Revenue Agency Announced

Minister of economic affairs, Dr David Estwick has announced plans to establish a central revenue authority, which would combine all of the government's existing revenue collecting agencies. The new entity - potential administrative and organisational structures for which are intended to be outlined by April - is targeted with improving revenue collection, with Estwick estimating that the amalgamated authority would result in a 20-25% rise in government intakes. While an increase of this order would provide a much needed boost to government accounts, we caution that the impact is likely to be muted by ongoing elevated spending levels.

To read the full article, please choose one of the following options: