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Chairman being penny wise and pound foolish

Friday, March 18, 2011

The chairman of the Board of Inland Revenue says, “In this new system if you owe five cents then (sic) we know.” This is reminiscent of the old adage, “penny wise and pound foolish.” While the board is focusing on the five cents the millions, and billions, are getting away.

How many five cents does the chairman think equates to $4.7 billion? If she thinks that it is the people who owe five cents, or even $5,000, who are responsible for the billions in outstanding taxes she is fooling no one but herself. Not to mention the interest and penalties which, according to her, amounts to $8.3 billion. 

You can he sure that such amounts did not accrue since last year. It would be interesting to find out for what years these vast amounts of taxes are owed. It would be just as interesting to find out the success ratio of the last two tax amnesties.

The chairman sounds just like the Police Commissioner, promising to deal with serious crime and focusing on citizens not wearing seat belts and the like, while criminals get away with murder, robbery, rape and aggravated assault, among other things. 

Meanwhile, our amazing chairman of Inland Revenue, who boasts of the efficiency of her department, plans to collect $4.7 billion in taxes five cents at a time. The country has had its fill of these big talkers who promise much and deliver little.

Karan Mahabirsingh

Chase Village



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