NDP Manifesto 2025 - Flipbook - Page 43
Advance reforms to improve the efficiency
and equity of the tax system, enhancing
necessary revenue streams without unfairly
burdening vulnerable populations or stifling
entrepreneurial growth.
Review the tax structure with a view to
lowering corporate taxes to ease the burden
on medium-sized and large businesses,
to encourage greater employment and to
stimulate economic growth.
Fostering investment and productivity by
addressing the structural bottlenecks that
hinder investment and productivity to foster
comprehensive economic diversification
across the four pillars of the economy
(Tourism, Agriculture, the Blue Economy, and
the New Economy).
Introduce a voluntary tax residency
programme to encourage expats having
a second home in St. Vincent and the
Grenadines to opt to pay their taxes here.
Ensure tax incentives offered to foreign
businesess will not undercut domestic
businesses.
Establish clear contingency planning
mechanisms across all government
ministries to ensure quick, effective, and
transparent fiscal and logistical responses
when any shock materialises, replacing the
current ad-hoc, reactive approach.
TOGETHER WE WIN!
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