UWP alarmed by amendment to Tourism Stimulus and Investment Act 2014

8
UWP alarmed by amendment to Tourism Stimulus and Investment Act 2014

1448053662-5168

PRESS RELEASE – The United Workers’ Party, is alarmed that the Government, has tabled an Amendment to the Tourism Stimulus and Investment Act 2014 that will give huge tax breaks to new investors without any consultation with stakeholders in the tourism industry, and without any prior notice to the Opposition.

These generous concessions give back to the developers between 5% at the low end for investments between US$1 to US$5 million, to 100% at the high end for investments over US$100 million.

What this means is that new tourism development at the high end will be funded in part by Saint Lucian taxpayers.

Even worse is an amendment which will give developers the right to import and to purchase locally all food and beverage without having to pay any duties or excise taxes.

This will place the restaurants and bars of existing hotels at a competitive disadvantage as these concessions are not extended to them. This is both discriminatory and unfair and could well cause the collapse of several hotel properties that are already struggling and will put more people out of jobs.

In addition, the duty free access to imported food and beverages from overseas could well have a negative impact on our local farmers and food processors, who may find themselves cut out of the supply chain by a flood of cheap imported goods. What will be done to protect our farmers and our producers of art and craft items, that have until now, been able to supply hotel properties with their goods?

No tourism official with whom the leadership of the UWP has consulted, is familiar with these proposed measures.

The UWP Members of Parliament have therefore requested that the Government withdraw the Amendments to give time for broad-based consultation on the proposed measures.

(22)(4)

No posts to display

8 COMMENTS

  1. There are some self-serving politicians in the mix who are bent on protecting themselves and their friends. People need to identify those, before they are mislead into believing that those politicians are serving their interest.

    (2)(0)

  2. SLP Response: "Chastanet is a Liar, Chastenet is misleading the people. These concessions started under the UWP. Nothing has changed. Actually these concessions will stimulate growth in small businesses and will create Jobs, Jobs, Jobs" Wait for it #CommunicationsDirector

    (1)(2)

  3. These Amendments on the face it seem unjust for hard working hoteliers who have been investing our tourism sector for years. I wonder what Kenny all do if they start to close in the face of unfair competition, especially the all-inclusive properties.

    Look like Kenny will stop at nothing to sell out Saint Lucia. First it was Juffali and now this. Us Lucians are second-class citizens on our own country.

    (4)(0)

  4. the SLP must be given a chance to defend itself. The UWP always have a way, though having good grounds to mount a challenge, of muddling it - squandering it. So lets hear what the SLP has to say on that subject.

    (2)(10)

Comments are closed.