One of the major disagreements centered on the Ministry's insistence on adhering to OPEC production cuts, but forcing PDVSA to continue producing surplus oil that has now filled every available storage facility. Although PDVSA cannot sell the oil, the catch is that it still must pay royalties for producing it to the central government, Lameda revealed after his departure.
"I started warehousing" when prices were $26 per barrel, he told El Universal newspaper. "They're now $16. The barrels are worth less every day. I told the minister that I have to go out and ask for $500 million in loans while I have $300 million in the warehouse." ***
.75 percent tax on bank transactions will be raised to 1 percent
individual income tax rate will be increased
tax on liquor and tobacco products will also be increased
yup, that's the ticket, raise every tax in sight
good way to find out what a 100% underground barter economy looks like
six months from now, the n.s.a. will have this conversation on tape -
"unca fidel, i raise all of dez taxes, jez like you tol me, and now my treasury big boss-man he tell me der iz no revenues for the stealing, wha should i do now?"