New Tax Legislation will bring millions to Nevis

2010-12-04 14:33:06 by

Attorney General and Minister of Justice and Legal Affairs in the Federal Government Hon. Patrice Nisbett, described the passage of landmark legislation which would allow the Nevis Island Administration (NIA) to collect corporate taxes between $4-10 million annually from businesses operating on Nevis, as a red letter day for the people of St. Kitts and Nevis and a green latter day for the people of Nevis.

The Attorney General, who is from Nevis, said there was much in store for the island through the renewed co-operation enjoyed with the Federal Government.

The Attorney General pointed to the co-operation between the Federal Government and the NIA which brought the Four Seasons to Nevis in 1986 and their subsequent actions which saved that establishment from closure in 2010. ?The re-opening on December 15 is a literal dream come true. I want the good people of St. Kitts and Nevis to know that the Federal Government has played and is playing its full part in the rebounding of the Four Seasons,? he said.

(resource: CaribbeanPressReleases.com)