An increase in NIS rates will have serious implications for the business community

Dear Editor,

I refer to an article in your November 15, 2012 edition regarding the imbalance in “NIS investments.” For the business community, any increase in rates will have very serious implications. It is also reasonable to expect that higher rates could encourage more evasion.

While I fully understand that every effort must be made to bring NIS back into ‘balance,‘ other strategies should first be explored. In this regard, I strongly urge the umbrella business organisations to engage the wider business community in a comprehensive review of the current circumstances surrounding the actuarial report to find alternative strategies, including widening the NIS net.

Yours faithfully,
David Yhann

More in Letters

Comments

About these comments

The comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit or delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Get the day's headlines from SN in your inbox every morning:

Most Read This Week

  1. Guyanese man, woman die in New Jersey car crash

  2. Five remanded over murder of Tain mother

  3. Ruby fisherman beaten to death after reportedly trying to rob woman

  4. Alleged mastermind in Tain execution turns herself over to police

  5. New Thriving Restaurant owed GPL over $90m at end of 2015 –audit

  6. Five remanded over murder of Williamsburg phone card dealer

  7. Trump administration drafts plan to raise asylum bar, speed deportations

  8. GPL knew Colin Welch faked resume six months after hire – audit

  9. Parking meter contract can be revoked


Recommended For You