Costa Rica News – US President Donald Trump has received unprecedented support from Republican senators and is on the verge of approving his controversial tax reform.
This plan would reduce the tax burden for companies and those who earn high sums of money.
The Senate approved the law after eliminating three clauses of the bill, including its title, that were in violation of its rules. It’s now in the hands of Mr. Trump to enact it. What effect will this have on Costa Rica?
While one objective of the reform is to repatriate financial and productive capital that is outside the US, Costa Rica’s Government is not too worried. It does not expect to see the exit of companies operating in the country, according to the Ministry of Foreign Trade.
One thought is that Costa Ricans might want to enact a similar reform but that is unlikely because Costa Rica is in a financial crisis, opposite of the financial status of the US.
In fact, some companies are waiting on the tax reform to make an investment decision regarding Costa Rica. Many are analyzing the expansion of investments once understanding clearly the rules of the game.
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