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No Clear Rules, No Production

Posted On 29 Sep 2010

Interview with Economist Carlos Mckliff

One of the basic conditions for a country to attract investment and production are clear rules. Permanent change in taxes creates levels of uncertainty pushes away any possibility of providing new sources for production and new employment.

Mckliff is a tax expert who agrees the continual changes in tax policies for enterprises that affect the financial and economic reality showing unfavorable results that doesn’t encourage investment and increase in production. For example is the minimum-payment of income tax.

If your business is wholesale, you will need to purchase or produce a large amount of those articles and not necessarily the product in a high demand. “In that time imposed a withholding tax to sales and purchases, which generates a cash-flow effect on businesses, because they are required to prepay a tax that doesn’t necessarily have to be canceled at the end of a period, “he says.
The minimum-payment calculation and legality for the companies is worrying adds, because on his angle this one is not refunded to taxpayer but will pay for losses up to 5 years, however the following year the use of the same formula and make payment in the same way, even though the company has losses and need to repay the advance payment, next period must have to pay another deposit.

From June 1, 2010 came into effect increases in retention rates for individuals whose academic achievements have earned a college degree and are registered with the IRS (RUC) as professionals.

He explains people who have registered with the IRS as professionals and they sell a service, went to collect the 8 to 10% failing to receive 2% cash, “and people who have registered with the IRS as professionals, but they sell a service that does not require a college degree and expertise, “meaning that anyone can offer,” the retention rate were increased from 2% to 8%, so they are leaving to receive a 6% Mckliff, said.

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