SEPTEMBER 29TH - OCTOBER 6TH, 2012
VOLUME 8 No. 39
VAT WILL
LOWER PRICES Website: www.suntci.com
Email: sun@suntci.com
Tel: 649-946-8542
$1.00
Fax: 649-941-3281
www. twitter.com/suntci
CFO defends VAT while TCI business community writes to UK Foreign Minister about it.
Most prices in the Turks and Caicos Islands should remain the same or even fall, with the introduction of the 11 percent Value Added Tax (VAT) on April 1st next year, said Hugh McGarel-Groves, Chief Financial Officer. He stated: “If retail prices for basic goods rise then this is simply down to sharp practice. The only area where people may see price rises when VAT is introduced is in a limited range of service industries – mainly those who buy accountancy, legal or architectural services, for example. The Government has gone to great lengths to ensure that the range of VAT exempt and zero-rated items makes sure that the man in the street is not adversely affected by VAT… Indeed, we have actually expanded the range of exempted items to include essential fire and safety equipment, health supplies and, with one eye to the future, renewable energy equipment.” CONTINUED ON PAGE 2
RETRIAL ORDERED FOR KEISHA PARNELL MURDER CASE STORY ON PAGE 7
POLICE BEING TRAINED FOR RIOTS STORY ON PAGE 8
NATIONAL YOUTH DAY PARADE ACTIVITES
The National Youth Day activities climaxed on Providenciales with a parade from the CIBC FirstCaribbean International Bank parking lot to the Downtown Ball Park, on Friday, September 28. The week began with a church service on Sunday, September 23, at the New Testament Church of God in Blue Hills. This was followed by a number of other activities, including a roundtable discussion with aspiring political leaders and a quiz competition. The Youth Day Parade also included a banner competition, athletics activities and performances. Photo shows students and teachers of the Ianthe Pratt Primary School taking part in the parade. At left is Porsha Stubbs Smith, the Progressive National Party (PNP) candidate for the Bight, also participating in the march.
TWO CANADIAN FRAUDSTERS SEEKING ASYLUM IN TCI - PG8
PASTORS BLAST EQUALITY BILL - PG15