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High fuel taxes offers little hope

Santo Domingo.- Industry and Commerce minister José del Castillo on Monday admitted the country´s fuel taxes are among the world´s highest, and should be a topic discuss in next fiscal pact.

He said taxes and profit margins on fuels, which together surpass 60 percent, circumvent significant falls in local prices despite the collapse in global oil prices.

He acknowledged citizens´ concerns and complaints against high local prices on oil derivatives, but noted that taxes pay the foreign debt which he affirms dates back to the mid-1990s.

Source: DT

Jan 11, 2016

Category: DR News |

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Last updated October 21, 2016 at 11:57 PM
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