In this advice the Social Economic Council (hereafter SER) advises government not to raise Turn over Tax and to continue or even accelerate the implementation of the automated system for customs data ASYCUDA.
In reply to your request for advice which was received by the Social Economic Council (SER) on Thursday, May 29th 2014, concerning the proposed amendments to the Civil Code in respect of the National Ordinance on Labor Contracts (in Dutch:” Ontwerp Landsverordening Arbeidsovereenkomst”) the SER informs you as follows
The SER based this unsolicited advice on the risks caused by the divergence of the Sint Maarten and the Curaçao economies, and the real possibility of a subsequent devaluation of the Netherlands Antilles guilder.
This advice is a solicited advice at the request of the government of Sint Maarten. The request originates with the Minister of Public Health, Social Development and Labor Mr. V.H.C. de Weever and reached the SER through the cabinet of the Prime Minister Mrs. S.Wescot -Williams
The Social Economic Council of Sint Maarten studied the consequences of stepping out of the monetary union: opting for our own new legal tender and the benefits and costs of dollarizing the economy of Sint Maarten.