Our current tax rates are killing us
The National,Monday 19th November, 2012
I CALL on the 111 members of parliament and their advisers to come up with some reasonable tax rates and policies.
The current tax rates are so exorbitant that they are killing us.
Every working class person pays tax for every single service provided to him/her apart from the compulsory income tax.
With the national budget to be delivered tomorrow, what has the minister for finance and treasury got for Papua New Guinea?
Our economy has been performing above par for the past eight years or so.
Our economy has improved as can be seen with the increase of economic activities taking place all around.
Well, what better way can the government share the wealth with its people than to reduce income tax?
The equation then will be less tax = increased income = financial burdens relieved = happy families, etc.
Pierce Lopia
Port Moresby