Sint Maarten repeals property taxes and dividends

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The government of Sint Maarten has embarked on a reform of its taxation, the objective being to "simplify the system" by "moving as much as possible from a system of direct taxation to a system of indirect taxation", said the week last Richard Gibson, Minister of Finance of the Dutch side. While the Minister recalls that revenues are insufficient and that balancing the budget is a real "challenge", he announces the approval of the Council of Ministers to repeal certain laws which did not serve the interest of the population and which reported nothing because not applied. Among which, the property tax and the dividend tax. (More details on www.soualigapost.com)

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