Dionisio D’Aguilar warns that “whatever positive effects we get from Baha Mar are going to be somewhat outweighed by the negative effects of VAT.”
The rollout of the new Value Added Tax regime is seemingly setting up to become an unholy mess!
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.
Bahamians resent having to be taxed to support the status quo. Unless government sets an example, Bahamians will grumble. This is the frequent complaint that we hear within the ranks of the unions.
My name is Tamara van Breugel and I am a citizen of The Commonwealth of The Bahamas. I am a young working mother, my family owns a small business in the city, and I strongly believe there are responsible alternatives to VAT.
Senior accountant Ronald Atkinson says the Government should implement a 4 per cent sales tax and target a 3 per cent spending reduction as an alternative to Value-Added Tax (VAT).
Super Value’s owner has slammed the proposed sanctions regime for delinquent Value-Added Tax (VAT) payers as “very distasteful”, fearing just one mistake by staff could result in his jailing or loss of passport.
The PLP government, which can’t seem to obey or enforce existing laws, plans to give the VAT Commissioner outrageous far-reaching powers that are frightening in a society with so many crooked politicians.
Over the years we’ve seen Summary Conviction clauses placed in legislation that gives the Government Minister responsible the power to be prosecutor, judge and jury over matters he/she might consider contrary to the act.