The Employers' Consultative Association (ECA) says more clarification is needed before the Government seeks to implement the property tax.
The ECA has joined other organisations in commenting on the government's move to reintroduce the tax.
The following is the ECA's statement:
The American Chamber of Commerce of Trinidad & Tobago (AMCHAM T&T) is concerned about the lack of clarity on the implementation of the proposed Property Tax.
AMCHAMT T&T understands the urgency of increased revenue collection and supports the need for a Property Tax. However, the re-introduction of any policy measure must not occur in an environment of uncertainty. We urge the Government to provide details on the valuation and implementation of the Property Tax, particularly where it relates to uncovered plant, rigs, and machinery.