'FATCA' drags on; Opposition demands more time, Government accedes

Tuesday, February 14, 2017 - 06:15

The country must wait another week to know the fate of the Foreign Account Tax Compliance Act (FATCA) legislation as the Government acceded to the Opposition's request for more time for the Joint Select Committee (JSC) to deliberate.

The Opposition told the Parliament that report of the JSC could only be considered as an interim report as it claimed there were many whose opinions were not yet considered.

Opposition MPs Dr Roodal Moonilal and Dr Tim Gopeesingh said the JSC's work was rushed by members of the Government who were on the committee.


Opposition members did not sign the JSC report.

The debate finished just before 11 pm after manoeuvres by both sides, a suspension of the sitting by the Speaker and heated arguments by parliamentarians.

Prime Minister Dr Keith Rowley insisted that next week Thursday's sitting would be the last sitting on this matter and that the Parliament will vote on the bill.

The JSC will meet again on Friday this week or next week Monday.

Below is a combination of some of the occurrences in the House late last night.

FOR MORE TOP STORIES: http://www.cnc3.co.tt