In a scathing rebuff of the 2017 Financial Statement and Budgetary Proposals, Opposition Leader Mia Mottley this afternoon charged that Minister of Finance Chris Sinckler had handed Barbados the “most vicious tax take” ever to hit country since the introduction of the taxation in 1941.
Mottley wasted no time in thrashing the fiscal measures, which she said would result in an additional $481 million in taxes, plunging Barbadians into greater hardship.
“$291 million for a National Social Responsibility Levy – in one year, almost $300 million; $140 million in the two per cent commission on foreign exchange; $50 million in excise tax; and $481 million in additional taxes. Where is it coming from?”
Mottley blasted the Government for asking Barbadians to make sacrifice after sacrifice with no real reward.
“You ask the middle class of this country to make another sacrifice, you ask civil servants in this country to make another sacrifice, you ask poor people in this country to make another sacrifice, you beg them to hold strain, you tell them about team Barbados . . . you tell them you have this wonderful homegrown strategy, and nine years later what do they get yesterday evening? All they have to show for their sacrifice is an effective de facto devaluation of their social and economic existence and a de facto devaluation of the Barbados dollar by these measures that have been put by the Minister of Finance,” she said in delivering her official rely to the Budget.