Prime Minister, Roosevelt Skerrit, has described criticism of the island’s Citizenship by Investment Program (CBI) as ‘economic terrorism’ after he returned to the island from a promotion trip to four countries recently.
Speaking at a press conference last Friday he said he was happy that the trip was successful and blasted ‘opposition parliamentarians’ who he said was criticizing the program on social media.
“Patriotic Dominicans need to understand that this constant attack on the CBI Program is tantamount to economic terrorism on the part of its perpetrators,” he stated.
According to the Prime Minister, other sectors alone will not rebuild Dominica.
“Banana levels will not rebuild Dominica,” he stated. “Tourism earnings alone will not rebuild Dominica in the short or medium term. Payroll and other direct taxes will not rebuild Dominica now or ever.”
Skerrit said more than 90 percent of the island’s capital project this year is being funded directly from and through the CBI Program.
“And this is a program that opposition parliamentarians are on social media deriding and putting up for public ridicule,” he remarked. “When you destroy this goose, what other specimen of bird will they bring forward to underwrite the cost of developing this country? What is the alternative? That we should tax the country to raise $271-million to finance the budget? What is the alternative? How many of us can pay more taxes in Dominica? How many of us are able to pay taxes in Dominica to finance the development of our country?”
He said this is the “million dollar question” that “thinking people of this country must ask.”
“Where would those who are seeking to destroy Dominica’s CBI Program get replacement funds to build roads, contain rivers, replace homes and cater to the social needs of our people?” Skerrit queried.