Costa Rican Trade Unions Reject Tax Reform
04 de diciembre de 2018, 17:15San Jose, Dec 4 (Prensa Latina) Costa Rican trade unions on Tuesday expressed their rejection of the recently approved Law to Strengthen Public Finances, because it implies an increase in taxes that will affect the people.
On Monday night, Costa Rican President Carlos Alvarado signed the controversial legislation, which was approved by the Legislative Assembly to avoid, he said, a crisis.
After the unicameral parliament approved the legislation in the second debate, the head of State signed it and it will be published in La Gaceta.
This reform increases taxes and limits public spending to collect the equivalent of 1.5 percent of the Gross Domestic Product (GDP), some 660 million dollars, during the first year of implementation to provide relief from the public debt, which is nearly 54 percent of GDP.
Trade union organizations consider the reform represents a blow to the working class and the Costa Rican people, who will have to pay more taxes, which will bring poverty and misery, as well as unemployment.
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