{"id":24982,"date":"2024-12-12T15:05:30","date_gmt":"2024-12-12T15:05:30","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=24982"},"modified":"2024-12-12T15:06:07","modified_gmt":"2024-12-12T15:06:07","slug":"jagdeo-criticizes-tax-waiver-for-telecommunication-giant","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/jagdeo-criticizes-tax-waiver-for-telecommunication-giant\/","title":{"rendered":"Jagdeo Criticizes Tax Waiver for Telecommunication Giant"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><em>By Delicia Janneire | November 16, 2024<\/em><\/p>\n\n\n\n<p>General Secretary of the People\u2019s Progressive Party\/Civic (PPP\/C), Dr. Bharrat Jagdeo, has strongly criticized a recent decision by the Georgetown Mayor and City Council (M&amp;CC) to grant a 25% tax waiver to One Communications, formerly GTT, for its Lot 69 Brickdam property. <\/p>\n\n\n\n<p>The waiver exceeds the percentage allowed under city regulations.<\/p>\n\n\n\n<p>Dr. Jagdeo expressed concern about the decision, emphasizing that large companies with significant assets and substantial revenue streams should not be exempted from paying their fair share of taxes. <\/p>\n\n\n\n<p>He argued that such tax breaks undermine the financial stability of the City Council, which has consistently claimed to lack sufficient funds.<\/p>\n\n\n\n<p>The General Secretary also highlighted the need for transparency and uniformity in the granting of tax waivers. <\/p>\n\n\n\n<p>He stated that if tax exemptions are provided, they should be guided by a clear and equitable policy rather than private negotiations that could lead to corruption.<\/p>\n\n\n\n<p>Local Government Minister Sonia Parag also voiced her disapproval of the tax waiver, aligning with Dr. Jagdeo\u2019s position that exemptions should not favor large corporations, particularly foreign-owned entities.<\/p>\n\n\n\n<p>The issue has sparked wider debate about the fiscal responsibilities of major companies and the governance practices of the M&amp;CC. <\/p>\n\n\n\n<p>Critics argue that such waivers could set a precedent, allowing other corporations to seek similar concessions, further straining the city\u2019s financial resources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Delicia Janneire | November 16, 2024 General Secretary of the People\u2019s Progressive Party\/Civic (PPP\/C), Dr. Bharrat Jagdeo, has strongly criticized a recent decision by the Georgetown Mayor and City&hellip;<\/p>\n","protected":false},"author":4,"featured_media":24940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,350],"tags":[],"class_list":["post-24982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-economy","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/24982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=24982"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/24982\/revisions"}],"predecessor-version":[{"id":24985,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/24982\/revisions\/24985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/24940"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=24982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=24982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=24982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}