By Raffique Shah
January 29, 2012
PRESIDENT Barack Obama’s bold move to seek to apply a tax rate of 30 per cent to America’s super-rich should serve as a catalyst of sorts for Finance Minister Winston Dookeran. Dookeran said recently that his ministry would soon review the income tax regime in Trinidad and Tobago. Changes to this country’s income and corporate taxes were last made in 2006. Then, the Patrick Manning government raised the personal allowance for individuals to $60,000, and applied a fixed rate of 25 per cent tax on all chargeable incomes above that.
Continue reading Let the tax debate begin