What’s Trending: Get Tough!
Sun, January 20, 2013 - 10:45 AM
The Nation’s Associate Editor, Sherie Holder-Olutayo takes a look at what’s trending today in Barbados.
In today’s Sunday Sun, economist Michael Howard has recommended that the Government stop offering tax breaks on companies and impose stiff penalties on those that withhold crucial funds from the Government. Some of our online readers weighed in on this issue.
Devaron Bruce: I have no doubt some of these business can do better when it comes to paying taxes. They want to hold a gun to the government's head threatening layoffs and using the economic climate as an excuse, but we must remember this goes way back, before there was a downturn. Even when they are making money they don’t want to pay, something must be done.
Michael Lewis: Private companies owe Government over $600 million and they are still operating? Shame. I bet they have paid their LIME and Light & Power bills as they would be cut off. But they owe Government for NIS and VAT from money collected from sales and Government sits back and allows these companies to continue to operate, then come to the public complaining! No wonder the economy is in such a mess.
Titus Thomas: Get tough on the businesses and watch the same businesses that you have been asking to hold strain begin to send people home and unemployment figures pass 25%.
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- Editor's Choice