…But Telemedia says 24.5 % tax will cripple the industry

That was what the Prime Minister said in the House, but for Telemedia, not so since the telephone company is already heavily taxed, in fact the highest in this region and the increase in tax from nineteen percent to twenty-four point five percent in gross revenue, is bound to have crippling effects.

Disputing what the P.M. told the House about lack of payments to settle a debt for properties, well, Telemedia says that is all part of the 2005 Accommodation Agreement which has already been declared as not valid by Barrow. According to the telephone company, it has withheld one point eight million in payments while G.O.B. has reneged on its commitment to pay far more for the period up to March 2007, shorting Telemedia of twelve million dollars.

When contacted, Karen Bevans, Business General Manager of Product Development, referred to an article released earlier today on the B.B.C. website in which the UK Prime Minister Gordon Brown is calling on world leaders to cut taxes in an effort to revive the global economy. And according to Telemedia, Barrow is moving contrary to the rest of the world as if Belize is operating in a world of its own.