CITA says Mac’s new tax is ‘grossly unfair’

| 02/08/2012

(CNS Business): Taking the government to task over the new payroll tax for expat workers, the Cayman Islands Tourism Association (CITA) has said that tourism businesses will do their part to help the economy “but without any demonstration of financial discipline from Government, without a core understanding of where Government revenues are derived and little recognition that there is a line that should not be crossed, no sympathy or support will be given to any new taxation proposals.” In an unequivocal statement, CITA also notes the folly of removing the pension requirement and says the move to tax private sector expats only is “grossly unfair and divisive” which “runs counter to the aim and necessity of maintaining a harmonious community in the Cayman Islands.” Read more and comment on CNS Business

Category: Business

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