Care-taker Treasurer and Deputy Prime Minister Charles Abel says the Government will make attempts to improve the current tax system used in the country.
Mr Abel said a better solution is to use a new taxation method primarily focused on encouraging downstream processing.
The caretaker Treasurer said the current system has loopholes and allows business to easily avoid paying tax.
While acknowledging the current hefty tax cuts across the country, Minister Abel said there are options the Government can make to improve where it has failed. Minister Abel said, eyeing a better workable system will not only improve PNG’s tax collection revenue but lightening the big tax cuts slapped on citizens.
The caretaker Treasurer said adopting a new tax platform will only help. Abel is hoping for a change in the country’s tax system.
Apart from the tax concerns raised, the Deputy Prime Minister said the public service must be focused to deliver services as the hype of the National Election is over.
Abel was appointed as Deputy Prime Minister a day after Government was formed.