Dominican Republic's New Tax Reform SHOCKS the ENTIRE COUNTRY!

[@Mr.B.man.]

Nothing will improve…money will just go into corrupt political pockets

[@jimmiebazz2586]

100,you clearly see their evil greedy intentions as I do,I see it from America 👀...

[@andreturner8292]

@@Mr.B.man. WELCOME TO NORTH AMERICA CULTURE & GREED......N. AMERICA GOVERNMENT IS CONTROLLING & TEACHING THE R.D. GOVERNMENT HOW TO STEAL MONEY & ENSLAVE THE D.R. PEOPLE........UNFORTUNATELY.......THE END

[@TheVersafear]

Looks like America is putting their hands in D.R.

[@roy07x]

U.S. is one of the reasons Haiti and DR become two countries. Divide and conquer. Many countries around the world are just puppets.

[@anaserrano1149]

The greedy politicians taking a lot of loans, and having a poor management of it due to corruptión, are the main reason of all. Plus as you said a lot peole (mostly the rich ones) are not paying the taxes they allready charge us in th food, etc.

[@sojourneroftheland]

Also I think they are proposing airbnb businesses pay 18% fees...also if the hatians leave in a mass exodus (10000 a week) there will be no more super cheap construction labour so that would also push up house prices... Friends the WEF has the word World in it...that means the whole world will pretty much suck if you arent in the top 20%. My condolences for all of us

[@hjoseph777]

Dominican Republic government has been living beyond their means for years , there is so much revenue they can generate with tourism, the external debt is enormous 50 billion

[@rodwarrentv]

Thanks For The Updates 👏🏾

[@NorberisR]

You're welcome!

[@MisterFlipFlop]

Thank You.. REAL info. So many people talking about this and dont even understand it. Good Video

[@NorberisR]

You're welcome! I'm glad it was helpful.

[@rodneyharrison2727]

Appreciate the intel Norberis...

[@NorberisR]

You're welcome.

[@Bella.mikalove718]

Thank you for keeping us informed and breaking it down with honest input. Praying for the best for all and to find more productive ways that makes sense.

[@NorberisR]

You're welcome! Thank you for watching 🤗🥰

[@andersonmabout4837]

I totally agree with you Norberis when you say people are not to be able to buy or rent a house and even buy a car because the increased of income is going to daily cost.

[@DonJose86]

That's the plann it's world wide, new world order into even more slavery

[@Luisjoseglobal]

I personally would agree to a tax reform if an exchange they drastically reduce the size of the government. We don’t need 190 deputies, 32 senators and 24 ministries. They should prioritize infrastructure , health, security and education. The Dominican government is enormous and it shouldn’t be for such a small country

[@StopStrugglingNow]

How does congress vote. Deputies is it simple majority to pass bills or laws Whqt about senate? 50%+ in each or 60-70% vote yes to pass?

[@ParteraQuisqueyana]

@@Luisjoseglobal If they do that, they would have enough to pay all debts and then some, without taxing anyone.

[@Luisjoseglobal]

@@StopStrugglingNow if I’m not mistaken it’s a bicameral congress so basically legislation has to get passed twice. When the chamber of deputies pass a law by vote, it goes to the senate and they review it and vote on it. I think it’s 60-70 ish. Having a bicameral congress in a small country is very counter intuitive because in DR it takes a very long time to pass laws and reform laws that are really needed.

[@StopStrugglingNow]

@@Luisjoseglobal They were talking about having this implemented Jan 2025. So it sounds like it can't be done that soon

[@rogeramezquita5685]

Agree and also get rid of many useless institutions like conani and ministerio de la mujer. Which are indeed useless

[@KeithDavis-ub2nv]

Thanks for the insight Norbelis... As I mentioned to Jay.. I am still thinking to move and retire there in the future.. This news will definitely affect me as a newcomer.. Thanks my friend.. see you guys in December!

[@NorberisR]

You're welcome! It's great you're still considering it.

[@sojourneroftheland]

We all know where the money goes when governments raise taxes...a few crumbs trickle down but the little guy doesnt ever get to eat at the table...alot of those taxes can also be called "sin taxes" Tanks for sharing youre the first of my usual dominican content creators to spill the beans😏 Thank you

[@NorberisR]

You're welcome.

[@hayd8946]

Thank you very much for this video, which serves the community. The future is agriculture inside the country and industry. There is a lot of good land. These lands must be exploited for agriculture in order to strengthen the country, as well as in accordance with the agreement with China, Russia and all countries in order to build infrastructure and respect the country. This is the future and the agreement with other countries. The Middle East and Asian countries for tourism relations and infrastructure building At the same time, educating society in order to preserve the environment and not throw waste in the streets and in the seas. Preserving the environment and respecting humans without exception. This is the future. According to the agreements, housing units must be built according to specifications and the environment is preserved to serve the people. Many countries can participate in this project and respect the country according to the agreements. This is the future. Everyone must respect the law and respect people without exception, as well as facilitating residence for all visitors, including permanent residence, according to the law and the Ministry. Immigration should take care of this matter. We have sent messages several times and no one has contacted me

[@NorberisR]

Thanks for sharing your thoughts!

[@tourdogg]

Thank you for the information!

[@NorberisR]

Of course! Glad it was helpful 🤗.

[@CarmenLeon-y2u]

Great content! TY

[@NorberisR]

You're welcome!

[@1jamyardie281]

sounds like the US is making its way in the GOVT and if you are not in a good social bracket then its not going to be good. the lifestyle will drastically change and some people have seen this coming and left. but lets be real if you have the money then now is the time to invest. thank you for the info. salute

[@FrankGrabbe]

As long as new taxes and tax increases serve to support low-income earners, improve or even reform the health system, improve infrastructure, etc. and not to rehabilitate the depleted state treasury, such a reform can certainly make sense. But most of the time, such reforms only trigger other and new problems.

[@NorberisR]

I agree. Good point.

[@louellanassiefdefreitas346]

Thank you for the information .

[@NorberisR]

You're welcome

[@Santiago_Reese]

Great video. Thank you!

[@NorberisR]

You're welcome!

[@KBE-Life_]

Sound like economic development. Your country has gotten popular over the last 20 years. They are looking to do international business and take a lot of the available land to add more housing

[@israellora3509]

A very important topic 👍

[@grand2425]

In situations like this the regular people normally get hit the hardest in tax increases. Hopefully the powers that be keep this in mind.

[@NorberisR]

🙏🏾🙏🏾

[@Insolvenzprofi]

In germany we say „supply and demand“ the projektpeople thinks, the prices goes higher and higher, but if nobody get the debt or people get better estates in other countrys in europe, they dont buy and everything stocks, until the price goes down - thats what happen here in germany

[@bigray9572]

Increase in pay means increase rent food and bills.

[@shirleytwsw]

This will strangle people in a already in a tough situation it’s difficult to find work as it is or if your trying to start a fledgling business I’m surprised they haven’t thought of a way to tax prostitution which is rampant in some areas

[@NorberisR]

Have they taxed that in the US?

[@shirleytwsw]

@@NorberisR Not that I’m aware but it is legal in one state only

[@patrickjlouis6651]

A Tax increase in my opinion would be devastating to the masses , and hurt the ones there already just getting by. If they shrink the size of the government and if the increaee in revenue would be used to better the infrastructure of the country than maybe just maybe they could justify it. Great info and video..

[@NorberisR]

This is a good perspective.

[@bumpyjohnson635]

Sounds to me like mucho problems coming to D R for people that can’t pay up

[@eddiewilliams7250]

What about for home owners. Are they basing it on how much the home owners house is worth.

[@NorberisR]

Yes

[@pdiddy869]

Interesting.

[@michaeledwards5478]

I don't think right make regular people pay more taxes. If, they are already struggling. I hope it don't pass because I'm looking to purchase a investment property in DR in the next couple years.

[@oralv.stephenson1427]

Like #130. Concise. Informative. Alarm sounded. Another VALUE LADEN video. Ma'am, many thanks to your husband and yourself always.

[@NorberisR]

You're welcome. We appreciate the support.

[@JGARCIA2012FULL]

How you explain the fiscal policy of the Dominican government? Everything Everywhere All at Once

[@NorberisR]

😅😅

[@CarlMcgougan]

Hey Norberis the DR is trying to become like the US. Is the average Dominican ready for this ? I’m thinking not. If this reform pass it will change some minds of those Americans wanting to live there. It will be like living in the states again. Government wanting more of your money and taxes increasing every year like it is here in the states

[@alexisantoniolopez1002]

Even with the reform you gana pay less tax in RD

[@NorberisR]

No the average Dominican is not ready for this 😓

[@keithmiller5459]

Question: Can you live well there with 5,500 dollars a month i would want a 3 bedroom 2 bathroom apartment or house. As well as health insurance and electricity and all that jazz

[@NorberisR]

Yes it's possible to live on that amount.

[@shirleytwsw]

You could live good on half that amount depending on where you go

[@1x4urmind]

I hope more banks lighten up and expand on mortgage loan requirements . I believe this will help lesson the burden regarding property taxes. And increase the investment incentives.

[@NorberisR]

That is a great idea, I hope it happens.

[@bigrobl7936]

Now what happens, if you don't pay your property taxes, will you loose your home like in the states????

[@NorberisR]

That's a good question. At the moment they don't do that currently.

[@oralv.stephenson1427]

All ads watched in full. Full video watched. 🥃🚬

[@NorberisR]

Thank you🤗

[@andreturner8292]

I WAS GOING TO RETIRE IN THE D.R. SO I COULD GET AWAY FROM AMERICAN TAX SYSTEMS......NOW I CHANGED MY MIND...... BECAUSE I SEE THAT AMERICA IS CONTROLLING THE D.R.....🤬🤬🤬🤔🤬😈😈😈🤬🤬

[@ParteraQuisqueyana]

Wait to see what happens; this is not yet approved and large public discussions are happening. The whole country is against it; if it passes, it will be a big risk for politicians that want to keep their jobs.

[@andreturner8292]

@@ParteraQuisqueyana ..Gracias reinaaaaa...😊

[@StopStrugglingNow]

​@@ParteraQuisqueyanaExcept, how do you pass laws in DR. What is majority count for deputies and majority vote number in senate? For yes?

[@StopStrugglingNow]

Exactly. DR wants that IMF money and lower money interest rates. They are falling for south America plan by trying to qualify to get loans and approval to be off ip list. Sad looking at all the taxes for everybody. Nobody escapes.

[@ParteraQuisqueyana]

@@StopStrugglingNow I don’t know the details of it, but I know their salaries are WAY too high.

[@Naebl-cd5kp]

This is definitely going to slow foreign investement and tourism...

[@NorberisR]

Yes, I think so too.

[@larrys-story-time]

They bang their pots and pans in Brazil in protests also :)

[@genehotbetodd7087]

Growth changes the job's are coming there

[@NorberisR]

🙏🏾🙏🏾🙏🏾

[@TheadventuresofBlackRob]

Great video, I am curious on how much money they plan to generate? This doesn't sound like the best option to generate revenue without impacting growth and affordability, which makes the country a chosen destination. Time will tell 🙂

[@NorberisR]

I mentioned how much they plan to generate in the video

[@TheadventuresofBlackRob]

@@NorberisR I’ll rewatch it, I missed it. Thank you

[@DC6021855]

Who benefits on raising taxes? ...the government should serve the people not the people serve the government. The public cannot thrive with additional burdens. A reduction of government should be the primary focus as well as reducing the national debt. Foreign business incentives is not by raising taxes.

[@johnholmquist7630]

Living in DR for the past few years - it seems that things are headed in the wrong direction. For example: 1. In the past 2 months I have seen prices for everything go up. Beers at the bar are now $250 pesos. I have already seen since the price increases the bars are no longer even close to full anymore. 2. If you consider wages are less than that - $210 pesos/hr for a call center. Less than that at many other places, if you go and have 4 beers you just blew half a day’s work. 3. Even after 3+ years of work your wages max out at $255 pesos/hr for what many consider a “good” job. 4. A decent place to rent is at least $25,000k pesos/month - considering a good monthly wage is $32k -$36K pesos/month it doesn’t leave much for other necessities. 5. I see a lot of Dominicans don’t even work and they have no incentive to because the pay is so low. 6. Even though they are deporting a record number of Haitians who I do agree keep labor costs low (especially for construction) - a lot get paid $200 USD/month - I find it hard to believe Abinader is going to deport a lot of the construction Haitians as they are building the country on the cheap. 7. I have heard that DR is in a lot of public debt as percentage of GDP but it seems like a wage increase, continued Government investment, and increase in sales tax could go a lot further, as the increase in jobs and wages should stimulate increased spending on goods and services. Just my thoughts, thanks for the content.

[@NorberisR]

Thanks sharing your perspective.

[@bobhope1234p]

No improvement can be made in Dominica Republic without tax revenue. The same neighbors flood every year because of improper drainage. wtf took them so long to figure this out. There is so much that need to be done in DR. Growing pains. It’s something we all have to learn to deal with to make life better for the Dominicans people

[@NorberisR]

Great point.

[@Snoy_Fly]

I want low taxes and high wages. The way the government is doing it seems backwards to me.

[@NorberisR]

I agree

[@Dee-pj7hh]

You have some valid points sis; but I would just like to ask one question. What would be the alternative to the government proposal? The IMF and the World bank? Then that would be the end and downfall of the Dominican Republic. We all know the horror stories of borrowing from these institutions. I don’t believe the sky is or will fall. I am very interested to see where this goes. 👍👍👍

[@NorberisR]

Dee you are very optimistic and I like that🤗

[@yngcarino]

Intento ir a RD para vivir alli pero no se que hacer , si tienes tips dimelos

[@NorberisR]

no sabes que hacer en que aspecto? trabajo o dinero

[@yngcarino]

@ quiero a ir para trabajar , pero antes quiero acabar mis estudios. Asi no se que hacer con el papel, y si hay trabajo alli para un European

[@davedavid8135]

It's ok 🙏🇩🇴🥃🥃🥃

[@drsant21]

From 10000 pesos to 15000 pesos is not going to make a different, especially if they are increasing everything else. Also the basic cost or La canasta familiar monthly cost is around 40000 pesos so the minimum wage it's really far from that amount...

[@NorberisR]

It’s a tough situation for sure.

[@titusmoore1213]

That sounds like a play from America's playbook.

[@larrys-story-time]

Ohhh noooo, not property tax :(

[@ParteraQuisqueyana]

I don’t understand the people saying that this tax reform is good or needed. I don’t see how any of this can be good for the country. This will strangle families and small business owners. I don’t even see how it benefits the rich!

[@StopStrugglingNow]

It benefits nobody. rich, poor, businesses all are paying taxes.

[@ParteraQuisqueyana]

@@StopStrugglingNow Right. The Confotur mostly benefits foreign investors and even they are getting gutted!

[@jimmiebazz2586]

It will benefit the rich because them with businesses can increase their prices...

[@ParteraQuisqueyana]

@@jimmiebazz2586 It will increase prices because of higher taxes, not because of a higher profit. Businesses don’t like to increase prices like that; people consume less when things are expensive.

[@FrankGrabbe]

Who actually checks whether all employers adhere to the minimum wage for their employees? I'm thinking of small local businesses such as restaurants, bars, Bebidas, Colmados, for example. But not all of them do that even now. Most Dominicans of Chinese descent who own their own businesses pay their employees a disgraceful wage, it's the same in the Lotecas and the pay in the zona francas is also terrible. The working population needs strong employee representatives, unions that negotiate with employers on an equal footing and that are so strong that they can even shut down part of the infrastructure for a while. If 50% of hotel staff go on strike in Punta Cana during the high season, then I'd like to see how quickly the authorities will give in.

[@joshuapeoples6795]

I hope the laws don't pass but if so I'll have to go up on rent, I hope I don't need to 🙏🏾

[@NorberisR]

That's is exactly what will happen. Owners increasing rent.

[@J.R.1986]

This is the proposal (not law, yet) but negotiations continue with industry leaders. Summary of the Abinader Fiscal Reform. 1. New taxes for alcohol/tobacco: 11% 1b. Sugary drinks tax: 58 cents - 1 peso for 100mlg. 2. Ecigs and vapes 20% tax 3. Goods under $200 USD shipped via courier will be taxed 18% 4. ITBIS will have a new name: IVA (just like in Europe, Latin America) 5. Internet shopping will be taxed to 18% 6. Car sticker now 100% more: 3,000 pesos and 6,000 pesos 8. 27% tax for the ones who earn in the country $200,000 pesos or more 9. Property Tax (aka IPI) starting from 5M pesos houses/apartments 10. All citizens generating 900USD or more per month MUST declare their income annually: houses, income, assets, saving, bank accounts 11. No Anticipo for small businesses 12. All goods, except gasoline/gas, medicines, some foods, will be taxed to 18% sharp 13. Current benefits and grants to be eliminated for the following sectors: Tourism, DR Movie Industry fund, Trust (Fideicomiso), Textiles, Major Industry 14. Digital services (Netflix, Airbnb, Spotify, etc) will be taxed 18% 15. Back to School tax return to be eliminated Major industries affected this time: car imports, imported goods in general, digital services, real estate, major industry, digital consumer services The Executive wants to put the new reform by Jan 1st 2025, but still in talks with major players (business associations, industries like tourism, textile, movie productions) You’re welcome !

[@wesBlue]

good that they going to need to pay taxes almost every business doesnt pay taxes like the millions of nail salons and colmados.also i hope they going to do something about the traffic like trucks that are overlouded with stones.also alcohol controles in traffic.penalties in traffic could benefit the whole country.more safety and less noise and idiots on the Roads.

[@NorberisR]

You're right if these colmados and nail salons paid taxes they probably wouldn't have to increase taxes.

[@tadeustosla7021]

If the reforms pass as they were proposed they’re going to raise cost of living for lower and middle classes and transfer that wealth to Abinader’s buddies, the Dominican oligarchical families!

[@NorberisR]

That's interesting.

[@chicamorena18]

Klk norbersis do you have any Dominican content creators suggestions to watch and follow?❤

[@Snoy_Fly]

I know you didn’t ask me, but Keskeya Life is a very good channel to learn about the DR and its history.

[@NorberisR]

Purely Walking and Jendry Dominican Baby Life

[@drrobertmohr6789]

IF THE PEOPLE DON'T TAKE S STAND THEY'LL BE STOOD ON SO BE IT SAID SO BE IT DONE.

[@rogerhicks4287]

All you have to do is sit and do the math. This tax is not designed to help the people they give you something and make you think you’re getting ahead but you’re actually not. You’re still in the same position. Only the big people at the top is gonna reap the benefits from this and the average working class. People are going to stay in the sameworking. Class is just reverse psychology

[@EEVdonghua]

Hey, I saw your video on tax reform and I want to comment on something that is sometimes overlooked. That reform would not be so necessary if the famous 80-20 rule was well applied. That rule says that 80% of the employees in companies must be Dominicans and only 20% can be foreigners, but the reality is that this is not always respected. In the end, that leaves fewer opportunities for us Dominicans, and that is not what we want. Also, let's talk about what the government spends on services for undocumented Haitians. It is said that every year the Dominican Republic spends an enormous amount of money on health, education and security. For example, in emergency medical care alone, the country spends around 5 billion pesos a year. And in the area of education, there are hundreds of thousands of Haitian students in our public schools. That weighs heavily on the national budget. Because of all this, many Dominicans support stricter measures in border control and regularization of immigrants. If resources were better managed and the 80-20 was well applied, we could alleviate some of the fiscal burden we are feeling. Instead of raising taxes, we should focus on how to improve what we already have and benefit everyone.

[@NorberisR]

You make some really good points. Thank you for bringing this up. 🙏🏾

[@tourdogg]

It sounds like matrix sweet potato pie!

[@NorberisR]

😂

[@rogerbpugh2293]

I like how they call it Tax Reform but raise everyone's taxes just say we are raising taxes and coming after people who do not pay taxes sounds like the U S

[@James_Ford4815]

the sugary drink and smoking tax is stupid because people are addicted to that stuff. they're not going to stop buying it , all that tax is going to do is drain peoples bank accounts faster. and on average it's poorer people who drink/use more of that stuff. so you're actually hurting the people you're trying to help.

[@NorberisR]

😂😂

[@biglou76]

You are so gorgeous que Dios te bendiga!!

[@NorberisR]

Gracias🤗

[@waltlafi6913]

The higher taxes will help increase credit rating Reaching investment grade on its sovereign bonds would further accelerate progress by lowering interest rates, increasing capital flows, and broadening the investor base. This would also reduce private sector financing costs and boost the economy's growth potential. Interest rates on public debt are high relative to peers, notably those with investment grade. High interest rates mean fewer resources for spending on infrastructure, social services, and making the economy more resilient to climate change, an important risk for the country. Elevated public debt (or interest payments) relative to low tax revenues-known as debt affordability-is a key risk constraining its credit rating and contributing to high interest rates. That’s why reforms, especially to the tax system, will be key. A comprehensive tax reform could help the country boost revenues and earn an investment grade rating.

[@NorberisR]

Thanks for sharing this perspective

[@coneryj]

exactly. A large part of the driver of real estate prices is also the costs of financing i.e. interest rates. IDK what percentage of foreign purchases are financed compared to paid cash in full. I have probably a 1yr time window before purchase as I'm still investigating a couple more cities. I plan on paying in cash not financing but regardless of that, one of the main drivers of incentive to me is quality of lifestyle beyond tropical weather and nice beaches. I need decent roads, a safe neighborhood (ie. police enforcement) do they even have a fire dept there? I need good water quality and dependable electricity. If I work remotely for the winter, I can't be losing power everyday. The argument about the size of govt is so off target. What do you even mean by that? The number of elected officials?... so do u want a single dictator? Or a couple of people representing each state that all have a say and vote? "Beauracrats"??... Do you mean that you don't want people who have expertise in urban planning and infrastructure to guide those projects and oversee the work of private companies? Or do you want some jackass you doesn't know have any expertise making decisions?... What about environmental concerns? Who would oversee water treatment plant design and construction and ensure the people in that area aren't adversely effected? The "Cost of govt" is largely the money the cost of building the roads, bridges, electrical grids, etc... not the people in office. You can't get 1st world infrastructure for free. I can't believe people are complaining about future price increases due to things like consequences of increasing minimum wage. When my kids were young we paid a nanny $18/hour...that was 12 years ago. The price of labor is insanely low in the DR. What you need is quality and reputable labor. I don't want poverty to be hidden by living in some gated community that's insulated from the rest of the country. I want poverty reduced. Right now, I don't trust buying land and hiring people to build it. I need to invest in a development or an existing villa.

[@ParteraQuisqueyana]

If that’s the purpose, they could tax 50% of the government salaries and we would be set.

[@islander5858]

I heard they going to be taxing your savings account 27%. Thats is just insane

[@coneryj]

@@islander5858 I'm not going to pay much attention to random "I heard..." on the internet, but something like that would be ridiculous. The point is that if the DR wants to be a first world country it needs to build the infrastructure and services for that

[@tavroaar8173]

The DR is no longer a small country and needs to collect more revenue. The tourism sector has benefited so much already from paying very little taxes. I am for the government doing some reductions first, and going after tax evasión and then I’d be okay with a small general tax. Some how the country needs to generate more money, because the DR is one of the countries with the lowest tax revenues in the region and you cant grow a country like that. Everyone has to pay something.

[@crazyworld2570]

Have you ever been to dr?

[@tavroaar8173]

@@crazyworld2570 hahaha 😂 Yes I’m Dominican .

[@crazyworld2570]

@tavroaar8173 I asked because you said the tourism sector paid very little taxes. So, if they were forced to pay more taxes, the tourist would pay more for things due to price increases and that could be an issue. Now I hear the bill was withdrawn.

[@AzAz-oz4ey]

Going to be priced out and force you to move that's why

[@robertcarter5240]

They just have to enforce the traffic laws and that should be enough, 😅 to raise tax money

[@NorberisR]

That's true😅

[@rosemaryvp]

Compañera Sanjuanera!!!! Quitaron la cosa!!!! Échale! O vamos a pensar o vamos a pensar!

[@NorberisR]

Así es gracias a dios.

[@talkopinionrd2705]

260 is a crap all dominicans have to be paid 1,000 usd no less than that.

[@shirleytwsw]

Then hyper inflation would take over there would be too much money in the system chasing two few goods, which is the textbook definition of inflation 1000 bucks a month to a Dominican is a lot of money at the current cost of things everybody would be raising the prices this type of thing plays out on a much lesser scale on the DR all the time were the price of Dominican goods are pegged to the dollar for example, a bottle of beer in DR cost the same as a bottle of beer in America that’s not right locals have to eat beans and rice every day just to survive and even that is getting expensive

[@getv1973]

People have business making money, but they’re crying about paying taxes

[@NorberisR]

Yes the businesses should pay their taxes

[@drrobertmohr6789]

THEY SAY THE TRUTH HURTS 😮 SO TELL ME, WHAT DOES LIE'S DO??????

[@RozyRoPink150]

So basically Nos Jodimos 😮 little by little gentrification is coming to DR….

[@rogeramezquita5685]

😂😂 gentrificación is in DR there are areas that only charge in dollars

[@JGARCIA2012FULL]

You raise wages for around 37% of the population that has a formal job and tax 100% of the population, whether they have an income or not, brilliant.

[@NorberisR]

😅😅

[@jimmiebazz2586]

Greed people from the top ,already taking doing this to cover and at the same time be able to take more 🤔...

[@AzAz-oz4ey]

Give you more money so you spend on high tax items

[@NorberisR]

That's the way I read it🥲

[@Xenlacasa45]

A tax increase without increasing wages only the poor suffer from this

[@taK3NFlights]

They want to put a tax on Coca-Cola 😱 but Dominicans love their Coca-Cola we need to boycott this ASAP

[@NorberisR]

😂😂

[@sirusguyrus2445]

Now I know why my wife over there was just bitching about the president.

[@NorberisR]

😂

[@natec.7149]

Norberis, I am so happy you covered this topic. I talked with your husband about this and how to portect you and your family with what they have coming globally. They say, by 2030 we will not recognize our countries by what they have planned. It's a new world order, and it comes in the form of technology, taxes, medicine, and economic programs for poorer nations.

[@NorberisR]

Yes it seems we will all need protection🤣

[@ovigada]

The can just print that tax money.

[@NorberisR]

That's a good idea 👍🏾

[@canadianbrotv1303]

Dr is done .. This is pure bs and yes it will pass, the people need to go crazy Jamaican Style.

[@LeverageLifeAndMoney]

Banging on pots and pans is protesting reform? No joda.

[@edmctug8800]

Sounds like a wet blanket! going to kill new building and investments and low income !!

[@GeorgeSeeAll]

Lowering crime = more police, no power outgages = better generators, no potholes = better infruturcture, citizens living better lives = pay increases. It's all the same song and dance, things cost money. It's all a part of Natoinal growth.

[@NorberisR]

This is a sad truth.

[@DanielDaniel-eu9yq]

Dominican Republic is becoming the new Florida, and it does not look too good. It is really sad...

[@NorberisR]

interesting🤔

[@0078MustangHeat]

DR is an unspoken “GOLDMINE” and the powers that be see the long game. Do you think that the best opportunity to invest is now, before 2025?

[@williamvidal-q9h]

how is it a goldmine? please share

[@NorberisR]

Yes, I always thought the best time to invest was 10 years ago.

[@thecapricornway8458]

Liberal policies coming to DR smh

[@BIGJ-kb3vc]

Don’t understand! Why would you get rid of incentives for outside investors, or buyers to spend money in a country whose peso’s aren’t very strong. Not too smart at a time when noticeably money is flowing into the country from outside investors. Doing things like raising minimum wages is important, but at the same time raising income taxes makes no sense. Even as a long term plan I don’t see the benefit. 👎🏽👎🏽

[@NorberisR]

Thank for sharing your perspective.

[@JanelleChristmas-w6u]

Why is it that you all believe that the rich, investors& the wealthy are not supposed to pay taxes, when the only reason why you all ever invest, is to only make only yourself rich &/ wealthy ⁉️ Everyone is tired of hearing you all whine.

[@gomab1978]

Norbe!!! Esto es socialismo…. Ahorra el pobre, sigue pobre 🥺

[@bigboyk1989]

It’s just becoming the US 🤷🏻‍♂️

[@conservativethought1460]

Wow… a lot of democrats moving to DR. Kiss all your freedoms goodbye. It’s starts with soda, cigarettes etc once they get that through the sky is the limit!!!! But remember it’s for your health and they’re looking out for you … 😉😉😉

[@NorberisR]

Ok

[@Our360life]

These tax reforms will pass with some alterations. The reality is that DR has come a long way in the past decade or so and must continue to grow. I have some investment properties and personally do not mind paying reasonable taxes. The comfortour benefits is a plus but wouldn’t prevent anyone from investing in DR. Must people were not even aware about these benefits before they started planning buying properties. What DR needs to do is to continue improving their infrastructure, technology sector, public safety and job market. However, I do understand the people hesitant about this proposal due to political corruption history but this current administration is doing a pretty good job in my opinion.

[@NorberisR]

That’s a great perspective.

[@tiotistudio9916]

This has got US foreign policy writen all over it. I would really hate to see the DR go down this same road that so many other countries have gone down when the US starts dictating them. It never ends well. The Dominicans have already gone through a huge 20 percent or more "inflation" tax over the last few years. That is the US's doing. Inflation is just another way to tax the people and financial cripple other countries and not one Dominican has gotten one thing out of it.