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Taxes

Facing a short-fall of revenue and demands for more infrastructure spending, the government is expected to consult business leaders on different tax options.  With considerable debate among elected representatives and government economists, the Roslin administration appears to have narrowed the options to five.

  • A property tax of 5% on the value of all manufacturers machines.
  • An excise tax of $1 on raw materials
  • An increase in the income tax rate for all middle and high income earners.
  • A sales tax of 5%
  • A corporate profits tax of 10%

Once consultations are completed with business stakeholders, it is expected that the government will immediately pass the tax legislation.

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