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HONIARA, Solomon Islands (December 25, 2001 – Solomon Islands Broadcasting Corporation)---The new government Cabinet has directed that all tax remissions granted by the previous Finance Minister that have not yet been utilized, be revoked immediately.

It has also directed that the new Finance Minister cease granting duty and tax remissions.

The directives were made at the first Cabinet meeting of the new government of Sir Allan Kemakeza last Friday.

The meeting also authorized the Finance Minister to formulate a new policy for duty and tax remissions.

It also authorized the minister to review and amend the Customs Act, as well as the Goods Tax Act, with the goal of removing the discretionary powers of the Finance Minister to grant duty and tax remissions.

A government statement said the decisions were made because of the Cabinet's concern over the adverse effects of the remissions on government finances and the nation’s economy.

For additional reports from the Solomon Islands Broadcasting Corporation, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Solomon Islands Broadcasting Corporation.

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