The Caribbean Policy Research Institute (CAPRI) is proposing that the Government increase the personal income tax threshold by 47 per cent in the next budget cycle to help compensate for losses due to inflation since the last increase. The proposal, if accepted, will see the personal income tax threshold rising from $1.5 million per annum to $2.2 million.
The recommendation formed part of executive director of CAPRI Dr Damien King's presentation of the report "Budget Breakdown 2023: An Analysis of the Government's Proposed Revenue and Expenditure" at The University of West Indies…
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