Jumhooree Party leader, Maamigili constituency MP Gasim Ibrahim has said that taking taxes without any research may lead to the crippling of the economy of the nation.
Gasim Ibrahim made this remark in view of the efforts of the government to increase more taxes and to increase the tax rates. He said that this might lead to many economic difficulties if this is done without any research.
Gasim Ibrahim said that the taxes taken from tourists should also be taken considering any damages that it can do to the tourism industry. He said that assessments should be done to any damages that might result from it.
He said that there are many investors in Maldives who have made large investments and with the introduction of these new taxes given the fact that taxes are exempted in special economic zones, the difficulties these investors will face should be considered and researched.
Gasim said that this research should be done if it is not already conducted. He said that he is proposing this to save the country from any imminent economic dangers that these taxes might cause.
The Finance Minister Abdulla Jihad said that no such research have been conducted regarding the green tax to be taken from tourists. However, he said that the government have discussions with many people regarding the tax.
Taking taxes without any research may cripple the economy- Gasim
