| The Value Added Tax (VAT) has, ever since its introduction in 2007,Cheap MLB Jerseys Free Shipping, been a bone of contention, a source of protest action and literal tit for tat between the ruling administration, the political opposition, civil society and the private sector among others. But Donald Ramotar has proposed to have the tax reviewed.This is according to the manifesto that was revealed recently by Presidential Candidate of the People’s Progressive Party Civic which proposes to ensure a continuous review of “our taxation system including the VAT, to ensure it remains competitive and is effective in promoting growth, initiative,Cheap NFL Jerseys China, and welfare, by identifying and implementing further reforms to broaden the taxpayer base, reduceeffective rates especially to the most vulnerable, and raise administrative efficiency of the Revenue Authority.”Embedded in the manifesto for the widely popular PPP/C also is a promise by a Ramotar-led administration to continue to manage the economy prudently and soundly, with the principal aims being accelerated real economic growth, preservation of debt sustainability by ensuring a steady decline in the fiscal deficit and prudent incurrence of new debt, and maintaining external sustainability by promoting rapid growth in exports and reduced dependence on imported inputs especially fossil fuels and food items.Ramotar is also proposing to facilitate a complete transformation of the productive sectors with the aim of creating more jobs and generating more wealth,Cheap Jerseys Store, by encouraging faster growth in such labour- and skill-intensive sectors as information and communication technology, large scale agriculture and agro-processing,Wholesale Jerseys China, and sustainable harvesting of our country’s vast natural resources.According to the PPPC manifesto Ramotar is looking to improve the environment for doing business, through the use of information technology along with administrative and institutional reforms with special emphasis on reducing the cost and improving the ease with which the business community can execute transactions with Government agencies.He is looking to secure the long term strength and stability of the financial system by consolidating financial sector supervision and extending the regulatory perimeter of the Bank of Guyana to include all entities providing financial services,Cheap Jerseys Free Shipping, reviewing all financial sector supervision and regulation legislation,Cheap NFL Jerseys, and strengthening supervisory capabilities.Touted for some time now as a measure with which to improve the ease with which credit can be accessed by the private sector the party’s manifesto looks to facilitate the establishment of a credit bureau.Ramotar is also promising to continue to work with financial institutions on making credit affordable to small and medium-sized businesses and improve the ease with which financing can be raised on the capital market by the business community, including by incentivising more companies to go public, and ensuring the existence of an exchange that promotes good corporate governance and provides effective investment intermediation.The Presidential Candidate is also touting the greater use of E-governance mechanisms to better manage the provision of government services.Meanwhile A Partnership for National Unity has been working assiduously to fine tune its manifesto and this publication understands that they have set November 7 as the day when it will unveil to the public its manifesto for the 2011 General and Regional Elections. |
