Handing control of the territory’s finance portfolio to Ronnie Skelton if the Progressive Virgin Islands Movement (PVIM) is elected as the next government would mean a tax break for low-income individuals and better salaries for select public servants, Skelton has said.
Those are two of four plans the PVIM leader outlined at a political rally in the Second District community of Cane Garden Bay at the weekend.
“I can increase the tax-free amount to $15,000 probably for two years until we study it further,” Skelton said. Currently, persons are guaranteed income tax exemption for the first $10,000 they earn in a financial year.
According to a previous statement from Skelton, the NDP government wasted about $20 million during its term in office. While revisiting the issue on Saturday, the politician said a PVIM government would be able to reduce such wastage within the first term in office.
“If successful, [my administration will] implement a permanent 13-month salary for our protective public servants. This has been done in other countries and we are richer than these countries,” Skelton reasoned.
He continued: “We can begin discussions with insurance companies regarding escalated insurance premiums in order to come to a position where our people can once again afford insurance. We can work on getting government services and banking services back to our family islands. Those are the things we can do quickly without any problems.”
The PVIM leader also rehashed revenue-building initiatives such as medical tourism, which he said would not require any large investment from government.
He argued that the state-owned Peebles Hospital would facilitate such an initiative. The territory’s natural resources are other factors he said will support medical tourism.
Copyright 2020 BVI News, Media Expressions Limited. All Rights Reserved. This material may not be published, broadcast, rewritten or distributed.