Financial expert believes gov’t should lower customs duties in lieu of granting waivers
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An economist is suggesting that the government consider decreasing customs duties in a bid to ultimately increase the amount of taxes it collects.
During last Thursday’s Budget presentation, Prime Minister Gaston Browne disclosed that in 2019, of every $1 that was collected by the Customs and Excise Division, an equivalent amount was waived, and to that end a decision had been made to gradually reduce the total tax exemptions to no more than 25 percent of potential revenue.
The PM said while the law will maintain some allowance for waivers in support of business activity and major investment, such waivers will not exceed 50 percent of the applicable charge.
By Kadeem Joseph kadeem.joseph@antiguaobserver.com Government has announced the three Covid-19 vaccines that it prefers Antigua and Barbuda to acquire.
By Kadeem Joseph kadeem.joseph@antiguaoberver.com Despite recording a major shortfall in revenue for 2020, the government is promising public servants that it…
New vaccine facility nears completion
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Work to complete the country’s new vaccine storage facility is well advanced with the project slated for completion soon.
Minister of Health Sir Molwyn Joseph said he is not only pleased with the project, but the projections are that it would be completed by the end of January.
Joseph said the facility, which is located at the former US Base in Coolidge, “will be able to satisfy the needs of Antigua and Barbuda, not only for Covid vaccines, but for all vaccines that would be necessary… including those that are routinely given to babies and children”.
By Kadeem Joseph kadeem.joseph@antiguaobserver.com Two additional vaccines are close to being approved by the World Health Organization (WHO) for the Covax…