Marigot/Paris: ----- The recently amended organic law in the National Assembly on Tuesday confirmed Senator Louis Constant Fleming. Fleming in a press release said he was happy that the law was examined and adopted.Fleming said according to his expectations, the vote intervened without any amendment of the text already adopted by the Senate on November 16, 2009; completing successfully the joint effort conducted with the members of Parliament and Government.
As a result, the Collectivité of Saint-Martin will now be able to exercise its fiscal competence on all revenues created on its territory: "La competence de Source". Fleming said.
It is a major and most welcome step forward for the Collectivité who will be able to reinforce its financial resources by the year 2011, thanks to the priority measure declared by the Government.
Indeed, the COM will now be able to tax all salaries, rents, dividends, and benefits rewarded in Saint Martin although the beneficiaries are fiscally non-residents of Saint Martin.
The next step is to make sure these taxes are collected for the benefit of local equipments, public services and our population.
In conclusion, beyond the global financial crisis and the economic stagnation, the year ends on a positive note for the Collectivité d'Outre Mer Fleming concluded.
