2022 General Election: Tax for non-resident companies
10 December, 2022, 11:00 am
Fiji will lose out on non-resident company investment and Fijians employed in non-resident firms will lose their jobs if the Opposition parties’ plans to increase corporate tax on non-resident companies is realised.
FijiFirst party leader Voreqe Bainimarama said this at a rally in Nabua on Thursday.
He said his government had decreased the tax to make it affordable for non-resident companies to operate in Fiji.
Mr Bainimarama said political parties that said they would increase the tax would cause chaos in the country.
“The FijiFirst Government decreased the corporate tax for non-resident companies. It has an aim, which is to make it affordable for them to operate in Fiji,” he said.
“I heard that other political parties are planning to increase it, so they can gain from it. We will lose non-resident companies investing in our country, if this is done. Also, Fijians employed by these non-resident companies will lose their jobs.”
Mr Bainimarama said their policies were “clear and stable” and no other political party was “visionary like the FijiFirst”.