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Weekly Report - 04 April 2012 (WR-12-14)
COSTA RICA: Ministerial scandal jeopardises tax reform
For much of the time since she took office on 8 May 2010, Costa Rica’s President Laura Chinchilla has been fighting a long and arduous campaign to persuade congress to approve a tax reform to set the ship of state on a steady keel. Just as there was the faintest hint that the opposition-controlled congress might be prepared to compromise, Fernando Herrero, the finance minister and driving force behind the tax reform, tendered his resignation after a media exposé on the valuation of his properties revealed that he had been underpaying taxes. The figure in question was not large, but Herrero’s position became untenable on principle, at a time when he was trying to justify why Costa Ricans should pay higher taxes.
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