Dear Editor: Economic development has become the obsession of governments worldwide. Leaders talk endlessly about GDP growth, foreign investment, and infrastructure projects. Yet the people who make up the foundation of the economy, ordinary families, are left struggling to make ends meet. This is not just an executive problem. It is a leadership problem, and […]
Tag: tax reform Palau
Posted inTop Stories
New Tax Bill Seeks to Cut Costs for Small Businesses in Palau”
By: L.N. Reklai A new bill in the Olbiil Era Kelulau would change how some small and medium-sized businesses in Palau are taxed, with the goal of lowering costs and helping them compete with large importers and wholesalers. The measure, Senate Bill 12-62, would let qualifying businesses subtract certain local business expenses before their gross […]