0

The govt and tax compliance

EDITOR, The Tribune.

DURING the last Budget presentation, the Government snuck a provision through that businesses would have to apply for a Tax Compliance Certificate in order to be paid by them for goods and services.

In essence, if your taxes are not paid, the government will not pay you.

Seems like a reasonable proposition until you make application and find out that if a courier company imported something on your behalf and has not paid the import taxes you cannot get paid by the government.

And it doesn’t matter if you paid your courier company.

Let me expand a bit.

A courier company clears your goods on the strength of a guarantee or Bond with Customs that the government can draw down on if the courier company does not pay the import taxes.

But instead of doing so, and calling on their first charge (the bond), the Ministry of Finance deems the consignee should be held liable even if you have paid the courier company,  and refuses to issue your Tax Compliance Certificate.

Having to apply for a Tax Compliance Certificate to the authority that tells you you are compliant or not is laughable until you stop and think how ridiculous it is.

You mean they don’t know if a company is tax compliant or not until the government makes them jump through more bureaucratic hoops in order to obtain yet another piece of paper?

Enough is enough. Businesses should refuse to sell goods or services to the government on a charge basis.

You want a product or service Mr Government, you pay for it via cheque, cash or credit card like everyone else.

To get goods and services from a business and then withhold payment because a courier company has not paid their import taxes is nothing short of immoral and confirms the old saying from Oliver Twist that “the law is an ass, an idiot”.

Completely contrary to common sense in this case.

RICK LOWE

Nassau,

August 24, 2016.

Comments

Economist 7 years, 8 months ago

Stop complaining like a little child. Grow up and sue the government to do what they should do.

Hire Fred Smith Q.C. and put the government in their place.

Otherwise please shut up and sit in the corner like a good little boy.

0

Well_mudda_take_sic 7 years, 8 months ago

@Economist you truly are a genuine idiot if you believe anything can be cost effectively resolved in our courts today; our judges are even afraid to enforce the orders they give in their own rulings against the government.

1

Economist 7 years, 8 months ago

Well, they released the Cubans. They released the McKinsey Report. I understand that they have paid some of the legal bills.

0

banker 7 years, 8 months ago

@Economist -- you have just lost all of your credibility. This doesn't call for ad hominem when a bad situation is being exposed. Divide and conquer is a PLP strategy.

Rick Lowe is proven to be a Bahamian patriot.

0

Well_mudda_take_sic 7 years, 8 months ago

Mr. Lowe you are tackling this problem the wrong way. What you and other business executives should be vigorously agitating for is a law requiring each candidate for elected office to produce and publish an independently audited personal tax compliance certificate before their name can be put on a ballot. The new law should also require MPs and Senators to produce and publish an independently audited tax compliance certificate annually. Such tax compliance certificates should extend to all enterprises beneficially owned by the candidates, sitting MPs and Senators and members of their immediate families. What is good for the goose is good for the gander and we have far too many MPs and Senators (with business enterprises beneficially owned by themselves or immediate members of their family) who are seriously delinquent in their payment of real property tax, VAT, national insurance contributions for employees, electricity bills, phone bills, water bills, etc. etc. Our elected officials should be made to demonstrate that they are leading by example when it comes promptly paying our government departments, agencies and corporations the amounts they owe in respect of taxes, fees, NI contributions, utility bills, etc. without exception.

2

Sickened 7 years, 7 months ago

Hold on. Are you saying that you want and deserve honest, good people to run our country?

1

Sign in to comment