The government is in support of a proposal that Regional Corporations should benefit from revenues collected from Land and Building Taxes.
People’s Partnership Representative, Dr. Suruj Rambachan, speaking at the first debate on local government representation on Thursday night said the party supports a system of taxation that is fair.
In the 2013\2014 national budget in September, Finance Minister, Larry Howai, said the measure will take effect on a phased basis from next year.
Commentating on the topic, People’s National Movement representative, Colm Imbert, said cash flow problems can be corrected should local government bodies be given the approval to collect taxes.
Movement for Social Justice Representative, Akins Vidale, made it clear while the party backs the proposal for local government corporations to collect taxes, there is need for standards to be set up beforehand, which will improve accountability.
Independent Liberal Party Representative, Ken Roach, who also took part in the event hosted by the Trinidad and Tobago Debates Commission described as outdated, the valuation system that is now in place.