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IMF WANTS MORE VAT
Posted: Wednesday, June 22, 2016
IMF WANTS MORE VAT
THE INTERNATIONAL Monetary Fund (IMF) yesterday welcomed efforts by Government to manage the economy but said, "priority should be given to broadening the revenue base with a comprehensive VAT reform." Reporting on its May Article IV consultation, the IMF described Government's Budget assumptions as "over-optimistic" but commended measures brought. The body predicted a fall in Gross Domestic Product (GDP) by 2.7 percent.
THA wants $5B
IN HIS final budget presentation before the 2017 Tobago House of Elections (THA), Assembly Secretary of Finance and Enterprise Development Joel Jack yesterday delivered a $5.3 Billion budget package to Central Government, to run the affairs of the sister- isle for the next fiscal year.
Health gets biggest chunk
Secretary of Finance and Enterprise Development in the Tobago House of Assembly, Joel Jack, yesterday presented a $5.3 billion budgetary estimate for the fiscal year 2016/2017.
More criticism than praise for Budget
'We've started preliminary talk with Sandals'
OFFICIALS of the Tobago House of Assembly (THA) yesterday confirmed that preliminary talks with Gordon 'Butch' Stewart, founder and chairman of Sandals Resorts are ongoing over the proposed construction of a 750-room hotel on the island.
Khan: Govt will listen to the people
THERE is no imminent pay hike in the pipeline for parliamentarians.
SRC undergoing review process for parliamentarians
Cabinet Minister Franklin Khan says parliamentarians are not seeking any pay hike at this time, but the issue is coming up because the Salaries Review Commission had begun its review of the salaries.
FBI called in as American Trini among nude-photos leak
Charged with incest against teen daughter, dad denied bail
A FATHER of six who appeared in court charged with incest against his 15-year-old daughter was denied bail yesterday.
Refurbished Chaguanas court reopens to chaos
...Lawyer: Building still too small
Probe after junior named to top post in corporation
Local Government Minister Franklin Khan has initiated an investigation into the appointment of a low-level employee who is overseeing $24 million taxpayers' dollars at the Couva /Tabaquite/Talparo Regional Corporation.
Fire officers may lose backpay
Hundreds of fire officers will be disappointed this month-end as they will not be receiving any backpay. Instead, firefighters could be owing the Government thousands of dollars as the Chief Personnel Officer moves to recover this money.
Two soldiers on murder charge
Two former soldiers appeared in court yesterday charged with the murder of a Diego Martin man who was shot and left for dead in a forested area in Chaguaramas earlier this month.
Dad accused of raping daughter, 15, for 2nd time
A Chaguanas father was denied bail yesterday, after he appeared in court for allegedly raping his 15-year-old daughter for the second time.
Magistrate blasts ISIS hoax caller
A 42-year-old Arouca man, who made a hoax call to police warning of an attack on Trincity Mall by international terrorist group ISIS last month, has been sentenced to 21 days in prison with hard labour.
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