27 Jun 2006

Fiji Finance Minister rules out flat tax regime

7:16 am on 27 June 2006

Fiji's finance minister has ruled out a flat tax regime for the country.

Under such a taxation system all individuals and companies pay only one low rate of tax regardless of income or profits.

Ratu Jone Kubuabola told a gathering of the Fiji Institute of Accountants that a flat tax regime without the appropriate investment incentives, is not the right model for the country.

Ratu Jone said Fiji's taxation system needed to be refined.