Prime Minister Dr. Timothy Harris has “categorically” denied suggestions that his administration is moving to re-introduce income tax in St. Kitts-Nevis describing the statement made by the Opposition Leader Dr. Denzil Douglas as “hysteria”.
According to the Antigua Observer, Douglas, responding to the 808.3 million EC dollars budget presented to Parliament last week by Prime Minister Harris disagreed with the government’s projection that it gets a 40 per cent increase in revenue from taxes.
Instead he told legislators that the Team Unity government was probably thinking of re-introducing personal income tax and that it cannot justify the projected increase while admitting that it had lost revenue from the Value Added Tax (VAT) because it had earlier been removed from food, medicine and funeral services.
But speaking on radio, Prime Minister Harris said the economy is doing well and there is no need to bring back personal income tax and dismissed suggestions by Douglas that the fiscal package is a continuation of his administration policies.
