Martinelli defends tax hike
la prensa
President of the Republic, Ricardo Martinelli.
President of the Republic, Ricardo Martinelli, speaking on RPC Radio yesterday from a work tour in the city of David, defended the recent tax hike.
Martinelli justified the increase, attributing it to the establishment of a universal scholarship for students across the country.
With the adjustment of taxes, the estimated 800,000 school-aged children currently residing in the country, can receive a grant, regardless of the political affiliation of their parents, detailed Martinelli on RPC Radio.
The official went on to inform that, parallel to this increase, the government is simultaneously lowering the income tax, by approximately half. "Those who are paying for this tax are the banks that did not pay taxes prior," said the president.
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