Why not make of Tunisia a tax haven, calls Sophien Bennaceur

Speaking to Express FM on Tuesday morning, Sophien bennaceur Nidaa Tounès leader and Founder and Chair of the American-Tunisian Business Council gave an account on the solutions to bring Tunisia out of the current delicate juncture at the political and economic level.

Mr. Bennaceur said that we have the necessary components to achieve success, namely a nascent and well-established democracy, a first democratic President of the Republic in Tunisia’s history who assumes his role as a guarantor of freedoms and rights uniting all the Tunisian people.

The problem lies, according to Bennaceur, in the solutions and their implementations.  “Being pragmatic, I suggest that structural reforms must be undertaken and that citizens must be made aware of the present reality, a difficult and challenging reality at all levels, the fall  of the dinar, the balance between import and export, purchasing power, over-indebtedness of the state, etc. “, Nidaa Tounes Leader said.

What is also needed, he went on saying, is a long-term action plan with a clear and effective communication strategy. As an example, he explains that we talk a lot about young people and the importance of their integration into working life, but practically nothing is done to attract them and involve them in the national dynamics on a daily basis.

He added that it would be necessary to have a social contract touching the various aspects of life, including health, education, employment and purchasing power, since it is these practical aspects that most interest Tunisians and it is the positive response to these expectations that is likely to restore confidence between rulers and citizens.

Sophien Bennaceur proposes a reform of the government by inserting better political party skills insofar as to be consistent with the chosen parliamentary political system.

On the issue of the fall of the Tunisian dinar, he proposes to introduce the convertibility of the Tunisian currency and why not make of Tunisia a tax haven, which does not mean money laundering. There are many examples of reliable tax havens, including Switzerland, the United Arab Emirates and many others.

Mr. Bennaceur concluded that the country is spending a lot of money in trivial projects and that the banks are making record profits while there is an economic recession, but without providing enough money to small-and medium-sized enterprises (SMEs), which are essential engine of development and growth. SMEs need guidance, he emphasized, suggesting a socio-economic initiative by calling on the retirees to guide youth to help them create business plans and lead  companies while having access to funds and marketing the SMEs achievements to reach a modern economy.

TunisianMonitorOnLine (MNHN)


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