Investment
The government's policy of awarding tax concessions to large multinational companies investing in Fiji has not proved universally popular. The Asian Development Bank (ADB) has criticized it, saying that the concessions have been abused and have not generated long-term investment. The 2005 report of the ADB accused foreign entrepreneurs of leaving as soon as their concessions expired, and alleged that administration of the concessions encouraged corruption and bribery.
Fiji Labour Party leader Mahendra Chaudhry joined the ADB on 31 December 2005, saying that foreign companies repatriated much of the profit made in Fiji, rather than investing it locally, while taking advantage of the infrastructure funded by Fijian taxpayers without paying any taxes themselves. This discriminated against local businesses, he claimed.
Read more about this topic: Economy Of Fiji
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