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Looks like the CR government is proposing new taxes to compensate for the downturn in the economy. The ideas being proposed are a VAT to replace the salex tax, a tax on bank transactions and a capital gains tax. The bank transaction tax is one of the more ridiculous ideas I have heard; does this mean on deposits too? This will force people into a cash & barter economy. Capital gains will severely impact investment, especially real estate as will the VAT if it includes real estate. Looks like they are mimicing the US and EU now.
People were outraged and screaming about the PROPOSED increases in income requirements for residency – which never happened.
People were outraged and screaming about the PROPOSED increases in property taxes – which never happened.
People were outraged and screaming about the PROPOSED implementation of an income tax based on your earnings anywhere in the world – the same as in the USA – which never happened.
Let’s relax, let the dust settle, let them argue and negotiate and when they have a concrete proposal we can start worrying…
Scott Oliver – Founder
WeLoveCostaRica.com
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