When the House of Assembly meets on Tuesday the Opposition, St Lucia Labour Party, will be paying particular focus on the Finance Management Bill that will be tabled and which speaks to the waiver of taxes for businesses.
The bill comes in the wake of the controversy surrounding the $24.4 million withholding tax exemption approved for Sandals Resorts International.
The Opposition has criticized the government’s decision to approve the exemption describing it as an attempt to deprive St Lucia of revenue that it’s owed.
Opposition Leader Phillip J Pierre declared that “Tuesday is going to be a very exciting day.”
“And I want you to follow closely the Finance Management Bill. Because the Finance Management Bill would speak to such issues, in our opinion, of the waiver of taxes. It will speak clearly to these issues so I think it’s a very important day,” Pierre added.
Pierre is also hoping that the reported multi-million dollar loan guarantee for Fresh Start to undertake road works in Micoud South will be tabled for debate.
“We are calling on the Prime Minister to follow the law because the direct finance agreement between Fresh Start and the Government of St Lucia is actually a loan, and according to the law, it must be guaranteed by the parliament,” Pierre asserted.