Friday, April 19, 2024

Howard: Best tax won’t work


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PROFESSOR MICHAEL HOWARD said that despite Government’s removal of the 300 items from the National Social Responsibility Levy (NSRL), Barbados’ fiscal problem will not disappear.

“Our fiscal problem will not go away as a result of taxation and will occupy the best brains of the next government. The problem concerns the high cost of welfare services such as education and health, the bloated public sector and the 67 state-owned agencies. The best tax in the world cannot solve this problem,” he told the DAILY NATION.

His comments followed Minister of Finance Chris Sinckler’s announcement over a week ago that 300 basic food and other items would not be affected by the 400 per cent NSRL increase which took effect from Saturday. (TS)

Please read the full story in today’s Daily Nation, or in the eNATION edition.




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