CABINET HAS not yet deliberated on the content of the White Paper on tax reform, which is to be tabled in Parliament.
Finance Minister Dr Peter Phillips on Wednesday said the White Paper had been prepared and would go to Cabinet "in the very near future" before being presented to the House of Representatives.
Phillips has said he hopes the White Paper would be in the House by next month. The minister has already missed a deadline for the policy document to be brought to Parliament.
In March, Phillips, while announcing that the tabling of the Budget would be delayed, had imposed a May timeline for the White Paper being brought to the House.
"We need to conclude all our work to enable the White Paper to be presented at the time of the Budget," he had said.
"I would want the Parliament to be able to have the report and for that report to be considered here in the full House, and for the Cabinet to have the benefit of that report in the preparation of a White Paper - tax policy document - which would need to be presented at the time of the Budget," the minister added.
But on Wednesday, Phillips noted that the report from the committee on taxation was only tabled in June. He said the debate on the report formed some part of the consideration in preparing the White Paper.
He stressed that "the White Paper has been prepared and it needs to be formally considered by the Cabinet".
He also noted that the parliamentary committee's work should have been concluded in November 2011.