The Government of Guyana should pursue reducing income and corporate taxes as opposed to giving handouts from expected oil revenues, according to Investment Fund Manager David Pollard.
During a public lecture on Wednesday night at the Georgetown Club, Pollard said if the government has the capacity to fund its capital and other works with the additional revenues, then there would be no need for there to be high income or corporate taxes, or for them to even exist at all.
With such a move, he noted, every worker stands to benefit and would be able to get their “piece of the pie.” A move like that, he added, would result in the beneficiaries not being incentivised to avoid work and an increase in corporate efficiency, which would be as a result of lower wage and corporate costs.
