New Tax on Corporations

Executive branch pulls measure to tax corporations

Just 24 hours after including a proposed tax on corporations in the legislative agenda, Casa Presidencial inexplicably withdrew the measure.

The action means that owners of corporations will not face a $300-plus assessment in the first 15 days of January.

Casa Presidencial withdrew the measure Thursday by means of a decree signed by President Laura Chinchilla Miranda. The day before a similar decree added the proposed tax to the legislative agenda.

During periods when the legislature is not obligated to meet under the Costa Rican Constitution, the executive branch controls the agenda.

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