Dominicans have been told that if the much talked about Economic Citizenship Program (ECP) were to be removed, they would have to bear the burden of higher taxes.
Prime Minister Roosevelt Skerrit, who addressed the ECP matter on the Next Level radio program recently, said Dominica is not the only island benefitting from programs like these, but countries like the United Kingdom, United States of America and other Caribbean islands such as Grenada and Antigua have similar programs in place.
“So there are economic benefits to the program and there is a growing number of countries which are moving towards that because the point is people have to try to diversify their economy, diversify the sources of their financing,” the Prime Minister said.
He questioned where some of the finances for important intervention would come from if the program were to be removed.
“Where do you get the money from? Through taxation,” he stated. “How many of us would like me to go to the budget debate address and indicate to the country that I’m increasing taxation on the country?”
Skerrit noted that if the country’s opportunities are not defended, it will lose the benefits of the ECP and there will be no choice but to impose more taxes on the people.
“And we would be worse off without the program than we will be with it because it is an important source of funding. A legitimate program,” he said.
Skerrit also rubbished claims that funds are being withdrawn from the ECP accounts.
Recently there have been allegations that money from the program was placed in the account of a high-ranking official.