There are several benefits for citizens and the country should the proposed Trinidad and Tobago Revenue Authority becomes a reality.
The assurance comes from Minister of Finance, Colm Imbert, during his presentation of the Trinidad and Tobago Revenue Authority Bill, 2021 in the parliament on Friday afternoon.
Minister Imbert said the Opposition did not support the 2018 Revenue Authority Bill which resulted in the Bill being withdrawn in September 2019 after the motion to adopt the committee’s report was made in the house.
Minister Imbert said a third bill was introduced in the Senate in November 2019 and approved in that place with amendments in May 2019, that bill lapsed in July 2020.
The Finance Minister said each of those past bills required the support of a special majority of three fifths of the members of each house of parliament to be successfully passed.
Minister Imbert said they could not be passed without the support of members of the opposition.
Minister Imbert then elaborated on the benefits Trinidad and Tobago will enjoy once the Authority is established.