St.maarten – The People’s Progressive Alliance is looking at revisiting the property taxes party-leader Gracita Arrindell announced in a recent press conference and remove it from their political manifesto which was presented last week. The manifesto states that the party intends to introduce a flat rate 10 percent income tax and to implement a 2.5 percent property tax to make up for the shortfall.
The mere thought of implementing new taxes has brought severe criticism to the party and its leader. “If the leader did not vote for herself then she will not have our vote,” some residents in the Back Street area reacted. The country has one of the highest tax-rates in the region and even though Curacao has Value Added Tax it is cheaper to live there than in St. Maarten, said another resident.
Philip van Delden, the number two candidate of the PPA says that the party was looking at creative ways to bring in more funds to the government coffers to ease the burden on citizens. “There are foreign investors on the island who are shipping all the funds overseas and none is left here. With the push of a button the funds goes directly into the account of the investor in Switzerland.”
Source: Today SXM PPA revisits property tax proposal