Taxation in Solomon Islands

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High taxation rates in Solomon Islands have been described as a disincentive to business growth. The Solomon Star reports business operators saying the tax levels have made the Solomons uncompetitive for investors over the past 20 years.

Weak economic growth has led to a ten percent fall in income for the Solomon Islands government.

RAMSI has congratulated the Ministry of Finance and Treasury (MOFT) on collecting more than one billion dollars in revenue in 2010, the first time in the history of the nation.

One of the region’s biggest banks says the Solomon Islands economy has bounced back strongly from the global economic crisis.

Former Speaker of Parliament and a long-time politician, Sir Peter Kenilorea says anti-corruption agencies need to have the necessary power to take matters to the courts.

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