Follow the dollar multiplier and it’s clear that ‘Tourism is everybody’s business’. More than 50 cents out of each dollar in every Bahamian’s pocket came from a tourist.
Tiffani Lightbourne and Jennifer Pedican-Dames of New Oriental Cleaners will both be wearing these brightly coloured T-shirts on Wednesday March 12th to drum up support for the The Coalition for Responsible Taxation.
The Bahamas’ tax system is antiquated and can no longer support a growing and constantly developing country, Livingston Ferguson, Senior Customs/Revenue Officer, Ministry of Finance told teachers at The Government High School during a session of their professional development workshop January 19.
The country’s decision to implement VAT was not as a result of the International Monetary Fund (IMF) holding a gun to the head of The Bahamas government, Ministry of Finance Consultant Ishmael Lightbourne told dozens of people gathered at the Ministry of Finance’s VAT information forum at Evangelistic Temple recently.
A presentation made at the Bahamas Business Outlook focused on Bahamas tourism, economic development and a way to connect them in a manner that can be sustained and benefit a greater number of Bahamians.
Wall Street credit rating agency has confirmed The Bahamas could see its rating lowered to “junk” bond territory this year if “important reforms” are not undertaken
As national anxieties are being expressed about Value Added Tax (VAT) and our country faces uncertain times, I’ve decided to take a cursory glance at this hot button topic with a view to expanding the discussion from various angles.
If the PLP Government cannot explain VAT to us, it shows that even they don’t fully understand what they are trying to force on the Bahamian people.
We, the Bahamian people must realise that we cannot continue to borrow more than we are collecting in taxes.