Tax-Compliance Measures Are Not Working
Cft: “Structural overhaul personnel costs necessaryâ€
St. Maarten – Measures the government has put in place to increase tax compliance are not working. This appears from the reaction from financial supervisor Cft to the second execution report 2015. In the first half year, tax revenue fell 8 million guilders below budget. For the whole year, St. Maarten expects to collect 8.6 million guilders less than budgeted.
Nevertheless, the government wants to increase income levels for 2015 to 470 million guilders but, as this newspaper already reported last week, this does not have the approval of the financial supervisor.
“By taking additional measures St Read more
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