Monday, September 5, 2005
In Antigua, the government is moving full steam ahead with the introduction of a sales tax.
Finance Minister Dr. Errol Cort, promised a white paper would be launched later this month that will include a full economic analysis of the Antigua & Barbuda Sales Tax (ABST).
He said the document will be fully circulated and consultations would soon be mounted to give members of the public a full and wide opportunity to participate.
Dr Cort said the consultations will continue on pace and the National Economic and Social Council (NESC), a broad-based investment body established by the government, has already been apprised of the pending introduction of the sales tax.
The ABST serves as a value added tax, which is an indirect tax imposed on the value added of each stage of production and distribution.