Tax reform proposals insensitive to the vulnerable
Published:Tuesday | March 13, 2012 | 4:11 PM
The Caribbean Community of Retired Persons (CCRP) has expressed concern that, if implemented, several aspects of the Private Sector Working Group’s tax reform proposals would have a detrimental effect on the poor, elderly and retirees.
The CCRP said a committee of its directors and members met on March 6 and examined the private sector group’s proposals, which contain 145 recommendations aimed at widening the tax net and raise J$7.3 billion in new revenue annually for government.
The CCRP believes general consumption tax (GCT) should not be applied to basic food items.
“This tax is skewed against the elderly when you consider that the majority of them have no pension whatsoever,” the group said in a statement.
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