Lofa County District #3 Rep. Clarence Massaquoi has complained the Liberia Revenue Authority (LRA) and the Bureau Veritas (BIVAC) to the House of Representatives for not reporting to the House’s specialized committee set up to review all incentives and concession agreements.
Rep. Massaquoi chairs the Specialized Committee. He complains that the LRA is delaying to give the Committee the cost incentive, total amount of all the tax incentives or tax waivers from all concessions and business institutions which are enjoying tax incentives and tax waivers.
The Specialized Committee was appointed by House Speaker Bhofal Chambers during the 2nd Day Sitting of the 2nd Session of the House following a letter from Rep. Massaquoi to review all concessions and incentives.
Rep. Massaquoi in his communication recently says it is an open knowledge that the current economic status as a country is challenged.
He informs his colleagues at the House that the selfless inputs of all stakeholders to revive the economy and rekindle the hope of the people is needed now.
The lawmaker expresses believe that the concessions and investment incentives that are currently in place should be looked at.
According to Rep. Massaquoi, from the the Committee’s investigation so far, the Liberia Agriculture Company (LAC), Firestone Liberia, APM Terminals, Conex Petroleum, and ArcelorMittal are some of the concessions or business institutions that are in compliance.
Meanwhile the specialized committee has asked the House Plenary for an extension to enable them to look into the investigation. The request was granted by plenary.
By Bridgett Milton –Edited by Winston W. Parley