Bolivian Presidential Candidate Unveils Plan to Tackle Informal Economy

Bolivia's Presidential Candidate Outlines Economic Plan to Tackle Informal Sector. Santa Cruz, Bolivia – Presidential candidate Samuel Doria Medina's economic team has unveiled a plan to address Bolivia's large informal economy. José Gabriel Espinoza, the team's leader, highlighted the current tax system's challenges, stating, "High taxes disproportionately affect a small percentage of the population." Espinoza's plan focuses on rationalizing tax rates, emphasizing the need for lower taxes and a more efficient administrative system. He noted that "80% of our economy is informal," a reality that requires a comprehensive solution. The plan aims to simplify tax procedures and reduce bureaucratic hurdles to encourage businesses to formalize. This approach, Espinoza believes, will lead to greater economic growth and a more equitable tax system.