Sunday, April 1, 2012

21,000 people to be removed from income tax net and take home $40,000 more annually

The Parliamentary Opposition has once again shown a lack of inclination to support a commitment to the people of Guyana by decrying Government’s move to ease the burdens of the working class.
The Alliance for Change (AFC) and A Partnership for National Unity (APNU) have both stated that a 25% increase in the income tax threshold; ensuring the continued employment of more than 18,000 workers and their families in the sugar industry and avoiding a 20% increase in electricity rates are shocking and disappointing.
Previous statements by the two parties over time continually slammed Government for not putting those same measures in place. Now that they have been proposed for implementation through the National Budget, the opposition parties in a complete reversal of their previous calls claim that it failed to address the plight of the poor.
Yet, the Budget clearly states that 21,000 people will be removed from the income tax net and take home $40,000 more annually, while over $26 B is to be spent supporting the education sector.
What is significant too, is the fact that the last three National Budgets had no additional taxes included.

1 comment:

  1. Well for a small country as Guyana this isn't bad, comparing Guyana to the Caribbean we have had been developing with room for more onces not hindered by the AFC and APNU. We have seen their share of contribution in Guyana (nill), so we can safely say that we are on the right track with the PPP.

    The 2012 budget focuses on many other areas which are most needed.