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Saturday, July 29, 2006

Chamber proposes virtual zones

The Fiji Chamber of Commerce has proposed that separate tax packages be implemented for the country's resource based and information technology sectors.

The Chamber has called on Government to move away from the traditional concept of tax incentives designed to cater for industries along the lines of physical localities.

The Chamber believes that the introduction of virtual tax free zones for the agricultural sector would lead to greater participation and economic growth. It said that since Fiji was agriculture-driven, the possibility of greater economic growth lay in the nation's ability to develop its resource-based sector. Such an incentive is expected to improve the indigenous community's role in the nation's economic activity.

Virtual tax free zones would ensure that everyone in that particular sector enjoyed the benefits of such packages, irrespective of the location of business.

Note from GV : Business owners can use our company, Gilbert & Samuels Company Limited, to prepare business plans and to facilitate business loans for them. We can also facilitate all necessary licences, permits and approvals required for setting up. Our principal is also an Investment Adviser licensed by the Capital Markets Development Authority (of Fiji) and can provide investment advice to individuals or groups. Our contacts are : telephone +679 3396427 or e-mail gilbert@connect.com.fj.

1 Comments:

At 8:43 AM, Anonymous Anonymous said...

This is a most excellent idea and welcome by those of us in industries that would be affected.
However, it's a long way from someone thinking of the idea to it actually taking shape.

 

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