You Are Here: Home » Business » Half a Billion Guyana Dollars Recovered In the Drains

Half a Billion Guyana Dollars Recovered In the Drains

<!– /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:””; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:”Times New Roman”; mso-fareast-font-family:”Times New Roman”;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} –>

Right now it is unclear where the over the half a billion dollar windfall from the Environmental Tax goes and whether, as was intended by the Act that brought it into force, the money really goes back into ensuring that the communities in the country are kept in an environmentally, friendly state.

The figure of over 674 million dollars listed as revised funds (for Financial Year 2009) garnered from the Environmental Tax in the National Budget was raised based on a ten dollar levy on every non-returnable metal, plastic, glass or cardboard container on any alcoholic or non-alcoholic beverage imported into Guyana. Every importer is required to pay this tax at the same time that customs duties are paid.

Senior Executives in the local beverage industry have complained that the State collects the tax but does precious little with the money to protect both the environment and the local industries. They have raised concerns about cross border smuggling of beverages that are then sold openly on the market.

Recently one beverage company announced that it was moving toward more use of plastic bottles and that announcement drew some criticism about the Styrofoam/plastic culture in Guyana. Concerns that the Environmental Tax was imposed to deal with. The funds well over several billion dollars since its imposition should be used for the purpose of ensuring a clean environment in all the communities across the country essentially to make sure that the plastic and Styrofoam containers are recycled.

Clearly the Environment Tax money is not used for what it was intended just look into any drain near you.

Leave a Comment

© 2016 Capitol News Guyana

Scroll to top