BUSINESESS WITH CASH ONLY POLICES

BUSINESSES WITH CASH ONLY POLICES

Businesses in St marten are welcomed by  our government to conduct  under an E.N.V which clearly  STATES to follow rules by paying taxes  on earnings to the government and then  earnings for  themselves  to  make our country successful  , we as the country an island  give opportunities  to foreigners to succeed  and as well  grow our economy for future . There are businesses who take advantage of this situation by avoiding gross receipt taxes monthly and cheating on yearly turnover taxes by only accepting   CASH ONLY from customers,   this practice is not fair, it is not illegal yet in twenty-first century   majority of citizens along with tourist carry credit cards and debit cards to pay their expenses, purchases and dinners . I think tax authorities should investigate these culprits to pay fines and set rules how a business transacts with their clients. There are food places which I have been disgraced and embarrassed in public by their attitude towards locals.welcome, as certain banks charge a fee to withdraw from ATM which affects our savings from our earnings . I believe there should be a fair practice set  in place by not only accepting cash but credit cards, and debit cards as well.Future growth for our country depends on regulations set by tax authorizes they must  implement a stronger plan to recover past taxes as well future earnings from businesses such as above establishment, who run strictly only cash policy. These kinds of restaurants exist all over the island starting from Maho to Philips burg.

 

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