On January 1, 1991, the previous Conservative Government replaced the federal manufacturer's sales
tax with the Goods and Services Tax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revenue ba
tax with the Goods and Services
Tax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revenue ba
Tax,
thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much
more predictable and stable
revenue base.
He said during the NPP era, where the country was under HIPC, corporate
tax was 32 percent which was very high, but the NPP took a pragmatic step to rather reduce the
taxes to 25 percent, to save the situation,
thereby realizing
more revenue for the country.