[www.inewsguyana.com] – The Private Sector Commission (PSC) is pushing for the APNU+AFC government to slash a slew of taxes as the government pushes ahead with consultations on the 2015 fiscal budget which is expected to be presented shortly.
This was confirmed in a PSC release after the Executive met with Minister of Finance Winston Jordan to discuss private sector proposals for the upcoming budget.
According to the release, the discussion centred on a number of issues of concern to the private sector as these relate to infrastructure, energy, the environment and taxation, the sugar and rice industries, the economy and information and communication technology.
“The Private Sector Commission recommended reform of the taxation system and the Minister informed the Commission that the Government is about to commission a tax study which would be utilised, along with a study conducted by Duke University, to develop a comprehensive taxation system for the country.
The Commission urged the Minister to consider a reduction in the rate of corporate taxation since this could increase government revenues.The Minister also shared with the Commission his Government’s intention to examine the Value Added Tax rate with a view to its amendment. He also shared the Commission’s view that property taxes need to be revisited,” the release stated.
It was noted too that in the area of infrastructure, discussion centred on dredging of the Demerara Harbour and the development of road links including the Timehri/Georgetown/East Demerara link, the Linden/Lethem road and the East Bank Essequibo/Bartica Road.
Jordan suggested that a team be put together through the Ministry of Business to look at a Public-Private Partnership for the dredging of the Harbour.
The urgent need for liberalisation of the telecommunications sector was highlighted.
The solid waste problem, including problems with the Haags Bosch landfill project, were also ventilated and the PSC recommended the consideration of waste to energy systems since Guyana now generates enough solid waste to make these feasible.
The Commission also recommended the establishment of a solid waste management authority.