Finance Minister says taxes could be lowered

first_img– encourages everyone to pay their fair shareThe Government continues to receive heavy criticism over its plans to increase taxes, which bring in billions of dollars annually, but nothing much has been done to address the situation.Finance Minister Winston Jordan recently declared that Government is willing to reduce some taxes, but under certain conditions, which would see everyone paying their fair share.The Minister has said that once the tax net has been widened and more people continue to pay their fair share, personal income taxes, for example, could be reduced progressively. As such, he is urging Guyanese to pay their taxes.“We cannot have a situation in this country where some are paying taxes andFinance Minister Winston Jordanothers (are) not paying; and when you go after people to broaden the pool you get all sorts of stories… All must pay their fair share of taxes,” he admonished.Jordan has said the aim is to register everyone under the tax scheme, and once a citizen is required to pay taxes, that citizen would have to be registered.“I would like to see income taxes go down in the next round (5 years) to 20 per cent, but the speed by which this could happen depends on the willingness of the population to pay their taxes,” he explained.He dismissed criticisms made in regard to the tax situation, and praised the efforts made by the Guyana Revenue Authority, led by Commissioner General Godfrey Statia.However, the proposed measure in regard to empowering the Finance Minister to use his discretion for granting Value Added Tax (VAT) remittance — as contained in the 2019 Budget — has been described by the parliamentary Opposition as a recipe for corruption.Opposition Leader Bharrat Jagdeo zoomed in on the measure, which was announced by Finance Minister Winston Jordan during his budget speech over a week ago.The law does allow the Minister to make regulations to remit tax on a personal basis. According to Section 104 of the Income Tax Act, “The Minister may make regulations, subject to negative resolution of the National Assembly, to provide for the remitting wholly or in part of the tax payable by any person or category of persons on such income in respect of any year of assessment, and in accordance with such conditions as may be specified in the regulations.”In his budget speech, Jordan had invoked Section 105 of the Income Tax Act and proposed amending the VAT Act “to provide for the Minister of Finance to make regulation to remit, in whole or in part, the VAT and the interest on VAT payable by any person, where good cause is shown.”According to Jagdeo, however, this policy has always been deliberately avoided. He noted that under the former Administration this measure was not employed, as the desire was for this power to remain with the Guyana Revenue Authority (GRA). And now that the law will be changed to allow persons to approach the Minister directly to request tax remittance, Jagdeo expressed worry for the future of transparency and accountability in Government taxation. While the GRA was remitting all this tax, the statistics show that, for the year 2017, tax and non-tax collection rose to $194.7 billion. The 2017 end-of-year outcome report states that out of this, tax revenues accounted for $171.2 billion.At the heart of this increase in tax revenues, which account for 87.9 per cent of total revenue, is the Government raking in more taxes than ever. For instance, there was a $1 billion or 1.4 per cent rise in the collection of income tax; $600 million or a 3.5 per cent hike in import duty collection, and a $300 billion or 0.4 per cent hike in Value Added Tax (VAT) and Excise Tax collection.“Total non-tax revenues were projected at $23.6 billion, actual non tax revenues for 2017 were therefore closely in line with the projections at the time of Budget 2018. The Guyana Revenue Authority remitted $49.2 billion,” the report states.According to the report, this is equivalent to 28.8 per cent of tax revenue, compared to figures of $42.3 billion or 27.9 per cent in 2016. It is also $2.2 billion more than the sum at the time of presentation of Budget 2018.last_img read more

Update – Crews respond to house fire on 110th Avenue

first_imgPhoto:  Fire crews responded to a fire on 110th avenue in Fort St. John Saturday afternoon – Adam Reaburn/Energeticcity.caThe RCMP and the Fort St. John Fire Department responded to a house fire on 100th avenue in Fort St. John Saturday.- Advertisement -Fire crews received the call around 1:45pm and when they arrived on scene there was a lot smoke coming from the rear of the house. Deputy Fire Chief Curtis Redpath, believes the fire started in a bedroom which had been turned into sewing room.  The majority of the damage was contained to the bedroom and a nearby bathroom.  The rest of the home suffered heavy smoke and heat damage. Damage is estimated at several hundred thousand dollars.Redpath believes the fire may have been caused by an electrical failure in the bedroom and he does not believe the fire is suspicious in nature.  The house is located on 110th avenue between 102nd street and 104th street.  No one was at home when the fire broke out.last_img read more

Coral Daily Download – Get on Arsenal to beat Man United but steer clear of Liverpool

first_imgJohn Hill joins the Alan Brazil Sports Breakfast to round up the latest sporting odds.Coral’s PR manager says Arsenal look a good bet to beat Manchester United at the Emirates on Saturday, with the Gunners priced at 6/5 to take all three points.He looks ahead to Sunday’s clash between Crystal Palace and Liverpool too, and admits he would steer clear of backing Brendan Rodgers’ side for victory at Selhurst Park at odds of 4/5.Hill also says he expects Chelsea to extend their winning run against West Brom and reveals they are just 10/1 to go through the entire Premier League season unbeaten.talkSPORT has live and exclusive national radio coverage of Arsenal v Manchester United on Saturday and Crystal Palace v Liverpool on Sundaylast_img read more

Thousands mourn fallen deputy

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl event Baca said Rosa committed her life to a positive goal, telling him early on that she wanted to make a difference. She made a difference, the sheriff said. Burial was planned at All Souls Cemetery in Long Beach. Rosa, 30, of Pomona was off duty when she was killed March 28 at about 6 a.m. in the driveway of a Long Beach home. She was about to leave for her job as a jailer. Witnesses said they heard gunshots before two men ran from the scene, Long Beach police Chief Anthony Batts said, adding the motive was apparently robbery or attempted robbery. There have been no arrests. A native of Sonora, Mexico, Rosa was hired by the Sheriff’s Department in July 2000. She was assigned to work at the county jail’s Inmate Reception Center. LOS ANGELES (AP) – Some 1,500 law enforcement officers statewide were among thousands of mourners at Tuesday’s funeral for Deputy Maria Cecelia Rosa, who was shot to death during an apparent robbery attempt. Cardinal Roger Mahony presided over the funeral Mass at the downtown Cathedral of Our Lady of the Angels and Sheriff Lee Baca spoke about the dedication of the young deputy, sheriff’s spokesman Steve Whitman said. Uniformed deputies stood as sentries alongside her flag-draped casket as officers throughout California marched into the cathedral, their steps echoing dramatically like a steady drumbeat in the cavernous sanctuary. The news media was barred from the funeral, at the family’s request. Rosa is survived by three brothers and two sisters.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

DRIVER PLEADS GUILTY TO CAUSING DEATH OF MUCH-LOVED SCHOOLTEACHER

first_imgA MAN pleaded guilty today to causing the death by dangerous driving of a much-loved schoolteacher.Damien McGeehan, 20, originally from Loughanure, but with an address at 1 New Cottage, Annagry, entered his guilty plea at Letterkenny Circuit Court today following the death in August 2010 of 51-year-old Marie O’Donnell.The victim died in the crash as she drove home from a friend’s 25th wedding anniversary celebrations with her husband John. Mr O’Donnell was in court today to hear McGeehan enter his guilty plea.Judge John O’Hagan told McGeehan that he was adjourning a decision on his sentence until he had received relevant reports.On being told by counsel for the DPP Patricia McLaughlin that Mr O’Donnell was in court, Judge O’Hagan said: “It must be considerable relief to you that someone has put their hands up and taken responsibility for this.”McGeehan, who was living in Milford at the time of the crash, was remanded on continuing bail.Mr and Mrs O’Donnell were on their way home from the wedding anniversary party of friends Henry and Kathleen Callaghan on August 11, 2010, when they were hit by blue Honda Civic driven by McGeehan.The incident happened on the back road between Milford and Kilmacrennan. The mother of two died and her husband was seriously injured in the smash.Mrs O’Donnell, from Knockbrack, Portsalon, was a teacher at Drumfad National School in Kerrykeel.AT HEARING – © 2011 donegaldaily.com, all Rights ReservedThe copying, republication or redistribution of donegaldaily.com Content, including by framing or similar means, is expressly prohibited by law.Follow us on www.twitter.com/donegaldailyFollow us on www.facebook.com/donegaldailyDRIVER PLEADS GUILTY TO CAUSING DEATH OF MUCH-LOVED SCHOOLTEACHER was last modified: January 31st, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:DEATH BY DANGEROUS DRIVINGMARIE O’DONNNELLTEACHERlast_img read more