Come August, the public will finally have an opportunity to weigh in on the wealth of changes in the tax system being imposed by the government.
Although not much is expected to come from the process, it is said that the process will be tied to an ongoing tax review exercise currently underway.
The exercise, which began in December 2012, is managed by a 12-man task force tasked with providing recommendations to the government on the existing tax policies with proposals for possible reform. The consultations are said to be the final step in program, although some believe that it should have been the first.
Private sector professionals are said to make up most of the committee, which also includes Project Manager for Revenue Reform and Administration, Everett Christian. Neil Coates, a partner at the financial firm Grant Thorton chairs the task force. Full disclosure of the names of all members have not yet been made.
Last week Opposition Leader Hon. Gaston Browne came out against the Personal Income Tax (PIT) policy, calling for it to be rescinded but the a Ministry of Finance committee not only rejected the call, but went on to cite reasons why such a move would be unfeasible.