JUNE 15TH-JUNE 22ND, 2013
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VOLUME 9 - No. 23
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15 PERCENT TAX WARNING
Premier Ewing says prices should not be increased by 15 percent BY VIVIAN TYSON
Premier for the Turks and Caicos Islands Hon. Dr. Rufus Ewing has warned business persons against increasing the price of their items by 15 percent because of Government’s plan to add a 15 percent tax on the freight and insurance of imports. In fact, the Premier said that the proposed 15 percent flat rate customs duty on certain commodities for the 2013/2014 budget will not have an adverse effect on consumers because it would only add a few cents to the items targeted. The commodity tax, which is an element to the broader tax measure that the administration wants to bring on stream to shore up its budgetary intake, is to rake in approximately $4.5 million into government coffers for this financial year. Speaking at the post cabining news briefing on Thursday, June 13, at the Tourist Board, Premier Ewing said that the tax proposed was conceptual-
Governor of the Turks and Caicos Islands Ric Todd inspecting the uniforms of children from Grand Turk who participated in the Queen’s Birthday Parade in the country’s island-capital.
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