King supports Tourism Stimulus and Investment Bill, warns against expediency

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King supports Tourism Stimulus and Investment Bill, warns against expediency
Stephenson King
Stephenson King

Former opposition leader and Parliamentary Representative for Castries North Stephenson King has said he supports a Tourism Stimulus and Investment Bill which government presented to the House of Assembly on Tuesday, April 15, 2014.

The bill, which seeks to foster development within the sector, also encompasses a number of special incentives and tax breaks for proposed, new and existing tourism projects and other related matters.

Speaking in parliament, King commended government for deciding to institute that piece of legislation which he said is “intended to stimulate some activity in the economy in these trying times”.

“From all indications, the construction, the content and the intent of the legislation seem to be on tact,” he further stated.

“I do hope the intended Act will create the enabling environment for the investment that is necessary. What is also commendable is that the legislation gives Saint Lucians the opportunity to invest in the sector,” he said.

King warned however, that it must be ensured that the systems and initiatives which the bill speaks of are correctly enforced. He said while it is important to stimulate the economy, it is equally critical to ensure that systems are in place to monitor, regulate and execute the legislation.

He further cautioned that structures should be monitored to avoid abuse.

King took the opportunity to speak against what he coined as expediency in parliament whereby individuals who often support initiatives when in government would turn around and fight them when in opposition.

“When in government we preach one thing, and when in opposition we preach a different thing. When I sat in the chair, that the minister for finance sits today, it often pained me when I felt that there are those who on every occasion found reason to condemn legislation even though such legislation was in the interest of the people,” he said.

“So, times have gone by and things must change and all of us in this parliament must agree that these are challenging times throughout the world,” he said.

Under the new legislation, there will be special income tax exemptions for tourism developmental projects, as well as Value Added Tax exemptions for building materials, furniture, and locally produced art and craft during the developmental period of certain tourism initiatives.

Anyone who fails to comply with conditions of this Act may have their approval for such incentives revoked or suspended. This will be done by cabinet.

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9 COMMENTS

  1. People only calls King "wise", "good politician" "good man" only because he is out of office. That is what St. Lucia is made of "A DEAD HERO SOCIETY". When he wanted to implement such things in the country what did these same people say "Lying King".

    In our hearts we know who is lying to us. What about the person who said that he would find out why Richard lost his visa? two and a half years in power is not enough to find out but i am sure to the better thinkers among us that he will suggest an answer just around elections. DISGUSTING!!

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  2. The only industry that St Lucia has is the tourist industry, and when you all call the hotels plantations and the Gods stop coming, hope you all eat one and other. I bet Barbados does not call their hotels plantations or the Bahamas or Turks and Cacios. racisism will be you all undoing.

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  3. I still like him but never as a leader. If he cannot understand and accept that it wasn't Chastanet who got rid of him as leader but the Flambeaus who did it democratically. Something so simple. I wish he would go labour ASAP and stop saying that he is still Flambeau. The dust is settling.

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  4. King will support everything....I will not be surprise if he is a minister of Social Transformation by 1 June,2014.....

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  5. Investors are seen and treated as Gods in Saint Lucia, and I totally agree with Derek Walcott when he said that hotels are modern plantations.
    History repeats itself. When Europeans first landed, the Natives treated them like Gods, then the white Gods turned around and enslaved them. Most of them died so the Gods imported African slaves, whom today, are still trapped in the old ways, systemically set up but the remnants of the Gods.

    Money talks, and if you don't have it, then you're forked. SLP and UWP, how about some incentives for today's Natives? And stop that 'challenging times' crap, I've heard it for years, buckle your belt and get to work...for the people.

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  6. I must say This man is probably one of the most humble politicians in this country. I admire him for standing firmly and of course for giving credit where it is due..

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