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McClean spells out benefits of amendment


McClean spells out benefits of amendment

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LEADER of Government Business in the Senate, Maxine McClean, yesterday opened debate on controversial amendments to the Barbados Revenue Authority Act, by declaring that it would enhance the level of tax administration and ensure taxpayers met their obligations.

But while Senator McClean, the Minister of Foreign Affairs and Foreign Trade, touted the benefits of the amendment, which makes provision for the issuance of tax clearance certificates and related matters, she slammed those who had not been paying their fair share of taxes.

She was particularly peeved about some residents who had been scheming the National Insurance by paying substantially less in contributions than they earned, until a particular period.

And by paying the maximum at a later point, she said it ensured that their pension reflected their highest contribution.

While she did not know the extent of the problem, McClean said the scheme needed to be investigated, accusing those engaged in the practice of taking advantage of other people’s money. (WILLCOMM)