Papua New Guineans to lose K317m to ‘super levy’
News that matter in Papua New Guinea Papua New Guineans to lose K317m to ‘super levy’ PORT MORESBY: Hundreds of thousands of super fund members are likely to lose K317 million a year if the Government’s proposed super levy on Bank South Pacificv Financial Group Ltd (BSP) is implemented. Both Nambawan Super Ltd (NSL) and Nasfund have warned that the members are the ones who will suffer and pay with dwindling dividends. The super levy, to hit dominant industry players like BSP and Digicel, is set to retard Papua New Guinea (PNG)’s economy. Read on to find out more and how the rippling effects are set to crush the economy as published by The National : Workers to lose K317mil November 30, 2021 The National Main Stories By DALE LUMA HUNDREDS of thousands of super fund members are likely to lose K317 million a year if the Government’s proposed super levy on Bank South Pacific Financial Group Ltd (BSP) is implemented. Both Nambawan Super Ltd (NSL) and Nasfund have warned t...