Holder: Don’t increase VAT
LYNETTE HOLDER, chief executive officer of the Small Business Association (SBA), agrees with Minister of Finance Christopher Sinckler not to increase Value Added Tax (VAT) in the upcoming budgetary proposals.
But she would also like to see a reduction in existing taxes.
During a Press conference at SBA’s Pelican Industrial Park office Thursday, Holder said she did not think the economy could manage any increase or additional taxes, given the current economic climate.
Asked what she was expecting for the small and medium-sized enterprise sector in next month’s budgetary proposals, Holder did not go into detail but said there were a number of outstanding issues that were still relevant, including the establishment of an e-commerce platform to allow local businesses to better trade internationally. (MM)