- Jomo Thomas urges the government to immediately reduce VAT from 16% to 14% to ease the burden on the poor.
- He criticizes the IMF’s policy recommendations, warning they would worsen poverty and unemployment.
- Thomas rejects IMF suggestions to use CBI funds only for debt repayment and to rely on targeted cash transfers, citing lack of funds and past failures.
- He supports collecting unpaid taxes from large corporations to raise revenue instead of increasing taxes on the working class.
- Thomas blames former Prime Minister Gonsalves for the country’s poor economic state and dismisses his use of the IMF report for political gain.
Source: stvincenttimes.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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