Saturday, April 17, 2010

A Quick Look At MMM's 7 Priorities

Fight poverty. Good idea. But how are they going to do this? Let's wait for their program.

Bring back the tripartite system. That's the same system whose negotiations Berenger refused to attend as Minister of Finance between 2000 and 2003.

Repeal the National Residential Property Tax (NRPT). Rs118 millions were collected in 2008 on a budget of about Rs60 billions.

Abolish the tax on interest income. Government took in about Rs130 million in 2008 on that item. Very unpopular and unfair tax.

Cancel the 15% tax on cooperatives. Don't think that's a large amount.

Restore the tax exemption on the first 60 tons of sugar. Wonder how many people are affected by this.

Reintroduce subsidies on the HSC/SC exams. That's should cost government an extra Rs50-80 million.

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