Friday 26 February 2021

President Alvarado defends lifting bank secrecy, that “it does not affect honest people”

President Carlos Alvarado said earlier this week that lifting bank secrecy should not be a concern for honest people or for any business person or investor, nor should it be an excuse to defend “things that affect the country.”

“The lifting of bank secrecy does not affect any farmer, does not affect any housewife, does not affect any student, any formal business person in lawful activities and generating employment.

“It does not affect any investment because foreign investment coming here is from countries that do not have banking secrecy, so it is not true that it affects the attraction of legitimate investment, I do not see where the concern is,” he questioned.

- Advertisement -

His words stem from the ongoing discussions by the legislative committee on tax matters and the words of the Minister of Finance, Rodrigo Chaves, who told legislators that the bill proposed is in inline with the government’s objective, in the first instance, to combat tax evasion.

“If there are countries to which we aspire to be that they do not have it, why does Costa Rica play with different rules if it is a matter of transparency? If it does not affect the farmer, the housewife or the honest entrepreneur and does not affect the investment, what is the problem? ”, said Alvarado in response to those sectors that have spoken out against lifting banking privacy.

 

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q Costa Rica
Reports by QCR staff

Related Articles

There is no money to start the Costa Rican Space Agency

QCOSTARICA - Costa Rica President Carlos Alvarado assured that the State...

Legislative Assembly officially inaugurated new building amid protests and disorder

QCOSTARICA - Costa Rica's Legislative Assembly officially inaugurated its new building...

MOST READ

Demographer: ‘Costa Rica is experiencing a paradoxical scenario: drop in cases of covid-19 and increase in the contagion rate’

QCOSTARICA - "We are experiencing the paradoxical situation of reduction in the number of daily cases at the same time that we have an...

AyA’s board member reacts: GM says that everything was resolved

QCOSTARICA - A member of the board of directors of the Instituto Costarricense de Acueductos y Alcantarillados (AyA) - water utility - Yolanda Acuña...

Costa Rica signs an agreement to become a full member of CAF

(BNamericas) - In order to strengthen the well-being of the population and the sustainable development of the country, Costa Rica has been incorporated a...

Costa Rica received the largest batch of covid-19 vaccines on Tuesday: 92,430 doses

QCOSTARICA - A new batch of vaccines of 92,430 doses, and the largest received since December against covid-19, arrived Tuesday, as part of the...

Mandatory vaccination for Health officials

QCOSTARICA - Vaccination against covid-19 will be mandatory for all health officials, announced the medical manager of the Costa Rican Social Security Fund (CCSS),...

Passengers will be able to make purchases from their cell phone in stores at SJO

QCOSTARICA - Passengers passing through the Juan Santamaría International Airport, or San Jose airport (SJO), will have a more agile and secure shopping option...

When Should you Stop Playing Blackjack

The blackjack game is associated with excitement and joy. The players experience great enthusiasm while playing the game because of its great rewards for...

Costa Rica, Cuba to cooperate in television and radio broadcasting

HQ (Prensa Latina) Costa Rica and Cuba on Friday signed a framework cooperation agreement between the National System of Radio and Television S.A. (SINART)...

Central America gets ready for a possible wave of migrants on the way to the United States

Q24n - Central American countries presented a plan on Monday in the face of a possible migratory wave of Haitians, Cubans, Asians and Africans...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.