and services to replace a 13% sales tax on goods only and tax hikes on small and medium-sized businesses. Far from simply raising taxes on the rich, as the politicians want people to believe, this proposal will hit ordinary Costa Ricans hard.”
What do you think?
:lol:[quote=”Scott”] “Now Ms. Chinchilla’s “reform” proposes, among other things, a 14% value-added tax on all goods and services to replace a 13% sales tax on goods only and tax hikes on small and medium-sized businesses. Far from simply raising taxes on the rich, as the politicians want people to believe, this proposal will hit ordinary Costa Ricans hard.”
What do you think?[/quote]
The system of taxation in Costa Rica is regressive in the extreme and as long as the wealthy run the government it will continue to get worse.
In spite of the Tico penchant for being non-confrontational Occupy Wall Street may be heading for Costa Rica as Ocupan Edificio Central. 😆
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