TCI Opposition Pushes Government On Income Tax
by Mike Godfrey, Lowtax.net, New York
04 February, 2014
The opposition party in the Turks and Caicos Islands, the People's Democratic Movement, has asked the government to make its position regarding the introduction of a payroll or income tax more clear.
"This has serious consequences, should there be any truth to the rumor," said opposition leader Sharlene Cartwright-Robinson.
Cartwright-Robinson voiced her party's opposition to the introduction of new taxes. "In opposing VAT, we called for greater compliance and a complete review of the revenue streams with great consultations on seeking new and steady streams of revenue," she said. "Aside from this, there must be an aggressive marketing of our country for tourism and investment in order to attract fresh capital. We cannot continue to tax a shrinking base."
She went on to say: "When I began in my profession to market TCI, I was given four points that gave us a competitive edge - the absence of payroll or income tax was one such marketing tool that presented an edge. We need to listen to the cries of the people and also to see what we are doing to our marketing strategy as a country that is in dire need of fresh revenue through new investments."
The opposition leader said that the government needs to address the high cost of healthcare before it considers implementing new taxes.
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