26 May 2008

Calls for Niue to be made tax free state

10:43 am on 26 May 2008

A Business Round table group on Niue says the answer to the island's fiscal cash problems and diminishing population could be resolved by forming a tax free state.

According to spokesperson Mark Cross it would immediately generate a positive economy and attract more people to the island.

He said Niue's population has dropped to 1,100 residents and is constantly in a state of financial decay.

Niue is currently undergoing discussions on tax reforms and it's a golden opportunity to develop the economy.

Mr Cross said with a general election looming on the island he hopes candidates will give serious consideration to the formation of a tax free state as well as much needed land tenure and immigration reform.