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Imbert: Austerity won't solve covid19 economic challenges

Imbert: Austerity won't solve covid19 economic challenges
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Trinidad And Tobago , Vidya Thurab , Colm Imbert , Finance Colm Imbert , Independent Senator Amrita Deonarine , டிரினிடாட் மற்றும் டொபாகோ , சுயாதீனமான செனட்டர் அமிர்தா தேஓனறினே ,

Imbert: Adding self-employed to national insurance 'prohibitive'


Finance Minister Colm Imbert - Vidya Thurab
Finance Minister Colm Imbert said Tuesday that the initial financial cost to government to bring self-employed people into the national insurance system (NIS) would be prohibitive. It was not certain this cost could ever be recovered, he added.
Speaking to the Senate, in response to a question by Independent Senator Amrita Deonarine, Imbert said a 2020 report of the high-level working committee on the inclusion of the self-employed into the national insurance system is being reviewed by the Finance Ministry. He said the committee will make a presentation to him on its findings and recommendations shortly. ....

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Senator warns of cyber-security threats


Senator warns of cyber-security threats
Independent Senator Paul Richards. -
INDEPENDENT Senator Paul Richards commended government for its proposal to remove taxes from mobile devices, laptops, etc from 2021, but urged it to be cautious of a potential increase in cyber-security threats if this is not properly managed. Richards was speaking in the Senate on Tuesday afternoon, when the Finance Bill 2020 was being debated.
Clause six of this bill aims to “amend Schedule (two) of the VAT Act to provide a zero-rate tax allowance to laptop computers, notebook computers, tablet computers, mobile and digital equipment, cell phones, software, accessories and peripherals.” ....

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