Latest update April 25th, 2026 12:35 AM
Latest News
- GMIN tightening grip on Guyana’s gold through 10% in another Canadian firm
- Wales gas project contractor accused of revolving corruption and financial deception
- We need justice for Adriana Younge!
- Oil rises above $106 per barrel as U.S., Iran deadlocked in Strait of Hormuz
- APNU flays Govt. over delayed GTE project as bills grow and benefits remain distant
Reduced Taxation is needed in Guyana
DEAR EDITOR,
Currently in Guyana, Corporation Tax for non-commercial companies is 30%, 40% for commercial companies and 45% for telecommunication companies. These rates should be abolished by creating a single reduced rate for corporation tax set at 25% which creates fairer taxation, as high corporation taxes are burdensome to companies.
I am also advocating that the lower rate (28%) and the higher rate (40%) of income tax be unified and set at 25% as high taxation discourages people from paying their fair share of taxes.
While these reductions in taxation to 25% will lower Government Revenue, it is believed that our returns from the discovery of oil can vastly offset this loss.
It is time for the PNC-led APNU+AFC Government of President David Granger to wise-up and not squander this magnificent opportunity to do the right thing.
Yours Faithfully
Sean Ori
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.