Gov�t dangles tax cuts to attract SPEDU investors
Wednesday, March 08, 2017
Government targets to facilitate creation of 10,000 jobs in the SPEDU region in the next four years
The incentives, which are categorised into six packages, include fiscal incentives, government off-take, provision of land, input costs, softer SPEDU region labour laws and one stop service centre.
The fiscal incentives include a five percent corporate tax for the first five years and 10% corporate tax thereafter.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...