June 4, 2021

Jerry Jailall

By not paying taxes the Oil Companies are getting a free ride

News EditorJune 4, 2021June 5, 202101 mins

Distinguished Retired Economics and Business Professor Dr. Ganga Ramdas’ of the Oil and Gas Governance Network (OGGN), asserts that Guyana is losing an approximate US$62 million annually due to Exxon not paying taxes, as other companies do. Many newspapers and commentators such as Guyana icon Christopher Ram have lamented this sad state of affairs of…

Mike Persaud

Scale of investment is not a reason for tax waivers

News EditorJune 4, 2021June 5, 202101 mins

I refer to Mr. Reggie Bhagwandin’s letter, “Oil deal was designed to cater for the nature of the industry” and wish to comment as follows: An argument for tax waivers for Foreign Companies – Profits are not guaranteed. Business is very competitive. Therefore, it makes good sense for host governments to grant tax waivers for…

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By not paying taxes the Oil Companies are getting a free ride

Scale of investment is not a reason for tax waivers