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By Kiana Wilburg Four months ago, Government established a Tax Reform Committee to investigate the nation’s tax system.Finance Minister, Winston JordanAmong the primary aims of the Committee was to determine whether Government can pursue the phased reduction of the Value Added Tax (VAT) without causing economic dislocations.But head of the Committee,Stitched Jerseys, Dr. Maurice Odle, said that during their investigation of the “broken” tax system startling irregularities surfaced. The most worrying, he said, was the excessive amount of tax exemptions granted under the previous regime to certain persons and companies without justification.He preferred not to name the companies or persons during his interview with Kaieteur News yesterday. However, he noted that the exemptions related to excise taxes and custom taxes among other taxes.Odle, who is also the Chairman for the National Industrial and Commercial Investments Limited (NICIL) said, “It was worrying that this came out during our investigations. We found that in too many cases some companies or persons were given tax exemptions or breaks that cannot be defended.“It was just eye opening, the glaring cases we found in this regard. And it has to be addressed. Recommendations were made by the Committee on this matter.”As for the issue of the Value Added Tax, Odle preferred not to reveal at this point whether the Committee found that it is indeed possible to reduce the tax.Odle said however, “Taxes are not fixed. They are subjected to a reduction or even an increase but I would leave it up to the Finance Minister, Winston Jordan, to reveal when he feels the time is right.”Odle also revealed another finding by the Committee which was documented in its report. He said that it was found that there is greater scope for even better revenue collection especially if one takes into consideration the broadening of the tax base.He also said that one of the things the Committee Report speaks to is equity in the sharing of the tax burden.Tax Reform Committee Chairman, Dr. Maurice OdleHe said that it was recommended or felt by the Committee based on their findings that those vulnerable or poor sections of society should be eased of the high tax burden while those who can afford to pay, be made to do so.Odle said that the report was submitted to the Minister of Finance last week Monday. He said that given the time they had to work with which was basically some four and a half months, they did a “very good job.”He said that they held meetings as often as possible and held discussions with a dozen stakeholders.Apart from Odle, the Tax Review Committee included tax specialists such as Chartered Accountant Christopher Ram, Godfrey Statia and Dr. Thomas Singh.Minister Jordan had said that the Committee had been given its Terms of Reference (TOR) to guide its work which includes investigating and inquiring into the state of taxation,Cheap NHL Jerseys China, to review the taxes with a view to achieving a number of objectives and to look at the administration of taxes with a view to bringing about efficiency, and rationalization.“We are aiming to look after all taxes, their structure,Wholesale China Jerseys Free Shpping, their functions, objectives, equity, incidence and fairness, and essentially how these taxes are administered because that’s a major issue.“I want taxpayers to feel that they can pay taxes because they have a friendly tax service.“We want a system that is fair and firm and one that doesn’t exempt friends of the Government, friends of the tax commissioner. It should be seen by all as fair as it is applied all across the board. It has a rigorous legal system in place that can go after tax dodgers, tax cheats,” the Minister had stated.According to the Minister, the committee was not only tasked with looking at how to reduce the Value Added Tax, but also examining all taxes with a view of relieving the burden on the population.“We are going to do tax administration and taxation in a systemic way, informed by evidence,Wholesale Adidas Hockey Jerseys, and not necessarily being pushed by moral and other considerations, so this committee represents the first step in doing that,” Minister Jordan said.Jordan had explained that while Government promised to reduce VAT it was found that it could not be done so immediately.“It would have been highly irresponsible for us to just come in, take a major tax category like VAT and just proceed to reduce it, in the hope that it would meet some objective or criteria earlier stated,” the Finance Minister had said.Opposition Leader, Bharrat Jagdeo,Cheap Jerseys For Sale, intimated to Kaieteur News during a recent interview that he believes that the government’