Still more public discussion on Govguam's looming financial crisis

February 6, 2018 Nestor Licanto

This time it was the tax committee holding a roundtable meeting Tuesday on what to do in the wake of an estimated 48-million dollar plunge in tax revenue this fiscal year following the Trump tax reforms. The group of government and private sector tax and financial experts debated what specific taxes to raise.  Revenue and taxation deputy director Marie Benito summed up what is becoming the most likely fix: a 3-year increase in the business privilege tax from 4-percent to 6, which...

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Still more public discussion on Govguam's looming financial crisis

This time it was the tax committee holding a roundtable meeting Tuesday on what to do in the wake of an est...