Skip to main content

FM
Former Member

 

Associated Press Associated PressJanuary 6, 2017
GEORGETOWN, Guyana (AP) — The South American country of Guyana has narrowly passed a bill that allows officials to raid the commercial bank accounts of business owners who owe a large amount of unpaid taxes.
Opposition leaders complain that the measure doesn't require a court order and say they fear the Guyana Revenue Authority would abuse such a right.

Finance Minister Winston Jordan says the bill approved late Thursday will affect only companies that collect the 14 percent sales tax and don't remit it. He says the understaffed revenue agency has struggled to collect sales and value-added taxes from businesses.
Legislators also increased the statute of limitations on collecting back taxes from three to five years.

Replies sorted oldest to newest

Imran posted:

 

Associated Press Associated PressJanuary 6, 2017
GEORGETOWN, Guyana (AP) — The South American country of Guyana has narrowly passed a bill that allows officials to raid the commercial bank accounts of business owners who owe a large amount of unpaid taxes.
Opposition leaders complain that the measure doesn't require a court order and say they fear the Guyana Revenue Authority would abuse such a right.

Finance Minister Winston Jordan says the bill approved late Thursday will affect only companies that collect the 14 percent sales tax and don't remit it. He says the understaffed revenue agency has struggled to collect sales and value-added taxes from businesses.
Legislators also increased the statute of limitations on collecting back taxes from three to five years.

It's about time. Just hope they enforce it equally regardless of party affiliation. That said, the government members steal, what do they expect the citizens to do? Follow the leader!!!

FM

Add Reply

×
×
×
×
×
Link copied to your clipboard.
×
×