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Friday 01 August 2008, San José, Costa Rica 
Menos Pachanga, Menos Fiesta. Time To Tighten The Belt, Says Central Bank President
 Annual Romeria In Its Last Days
 Tax on International Banks To Finance Diesel Subsidy
 Supermarkets Overcharging Customers
 Berrocal For President

Tax on International Banks To Finance Diesel Subsidy
 The government seems to have found a way of financing the diesel subsidy it promised, by taxing international banks on their transactions in Costa Rica.

The ministro de Hacienda (Finance minister), Guillermo Zúñiga, said that the tax will provide government coffers with a ¢20 billion revenue which will allow it to eliminate the ¢97.50 colones tax on diesel fuel. The subsidy will be only available to operators of public transportation - buses and taxis.

Taxi drivers will also have the benefit of not having to pay tax on their gasoline purchases.

The proposal will now make its way to a special commission that will set out the guidelines and the timing, which may take a month, although the different parties have not yet reached a consensus on the proposal.

 
 
 

 

 
 
 

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