CARACAS — The socialist regime of Venezuela recently imposed a new tax on all foreign currency payments to civilians and companies. Now that the country is being held together by the once illegal and demonized U.S. dollar, the regime wants their fat slice of everyone’s money.
Lack of clear information and improvisation, often characteristic of the Venezuelan regime, have Venezuelans in uncertainty amidst the impending arrival of this new tax reform. While the initial tax has been estimated to be set at a three-percent value, the law reform has given the regime the ability to change these values in a range that goes from two percent to all the way up to 20 percent. This upcoming tax is separate from the country’s 16-percent Value Added Tax.
“The reform that was made in the National Assembly is to charge more to those who have more, to the millionaires. They have enough,…
