Caribbean Times 29th Issue - Tuesday June 14th 2016
Caribbean Times 29th Issue - Tuesday June 14th 2016
Caribbean Times 29th Issue - Tuesday June 14th 2016
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2 c a r i b b e a n t i m e s . a g<br />
<strong>Tuesday</strong> <strong>14th</strong> <strong>June</strong> <strong>2016</strong><br />
MP Massiah advocates for<br />
more assistance for businesses<br />
Joanna Paris<br />
Opposition Member and<br />
Parliamentary representative<br />
for the All Saints East<br />
and St. Luke Constituency,<br />
the Hon. Joanne Massiah<br />
gave sound advice to the<br />
government with regards<br />
to the implementation of<br />
the Unincorporated Income<br />
Editor’s Note<br />
<strong>Caribbean</strong> <strong>Times</strong> is printed<br />
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Tax, which was debated and<br />
passed in the Lower House<br />
on Monday.<br />
Massiah did not take the<br />
traditional route expected<br />
and opposed the bill, but<br />
rather gave a number of<br />
suggestions to enhance the<br />
legislation and increase the<br />
efficiency of unincorporated<br />
businesses on a whole.<br />
She suggested that as the<br />
government seeks to place<br />
more focus on developing<br />
a cadre of entrepreneurs, a<br />
system is also put in place<br />
to monitor the emergence of<br />
these businesses as well as<br />
to track their success.<br />
“Is there any plan to establish<br />
some mechanism for<br />
mentoring these perspective<br />
entrepreneurs and has anything<br />
been put in place to<br />
track their progress?<br />
“Because you will have<br />
people with very good ideas<br />
but without the monitoring<br />
and advice, they are bound<br />
to fail”, MP Massiah suggested.<br />
Meanwhile, with reference<br />
to the provisions in the<br />
bill, she voiced her agree-<br />
Parliamentary representative<br />
for the All Saints East and St.<br />
Luke Constituency, the Hon.<br />
Joanne Massiah<br />
ment with the suggested<br />
quarterly contributions instead<br />
of the monthly payments.<br />
This, she indicated<br />
will lessen the administrative<br />
burdens on the businesses.<br />
She also emphasized that<br />
with the abolition of Personal<br />
Income Tax (PIT) and<br />
the soon to be implemented<br />
Unincorporated Business<br />
Tax that it must be ensured<br />
that persons whose business<br />
activities are of such that<br />
their net and gross are at a<br />
particular income, they pay<br />
their fair share.<br />
The learned parliamentarian<br />
also advocated for<br />
various stakeholders to get<br />
together and discuss the<br />
way forward as the tax is<br />
implemented.<br />
She said this will further<br />
assist persons in understanding<br />
he true nature of<br />
the bill.