Chartered accountant frank Myers cautions that tax reforms and better coordination of tax policy alone will not re-invigorate the economy.
The UWP government recently consulted the CDB and a number of other reputable entities like accounting firm Ernst and young on fiscal and debt sustainability, as well as tax reforms.
His words of advice come as policy analysts debate the efficacy of the recent announcement of the planned reduction in the vat rate from 15% to 12.5%.
Saint Lucia has been dogged by anaemic growth and economic stagnation and the leading accountant warns that a comprehensive economic rescue plan is needed given the bleak fiscal picture.
The metal work that once formed part of the stronghold protecting the Derek Walcott Square …