Setting the ‘Determined Price’ for Logs is Not a Job for MPs: TSI
14/4/08
Transparency Solomon Islands (TSI) is concerned at the involvement of politicians in assessing the export value of logs. In press statement the TSI states that there are well-authenticated stories circulating in Honiara that the government is losing SBD$1m to SBD $2m a week in revenue because the price on which export duty is paid on logs is too low-and that this has been going on for several years, losing hundreds of millions of dollars that should have gone into improving government services. The press statement stated that export duty is paid at a rate fixed by the Minister of Finance.
See: http://solomontimes.com/news.aspx?nwID=1613
Tags: Environment, Solomon Islands, Trade