By Dwight Sampson
Business executives could soon face jail time if they are found tampering with their books Prime Minister Gaston Browne has announced.
Browne made the statements while wrapping up debate on the Investment Authority Bill in the Parliament on Friday.
He says his government will return to the Parliament before the end of the year to table Tax Administration and Procedure Act.
This new law will make it a criminal offence for persons to tamper with their books, Browne says.
“We will make sure that it will be a criminal offence to violate the tax code…they must know that after we pass this they going to jail, they will serve time.”
Browne says the framework must be strengthened to prevent persons from evading taxes.
“If we do not strength the framework to ensure that individuals serve time for manipulating taxes, for evading taxes then we will always have a problem with government finances,” he said.
The prime minister told colleagues that prevention measures are critical for the state because while the economy is growing, the government still may not be able to meet their obligations.
The announcement of this legislation comes on the heels of recent comments by Browne about hoteliers he believes are manipulating their books.