Senate to debate Revenue Administration Act
Monique Grange, Assistant News Editor – Radio
The Senate will this morning begin debate on the controversial Revenue Administration Act.
The Act will, among other things, allow tax authorities to collect and pass on information to foreign authorities.
It was passed in the House of Representatives during a marathon sitting last Wednesday night.
Finance Minister Dr Peter Phillips, who piloted the bill, has argued that the amendments will assist in creating equity in the tax system.
However, the parliamentary opposition is insisting that the bill with give the tax authorities too much power.
Opposition Spokesman on Finance Audley Shaw had asked for more time to debate the bill and review the proposals.
Phillips has stressed that the government does not have time for a lengthy debate as the bill is one of the requirements under the International Monetary Fund programme.
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