One of the newly-formed political parties, Change Guyana says that the current government structure relies on taxation rates that are too heavy and that there are not enough investment incentives.
In a press release on Tuesday, the party headed by businessman Robert Badal stated that it has “noted with concern” the remarks made by the Finance Minister, Winston Jordan, who labelled the private sector’s view that heavy taxation was restricting business operations over the years as a “ruse”. Change Guyana said the onerous taxation is not restricting business operations per se, rather, it is restricting investments.
According to Change Guyana, new investments need to be incentivised for the same reason foreign investors benefit from massive incentives – to attract foreign direct investments.
