Persad-Bissessar: Set up FATCA JSC on Friday and we'll meet throughout the weekend

Wednesday, September 21, 2016 - 05:15

Opposition Leader Kamla Persad-Bissessar says that if the Government sets up a Joint Select Committee of Parliament to review the Foreign Account Tax Compliance Act (FATCA) at Parliament's sitting on Friday, they are willing to meet throughout the weekend to ensure the bill is passed before the end of the month.

Persad-Bissessar has issued a statement saying it is the Government that is playing politics with the critical piece of legislation.

The following is Persad-Bissessar's statement:

“The Prime Minister is playing games with FATCA legislation.

We have nothing to hide.

Twelve days ago I proposed that a Joint Select Committee be established but, the government has been politicking ever since.

Let's get this done.

We do not think the Minister should have the power to look into the accounts of persons. That power should be exclusively with the Board of Inland Revenue.

Secondly, the Minister should not have the power to add or take away from this law in future without coming back to the Parliament.

These are some of the reasonable amendments we propose.

At the next Parliamentary sitting on Friday let's establish a JSC to review the Bill.

We will meet Friday, Saturday and Sunday if we need to.

The major changes we propose are to clauses 5, 6, 7, 8, 21 and 25.

I clearly told the government in Parliament what issues we have and it is on Hansard for all to see.

Let us meet and find common ground for the people of Trinidad and Tobago.

We call on government to stop posturing and let’s get to work.

I repeat our commitment to pass good FATCA law.”