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St Kitts PM Dismisses Income Tax Rumour

by Phillip Morton, Investors Offshore.com

01 February 2011


In response to opposition comments, the Prime Minister of Saint Kitts and Nevis, Denzil Douglas has denied that Personal Income Taxation is to be re-introduced in the twin-island federation.

Responding to a question from a telephone caller during a Town Hall Meeting to mark the first anniversary of the election for a fourth consecutive term in office, Douglas accused the opposition party of misinformation.

“We have no intention; we have had no discussion; and we have had no intention in recent times or in the near future to reintroduce Personal Income Tax. If that were ever to happen, it will be done after profound consultation with the people of St. Kitts and Nevis. At the moment, there is [no proposal] of that kind.”

Douglas emphasized that the government has always disclosed proposed changes to policy in advance to taxpayers, especially when a proposal affects the islands’ economy.

TAGS: tax | investment | business | fiscal policy | international financial centres (IFC) | offshore | tax rates | Saint Kitts and Nevis | individual income tax

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