WILLEMSTAD – The MAN-PIN parliamentary faction has criticized the government for lacking a concrete plan to steer Curaçao through the current financial and economic challenges. In a letter addressed to Finance Minister Javier Silvania, faction leader Giselle Mc William highlighted concerns about the global economy preparing for further inflation amid ongoing trade wars.
To address these issues, MAN-PIN has proposed several specific measures. Among them are the abolition of the turnover tax (OB) and the introduction of an income-based ABB tax, a reduction in wage and income taxes, and raising the tax-free allowance to 38,000 guilders.
Additionally, the party suggests implementing a tax deduction for home maintenance costs up to 5,000 guilders and lowering the rate of the property tax (OZB).
Mc William urged Minister Silvania to clarify his plans for mitigating the effects of rising inflation and increased expenses resulting from the current trade conflict. She also requested information on when the government will introduce the promised 2,000-guilder tax credit for all residents and the exact date for the turnover tax reduction, as pledged during the election campaign.
The call from MAN-PIN underscores the urgency for transparent and actionable policies to protect Curaçao’s economy and its citizens from escalating financial pressures.