‘TAXATION POLICIES SUFFOCATING LOCAL BUSINESSESS’
Wednesday, October 21st, 2009BARBADOS ADVOCATE
JULY 6, 2005
Parliamentary representative for St. Lucy, Denis Kellman is charging that Government’s current taxation policy caters to international companies but puts local businesses at a disadvantage.
He told members in the House of Assembly yesterday, “Government’s taxation policy cannot be about international policy. It has to be about home grown businesses and it has to be so attractive that international businesses should want to come and enjoy the benefits of the local businesses.”
“But in this country, what we are seeing is the reverse, that we are doing everything for the outside companies and at the same time, we are suffocating our local companies. What I am asking for is a reverse of policy. What we should do is to create the climate for local business and create jealousy on the international market so that they would want to come and enjoy the benefits of the local companies and atmosphere, “he stated.
Kellman says that this particular taxation policy must be changed in order to be a “fair one for one and all and not those who come begging to our country.”
“As long as you have international businesses having a better tax break than your local company – you will always have a problem – because it is clear to everyone that you are only putting a taxation system in place to attract people and you are not doing it for your own… This country will continue to be a non productive country as long as we keep the present taxation system in place. We have oppressed the local investors, we oppress the workers, but we attract foreign people who have not committed to the country,” he said.
He told Members of Parliament that they must first understand the dynamics of international politics, where the major players are interested solely in keeping their market share. “I am saying that we in small countries … we are not just a player, we are an important player in this particular market and we must behave like that player.
But I have found that since 1994 until now, that we have not appreciated that particular position that we stand in this market. We have been recognized by the world in this particular market and we have not accepted our position in this particular issue,” he stressed.
Kellman opined that the intervention of government into the market of international business was detrimental and should have let this industry remain in the hands of the private sector. “I think the time is right that the government recognizes that the private sector was on to a good thing, and that they hand it back to the private sector and that they only get involved in policy instead of being involved in the day to day running of this particular industry – they need to hand it over to the private sector, the ones who were doing a good job and increasing the market share for Barbados.
“I am saying that the intervention of government in this particular market has decreased the competitiveness and attractiveness in this market and they need to stand by – find out from the private sector how they can help them to continue to push this market and stop spoiling the market by interfering with it,” he said.

