People in the TCI opposed to the introduction of Value Added Tax appear to be growing in confidence they will get their way.
The Premier, the Honorable Dr Rufus Ewing, says he’s confident the Government’s Fiscal and Strategic Policy Framework Document will provide a package of tax-raising measures for the financial year 2013/14 that will far exceed income raised by the imposition of Value Added Tax. He said the Government remained committed to the repeal of the Interim Administration’s 2012 TCI Value Added Tax Bill.
He had replied to a letter from the Foreign and Commonwealth Minister Mark Simmonds who remains committed to the introduction of VAT explaining the Government’s position.
Soundings from business experts and leading professionals throughout the TCI had produced sensible alternative measures to VAT and the contents of the Framework Document would be fully debated in Cabinet on Friday said the Premier.
