Georgetown :There is a call by the Guyana People’s Partnership (GPP) to have the 16% value added tax (VAT) reduced to 10%. The political party made the call since their investigation showed that food prices have increased by 5-8% in the first quarter of 2011. GPP Presidential Candidiate Peter Ramsaroop said this is an addition to the increase in cost of electricity and gasoline.
The Government’s reduction of Gas Tax by 10% is not enough to cushion the impact of the global rise in oil prices due to the unstable politics in North Africa and the Middle East, therefore forcing public transport operators to increase their fares. The GPP calls says all taxes on fuel to be temporarily eliminated. In addition, the GPP appeals to the Government to introduce public – private sector development of Ethanol and adopt legislation of an E-10 policy this year.
The GPP has signaled to TrakkerNews that the party will be contesting the 2011 elections. Peter ramsaroop was once part of the people's national Congress Reform and the Alliance For Change. Both parties are contesting the elections
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