Senior Reporter/Producer
akash.samaroo@cnc3.co.tt
Moments after 32 members of her government were sworn in at President’s House—and with most of her Cabinet seated behind her—Prime Minister Kamla Persad-Bissessar announced that her first priority would be to dismantle the Trinidad and Tobago Revenue Authority (TTRA).
After declaring that it is time for “boots on the ground” and for her government to “get to work”, Persad-Bissessar then announced, “We have to reform a lot of pieces of legislation, and the areas of priority will be one, to repeal the Trinidad and Tobago Revenue Authority Act,” she said to cheers from the crowd.
The legislative framework governing the TTRA was passed by an act of Parliament in December 2021. The TTRA was the former PNM administration’s attempt to restructure the State’s tax collection regime and was intended to replace the Inland Revenue Division (IRD) and Customs and Excise Division (CED). And it was touted as a major asset in generating funds for the State.
In addressing the Parliament on February 24, 2023, then finance minister Colm Imbert said, “With an estimated domestic tax gap of up to $10 billion, the Government, through the TTRA, is actively seeking to address this fiscal vulnerability and close the tax gap by improving the efficiency and efficacy of the country’s revenue collection.”
The United National Congress (UNC) has previously said it was against the TTRA, underscoring that it will lead to severe job losses and put too much control into the hands of the Minister of Finance.
The Public Services Association (PSA), now a major ally of the government, challenged the TTRA’s implementation all the way to the Privy Council. However, that matter was dismissed in September 2024.
But Persad-Bissessar told members of the media yesterday that a major mission of this new Government would be to find new revenue streams.
Asked how that would be done without the TTRA, new Finance Minister Davendranath Tancoo said, “There are other streams of revenue available, but before I comment on what we are going to do, I want to take an assessment of what is there, and based on what is there, we will plan our way forward.”
Pressed on why the Government is rejecting the TTRA outrightly, Tancoo said, “Let the Attorney General deal with that.”
TTRA chairman: Too early to comment on PM’s statement
Contacted last night, chairman of TTRA Nigel Edwards told the Sunday Guardian that it was premature to say anything.
“Clearly the PM has spoken, and we will need to articulate her position a little bit further. I really don’t want to preempt where the PM is going. I would really like to give the Minister of Finance and PM the opportunity to have their say before I make any other statements.” Edwards could not say how much taxpayers’ money has been pumped into the TTRA so far.
Asked if the announcement came as a surprise to him, Edwards said, “I think what the PM has said is not inconsistent with what was said in the early part of the campaign.”
Tancoo to find out state of Treasury
Persad-Bissessar said Minister of Finance Davendranath Tancoo has also been mandated to find out what is the state of the treasury, “before we can run off to make sure we don’t just talk the talk”, she said.
“I can only know that by Monday. My Minister of Finance and Minister of Planning will put their heads together and let us see what we can do.”
Guardian Media reached out to former finance minister Colm Imbert yesterday, but he did not respond. Opposition Leader Pennelope Beckles-Robinson did not respond to messages.
AG: Stand-your-ground legislation coming this year
Meanwhile, Persad-Bissessar said the AG has been instructed to work with the Cabinet to implement stand-your-ground legislation.
This was a major manifesto promise by the UNC, which it believes will better protect citizens by giving them the right to defend their lives and property against criminals.
In the United States, such a law allows people to use deadly force to defend against violent crimes.
Continuing her Government’s attempt to combat crime, Persad-Bissessar further announced “home invasion laws” will be coming and “the regulations that we would need to grant firearms to law-abiding citizens”.
AG Jeremie told reporters that the legislation should be brought to the Parliament this year.
Moonilal heading to Grenada to explore oil and gas potential
Turning her attention to the energy sector, Persad-Bissessar said, “My Minister of Energy (Dr Roodal Moonilal) has been mandated from day one; let us explore the offer being made by Guyana to bring gas to Trinidad and Tobago. Let us explore as well ... Suriname is also energy-producing. Again, we can partner with them.”
The Prime Minister then announced what she called a “surprise”.
“I intend to send my Minister of Energy to Grenada because I am being told that Grenada offshore has more gas and oil than the Dragon field,"
She asked those in attendance, "So shall we explore that?”
Speaking with the media after, the Prime Minister confirmed that there are no future prospects of reviving the Dragon gas deal, which she said was officially dead.
In April former prime minister Stuart Young confirmed that the US had revoked this country’s licence to develop that gas field with Venezuela.
“We will be foolish to not look elsewhere,” Persad-Bissessar said, “and we should have started that search long ago; we should not have put everything into the dragon gas.
"That is dead. They kept it alive for 10 years, and if you couldn’t do that in 10 years, you cannot do it now.”
The Prime Minister said there could also possibly be oil and gas in Tobago’s territorial waters.
Persad-Bissessar recently had a conversation with US Secretary of State Marco Rubio, and while they spoke about the energy sector, she said there were no discussions about dragon gas.
Guardian Media then spoke with new Energy Minister Dr Roodall, who said on Monday when he gets to work, he will put things in place for his trip to Grenada.
He could not say how much gas is in Grenada’s waters.
“We will have to ascertain the facts now from other international sources and independent sources.”
However, Minister Moonilal said all matters relating to the Dragon gas field will be made public.
“As you know, all matters pertaining to the Dragon deal are secret, and on Monday morning we will unravel all secrets.”
Former energy minister Young did not respond to messages yesterday.