The Government, while not only maintaining price controls, has gone from removing business license taxes in its White Paper on VAT, to taxing businesses out of existence.
Author Archives: Rick Lowe
A number of MP’s have confessed that they have not paid their property taxes. We’ve been told it would be a shock if who owes taxes and in what gargantuan amounts was revealed.
What really is sad is that a PLP faithful had to be embarrassed for the government to take notice and admit there is a huge problem with collection of property taxes as mandated by law.
How different things might be now, if only the government had implemented suggestions from the report by Marlon Johnson and the former Civic Group known as Safe Bahamas, entitled Citizens Safety Diagnosis, Bahamas Report, from 2004.
Continued growth in the size and spending of government over the past 10 – 12 years is the root cause of the country’s fiscal problems. VAT will not cure that.
Rick Lowe shows how the PR programme by the government of Grenada, where VAT has been a miserable failure, sounds eerily familiar to the tune the PLP is singing.
I’m not sure why so many government officials seem short of patience about the recent independent research released by the Nassau Institute on the potential impact of VAT for The Bahamas.
Government borrows $60 million from NIB for 125 houses. That’s $480,000 for each house!
It amazes me how we can carry out a “raid” like this in an instant, but can’t process the requisite paperwork in a timely fashion.