Pointing to the decline in taxes paid by the self-employed, accounting firm Ram and McRae says that evasion by professionals has “gone wild” and something has to be done.
In its annual review of the budget that appeared in yesterday’s Stabroek News, the firm noted that Finance Minister Dr Ashni Singh spent some time on Monday discussing tax administration and reducing tax compliance gaps across all categories of existing and potential taxpayers. “Whether by `gaps’ he meant tax evasion is uncertain, but there appears to be a gap as wide as the Demerara River when it comes to some categories”, the budget review said.
