Topic: VAT

4 years ago

PLP Will Need Political Courage to Survive VAT

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PLP Will Need Political Courage to Survive VAT

The ball of responsibility is about to go down the hill for the PLP administration, with three months remaining before the July 1 VAT deadline. It will be the organization’s first official “baptism of fire” in its 60 year history.

4 years ago

Tourism and Taxes: Addressing the Myths

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Tourism and Taxes: Addressing the Myths

While most Bahamians appreciate the essential role that tourism plays in our economy, lives and livelihoods; there is a need to further clarify the tax and revenue contributions to our economy. The goal is to dispel any myths about this industry. We all stand to pay a hefty price if rhetoric drives public taxation policies.

4 years ago

Poor Defense By Prime Minister

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Poor Defense By Prime Minister

The Prime Minister was wrong, pure and simple, with his boorishness and absolutely fakery in seeking to defend the indefensible position of Ishmael “good Christian” Lightbourne over the non-payment of his legitimate real property taxes.

4 years ago

Business Consultant Urges Financial Culture Change

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Business Consultant Urges Financial Culture Change

Freelance Business Consultant, Bridgette Mackey, recently stated that there needs to be a change in the financial culture throughout The Bahamas and the offloading of some personal expenses as the government readies to implement Value Added Tax (VAT).

4 years ago

VAT Plans Change Again

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VAT Plans Change Again

Bowing to public pressure, the government has abandoned plans to introduce value-added tax (VAT) at 15 percent, and is looking at a lower rate and may also push back the implementation date, beyond July 1st.

4 years ago

VAT Will ‘Make a Mockery of the Law’

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VAT Will ‘Make a Mockery of the Law’

A culture of low tax compliance makes it “irresponsible” to consider implementing a value-added tax (VAT) system which will only fail to be adhered to, and “make a mockery” of the rule of law, a businessman has argued.

4 years ago

Robin Hood in Reverse

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Robin Hood in Reverse

Web shops have been declared illegal by the courts. In response to a referendum-like poll, the people rejected legalizing web shops. And yet, operations continue unabated.

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