Thursday, April 18, 2024

Still in the dark

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Uncertainty surrounding the correct rate for the Municipal Solid Waste Tax announced in the August 13 Budget continues among property owners and, apparently, also within the Government’s Land Tax Department.
What’s more, the lack of clarity about the property-based levy may also be affecting potential new investment.
That was an emerging conclusion from a public forum on the impact of the Budget on businesses and workers held at Cricket Legends, Fontabelle, yesterday.
One of the panellists, real estate developer Paul Altman, provoked a series of comments when he appeared unable to explain to a questioner
from the floor how the new tax, announced at 0.7 per cent across the board on the non-improved value of land, would be applied.
“There is some confusion, and I think the confusion is even within the people who put the tax in place,” he said at the session organized by the School of Politics of the St Michael West branch of the Barbados Labour Party.

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