Senator Dwayne George Calls for Increased Contribution from All, Including Non-Nationals, in Money Transfer Taxes

The content originally appeared on: Antigua News Room

Senator Dwayne George voiced his strong support for a bill seeking to raise taxes on money transfers out of Antigua and Barbuda.

The bill, passed earlier today, proposes increasing the existing 2% tax to 5%, with Senator George advocating for a “bigger contribution” from all individuals, including non-nationals, to bolster the country’s finances.

“Antigua and Barbuda must ensure that everyone, regardless of nationality, contributes their fair share to the country’s economic well-being,” Senator George asserted.

He highlighted that both nationals and non-nationals benefit from the services provided by the government, including healthcare, education, and public goods, and therefore, it is only fair that everyone contributes proportionately.

“We’re asking for just a little bigger contribution,” Senator George reiterated, emphasizing the minimal impact of the proposed increase on individuals.

He urged his fellow senators to support the bill, stating that it is a necessary step towards building a strong and resilient economy for Antigua and Barbuda.

Senator George also addressed potential opposition to the bill, urging unity and support for measures that benefit the country. “We must all work together towards the common goal of economic prosperity,” he emphasized.

The senator’s call for a “bigger contribution” from non-nationals sparked a lively debate in the Senate, with some senators expressing concerns about the potential impact of the tax increase.

However, Senator George remained steadfast in his support for the bill, arguing that it is essential for the country’s economic growth.

“Non-nationals who choose to live and work in Antigua and Barbuda should contribute to the country’s finances,” Senator George stated. He emphasized that the proposed increase is a reasonable measure to ensure that everyone contributes their fair share.

Senator George reiterated his full support for the bill, emphasizing the importance of all residents, including non-nationals, playing a more significant role in the country’s financial stability and economic development.

“We must all do our part to ensure a prosperous future for Antigua and Barbuda,” he concluded.

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