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A-G To Business Community: Name, Shame The Dishonest

Government has appealed to the business community to bring into the spotlight those people who are conducting dishonest practices. Attorney-General and Minister for Finance, Aiyaz Sayed-Khaiyum, highlighted this yesterday during
16 Aug 2015 11:07
A-G To Business Community: Name, Shame The Dishonest
Attorney-General and Minister for Finance, Aiyaz Sayed-Khaiyum.

Government has appealed to the business community to bring into the spotlight those people who are conducting dishonest practices.

Attorney-General and Minister for Finance, Aiyaz Sayed-Khaiyum, highlighted this yesterday during the Fiji Business Forum held at the Grand Pacific Hotel in Suva.

He was talking about the anomalies in our taxation system which he said indicate room open for leakages.

Mr Sayed-Khaiyum said the anomaly indicated there are people (in business) stealing from the system and there is fundamentally a culture of dishonesty.

“For example, there are some groceries and supermarket outlets that are rigging the system and that is a fact and reality,” he said.

This was his appeal to the business community, as people who are movers and shakers within the commerce sector in Fiji:

“We must develop the attitude, where your sector must shame these people into doing the right thing,” he stated.

 

Capacity

Mr Sayed-Khaiyum said if Fiji Revenue and Customs Authority’s compliance capacity increases, then these people would not get away with these sorts of things.

But, he stated, that should not be any excuse to dishonesty.

“We have the lowest tax rates for companies in this part of the world – 20 per cent. For listed companies, it is 10 per cent. These are very favourable terms,” he said.

“We have increased tax threshold for income to $16,000 – for employers, we have helped you give your employees a pay rise.

“I do not know how many employers thought about it that way.”

Feedback: rachnal@fijisun.com.fj

 

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