Government taxes businesses to death, MP Arrindell says

POSTED: 11/5/12 12:55 PM

GREAT BAY – “Government is heading in the direction of taxing people and businesses to death. The United People’s party had a strategy to go after those businesses and others that weren’t paying at all. Expanding the tax base will bring in the additional revenue for government thereby covering new policies and programs that need to be implemented,” UP-MP Gracita Arrindell stated in a press release issued last night.
Arrindell expressed her concerns about the pressure the government is placing on the business community. “It should go after the unregistered companies that are making money and not paying what is due to the community,” she stated.
The MP said that her faction is concerned about the National alliance’s plans to increase the turnover tax. “That will have a negative influence on other sectors in the economy.”
Arrindell warns that increased taxed will affect the purchasing power of everyone, especially senior citizens and the most vulnerable. “The middle class and the working class people will lose out as prices increase overall,” she stated.
The government’s focus ought to be on creating opportunities for businesses to establish themselves, Arrindell stated. “This creates employment and brings more income for the government.” The government should also curtail red tape and shorten response times for business license and building permits.
“Encouraging direct foreign investment and stimulating more public-private partnerships will also provide much needed funds for government,” the MP stated, adding that the government has its priorities wrong and that the country is on the wrong track.
“The people and the business community want relief at this time. The government has not brought any relief since it took office six months ago. The minister of finance says if every company pays at least some of the taxes it has to pay the government will have more than enough money. You can’t squeeze blood out of a stone. The working people of this country pay their dues and so do the thousands of businesses who contribute monthly in taxes to the country’s coffers.”

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