Venezuela Business Chamber Calls for Delay of Dollar Tax

Venezuela’s largest business chamber Fedecamaras asked the government to delay the application of a planned tax on dollar transactions while it examines the added costs it will pose for private businesses.

• Fedecamaras seeks to draw attention to law, way it was passed and “tax voracity,” which could push businesses into informality, says Carlos Fernandez, the group’s president, in an online press conference on Tuesday
• The group warns that the new tax will have an impact on prices, as it increases transaction costs
• The new bill goes against economic recovery and creates more uncertainty, Fernandez said
  • The private economic sector grew ...