Newsday Editorial
April 13, 2016 – newsday.co.tt
THE GOVERNMENT is proposing a seven percent levy on online purchases. Shoppers have described the move as unfair, but Minister of Finance Colm Imbert has defended it, saying it would ease foreign exchange pressures, reduce revenue leakage, and divert buyers to local products. But not so. The levy is one tax too many.
Continue reading E-shopping levy not a right click
By JANELLE DE SOUZA
April 10, 2016 – newsday.co.tt
The seven percent levy on online purchases of goods and services scheduled to take effect by September will probably not slow down online shopping simply because local prices are too high.
Some regular online shoppers to overseas retail companies questioned the move by the Government to further tax online shoppers as they already pay a 20 percent duty and Value Added Tax on these items when they arrive in the country.
Continue reading Online shoppers: 7% tax unfair