Costa Rican Deputies Support Interim Tax Plan
The Costa Rican Asemblea Nacional has approved an interim tax plan designed
to reduce the country's fast-growing budget deficit, according to reports in
the local media. AM Costa Rica reported on Friday that the package, which includes new 'sin
taxes' and luxury taxes, and provisions to tax casinos, online betting operators,
and banks which maintain an offshore presence, was approved by a margin of 45
to 5, with only minority party, the Movimento Libertaria opposed to the plan. According to the local news service, the interim tax package was amended slightly
in order to include another small, non-deductible levy on corporations, and
the slot machine tax was significantly reduced from $300 per machine per month
to just $20. When the plan went before the full assembly earlier this month, Rolando Lacle,
President of the national assembly urged politicians to act quickly, warning
that if it was not approved, the government would be forced to cut road programs,
hold the line on salaries, and increase import duties in order to reduce the
deficit. .
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