Friday, April 12, 2024

Get tough!

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Stop giving tax-evading companies so many breaks and impose stiff penalties on them for withholding crucial funds from Government.
Economist Michael Howard has offered that recommendation to Government and also advised the Freundel Stuart administration against tax cuts which he warned would encourage further evasion.
This came a day after the Barbados Private Sector Association (BPSA) complained about almost $50 million in rebates, refunds and other payments outstanding from Government and Minister of Finance Chris Sinckler countered that the state was owed much more than that.
Howard said the high levels of tax evasion had been overlooked as one of the major causes of the large and growing fiscal deficit in Barbados.

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