City Hall’s secret tax write-off to PNC must be investigated – AG

Attorney General (AG) and Legal Affairs Minister Anil Nandlall has said that the multimillion-dollar tax write-off secretly approved by the Georgetown Mayor and City Council (M&CC) for the business arm of the Peoples National Congress (PNC) amounts to a financial crime, and must be investigated.

A few years ago, it was reported that the PNC’s headquarters, Congress Place, located in Sophia, Georgetown, owed some $6 billion in rates and taxes to the M&CC.

On Tuesday, sources informed sections of the media that the City Council had approved a major tax write-off for Maikwak Limited, the business and property-holding arm of the PNC. The company now only owes some $20 to $25 million in rates and taxes.