World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Stamping Down On Unnecessary Tax Exemptions

Gov't To Stamp Down Unnecessary Tax Exemptions

The Coalition for National Unity and Rural Advancement (CNURA) government will stamp down on irrelevant tax and duty exemptions as one of its crucial steps to increase government revenue collection in 2008.

Finance Minister, Snyder Rini said some exemptions granted by the previous government had unnecessarily cost government's revenue collection.

He said exemptions granted under the previous regime rose to nearly SBD$120 million a year.

"While some of these exemptions are legitimate, justified and necessary such as exemptions for diplomats, development assistance or for productive machinery or hospital supplies, many others are not.

"We believe that reducing these by one third will raise SBD$40 million or so," Mr Rini said.

The other measure that the government will implement is to raise excise on beer and tobacco products which it believes pose social or health risks.

Minister Rini made those announcements when tabling the 2008 national budget last week in parliament.

ENDS

Latest World News | Top World News | World Digest | Archives | RSS

© Scoop Media

 
 
 
 
 
World Headlines

 

Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>

Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>

ALSO:

Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>

ALSO:

Another US Court: Fourth Circuit Rules Muslim Ban Discriminatory

ACLU: Step by step, point by point, the court laid out what has been clear from the start: The president promised to ban Muslims from the United States, and his executive orders are an attempt to do just that. More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC