Express Business Filler #1

FINANCE Minister Colm Imbert said the Board of Inland Revenue targeted the “big taxpayers” in the recent tax amnesty, which netted $2.38 billion for the Government’s coffers, over than four times more than was predicted.

“They spoke to them and they stepped up,” he said. He said he was “amazed’ at the amount of money the tax amnesty collected. Addressing the Spotlight on Budget 2020, Imbert gave a breakdown of the $2.38 billion, disclosing that the lion’s share - $750 million- came from the oil companies, representing 31 per cent of the money collected in the tax amnesty.

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