Members of the tax reform panel set up by former President Donald Ramotar in 2011 yesterday listed unfavourable regimens which should be addressed and adverted to the findings of an international study which showed a concentration of tax collection from a limited number of taxpayers.
Ronald Alli and Clifford Reis in a presentation to the Private Sector Commission (PSC) also said that the study by the Duke Center for International Development of Duke University in the US had determined that there was weak tax analysis and tax policy formulation capacity in the Guyana Revenue Authority (GRA) and the Ministry of Finance. Furthermore, there was underutilization of the detailed data available in the Total Revenue Integrated Processing System (TRIPS) leading to weak monitoring and evaluation of the GRA by the Ministry.
While cautioning that the presentation was not intended to identify solutions or establish recommendations, they noted
