#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: Fiji Water pulls the plug over 'discriminatory' water tax

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Monday, November 29, 2010

Fiji Water pulls the plug over 'discriminatory' water tax

Fiji Water has made good on its promise last week to quit Fiji because it's fed up with the illegal regime.

The president of the Fiji Water, John Cochran, has released a statement saying the 15 per cent Water Resource Tax imposed by regime for 2011 is untenable and they are left with no choice but to close down the Fiji facility.

Fiji Broadcasting Corporation is reporting he labeled the tax as ‘discriminatory’ as Fiji Water - which currently pays one-third of a cent per liter - is the only bottled water producer in Fiji that will be affected by the new tax.

In addition – Fiji Water will be putting on hold several large construction contracts in Fiji worth millions. Cochran says Fiji Water will also be forced to cancel all contracted engineering and support services.

He also informed that all ongoing purchases from local suppliers will have to be canceled.

Fiji Water says they represent more than F$130 million in export revenue for the country and employ nearly 400 Fijians at their facility. 

Cochran adds that Government's current action on the tax sends an unmistakable message to businesses operating in Fiji that the country is increasingly unstable, and is becoming a very risky place in which to invest.

However he says they are willing to work through the issue with the Fiji government. 

The illegal Attorney General, Aiyaz Sayed-Khaiyum, says Commodore Voreqe Bainimarama will issue a statement later today.


Anonymous said...

Thats exactly the right kind of response to an ill thought, money grabbing policy made by the idiots in the military regime. That's what happens when you bankrupt the country and try and steal from private enterprises through unfair taxes. What a nice message this sends to potential investors in Fiji....come and invest so we can tax the hell out of your profits. Good on John Cochran for making a stand although rather belatedly....I guess you only take action when they come for you!

Anonymous said...

How much do you want to bet Blockhead Bainimara will respond with the threat to 'takeover' Fiji Water. Now that will really send a message to other investors in Fiji!

mark manning said...

Frank Bainimarama earlier today said !

Anonymous said...

Finance it for people of Ra to own the resource, the business and all the money

Anonymous said...

Can he still talk. After a stroke there is loss of speech ussually. When was the last time he even said something. Are they going to use a ventriloquist. hehehe......

Anonymous said...

Kena maleka! Why did Fiji Water wait for so long!? Interesting to note also that Khaiyum only drinks the other water Island Chill.... Maybe he wants Island Chill to take over Fiji Water!!!! Trying to con the con! Cici levuzQ!

Anonymous said...

What a sad day for this country when Govrnment tries to threaten Foreign Investors with these sort of tactics.

Now foreign investors will keep on running to Fiji for investment-NOT!

Shows how desperate this country is for money to pay the bills.

Anonymous said...

This low life AG cockroach is very destructive to the economic life of the country. Having bullied the nation with all sorts of impositions of BS laws and decrees he is testing his new found seemingly unfettered powers on other entities like Fiji Water who he thought would quietly toe the line. Unfortunately these guys are not the same subservient type as Fiji's citizens. They don't take bullies lightly and do not negotiate with terrorists. So what will the ig do about the goose that laid golden eggs. Kill it and have nothing or keep it alive and get something out of it. This is going to be bigger than the Fiji Times saga and may well be the hole that sinks this illegal ig ship.

Anonymous said...

Well, they are going to do this to all overseas investors they cannot control.Its another way of getting rid of them by raising taxes to unaccepatable levels. The vacuum that is left behind will be filled by, well you know muslim investors, and those in the network of the iarse and Ali's etc. The muslim's are out on a rampage in Fiji and they have been after Yaqara water for sometime.

prasash said...

Honourable Bainimarama should have kicked who ever this David roth was a bid earlier, and many there are many other he should be kicking them out.