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|Xiomara Ruiz-Maduro (MEP): Eman Cabinet to introduce 20% property tax increase|
|Tuesday, 10 July 2012 03:10|
Parliament Member for opposition party MEP, Xiomara Ruiz-Maduro said the current government is spending all income that the country is generating and they are lending money in large amounts to cover the government's growing deficit. The national debt has gone up with 1,000,000,000 florin in three years, but the Eman Cabinet wants more money and is going to put the people under pressure with measures such as a 20% increase on property taxes. She said that in the Standard & Poors report of January 5, 2012 it is stated that there is a 20% property tax hike in the making. She quoted the report: "The government plans to introduce further tax measures in 2012, based on continued negotiations with its social dialogue partners, seeking to widen the tax base, reduce deductions and rely more on indirect taxes. Possible measures include a bunkering tax (on ships that transfer cargo within Aruba’s territorial waters), settling outstanding tax arrears, introducing taxes on expatriate workers, and revenues from mandatory registration of all properties (around 40% of real estate is currently not registered)." The tax offices, SIAD, have began charging people and businesses that owe taxes, Ruiz-Maduro said. And now it is the turn to fill the government's coffers with the increase in property taxes.