The Finance Minister says companies that pay the new General Consumption Tax on group health insurance on behalf of their workers will be able to deduct it from their income tax filings.
The parliamentary opposition and other groups have raised concern about the Government’s plan to apply general consumption tax to group health insurance.
Opposition spokesman on finance, Dr Peter Phillips, has said it could lead to industrial unrest as most companies are not prepared to pay the additional sums on behalf of their workers.
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