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ATIA has some EMPLOYERS’ organization ATIA The introduction of a financial
is worried about the planned transaction tax causes all banking
SERIOUS transaction tax. Commerce is already transactions to be taxed because
CONCERNS under a lot of pressure; new taxes of this measure. The tax involves
will not help our fragile economy cash withdrawals from an ATM and
about the introduction of the transaction tax but rather harm it, according to ATIA credit card payments. The proceeds
Board Chairman Michel Henriquez. of the new tax measure should be
Introducing a transaction tax without used for investment projects such
having to implement tax reforms is as the Green Corridor and will fund
disastrous for our country according the renovation and expansion of
to the Minister. the HOH Hospital. According to the
Its Introduction could lead to government the funds will replace
stagnation of economic growth, funds originating from development
including a decline in consumer fund Fondo Desaroyo Aruba (FDA).
spending; also the employment However, when and if the tax will be
growth could be inhibited by this tax implemented is still uncertain. Also,
measure. “The possible introduction the percentage charged and thus the
of a transaction tax must therefore expected proceeds are unknown.
go hand in hand with major changes, Minister of Economy Mike de Meza
preferably a significant simplification did assure however that it is a very
of the Aruban tax system” says small amount.
Henriquez.
Henriquez spoke earlier on
“The recent introduction of a 1 the concerns of the employers’
percent additional BAZV (Health organization with Minister de Meza.
Tax) rate makes Aruba slightly The minister assured him during this
more expensive and that makes it conversation that the transaction
more annoying for consumers and tax is still being assessed and that
businesses.” According to Henriquez. there are no concrete plans. The
The introduction of a financial tax reform that Minister of Finance
transaction tax on top of that without Angel Bermudez has in mind is also
a balance or any tax cuts, could be included in this evaluation. ATIA
catastrophic for Aruba, according to will be presented a presentation with
the CEO. more details on this topic this week.
We cordially invite you to the
Art Rules Aruba KICK OFF!
THIS will take place at the Academy of Fine Arts & Design 5LOCAL
located at Ooststraat 2 Today at 10:30AM.
Art Rules is Aruba’s #1 Educational Arts Program offering
a platform for Arts Education to young ones ages 13 to 23.
Presented as an intensive Summer workshop program,
aspiring young Aruban Artist get the opportunity to work
with International Artist Educators from all over the world.
Coming to Aruba for 2 weeks the Teachers teach different
Art Disciplines including, DJ, Music & Performance, Theater,
Dance, Creative Media, Creative Writing and Culinary Arts.
Presented by the Pancake Gallery Foundation Art Rules
celebrates its 6th year with a Pancake Brunch from 10AM to
12PM for all participating students, partners, sponsors, friends
and the Press.
The program will also hold a press conference from 10:30 AM
to 11:00 AM
WE HOPE TO SEE YOU THERE.
ARUBA TRAVELLER - Monday, July 20 2015
