Shaw Calm on Potential Impact of SCT on Taxi Fares

Finance Minister, Audley Shaw, says he doesn’t expect an increase in taxi fares as the price of oil on the world market is not set to escalate.

Last week, several taxi associations said they would be making an application for a fare increase.

This, to cushion the impact of the increase in the Special Consumption Tax, SCT, on fuel.

It will take effect on Wednesday.

The proposed SCT on fuel is expected to yield over $7-billion.

According to Minister Shaw, the move is in keeping with the shift towards indirect taxation. He says it cannot be escaped.

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In 2018, Tauna won the UNICEF Media Award for Excellence in Reporting on Children’s Rights. She graduated from CARIMAC in 2015 and joined NNN in 2016. Since then, she’s covered several high-profile court cases including the X6 murder trial, the police death squad trial and is currently covering the Uchence Wilson Gang trial. Thomas is the Producer of Talking History heard on Nationwide Radio every Saturday.