The Tax Coalition’s co-chairman yesterday blasted the proposed sanctions for Value-Added Tax (VAT) non-compliance as exposing an “absurd” double standard, warning the Government it was placing “undue pressure on the private sector”.
I have read The Nassau Guardian article entitled: “Minnis blasts government on VAT”. I have some questions for Doctor Minnis…
The Bahamas Chamber of Commerce and Employers Confederation does not support the taxation of web shops as an alternative form of raising revenue, CEO Edison Sumner said Monday.
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.
Despite government plans to implement value added tax (VAT) and the planned opening of Baha Mar, Wall Street continues to see the “risks tilted to the downside” for the Bahamian economy.
When Customs currently applies its 1% processing fee to the total value of imports, is that inclusive of your imported items that are designated as duty free?
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.
A prominent businessman argues that it is wrong that the government will not tax the numbers industry, yet seeks to impose valued added tax (VAT) on the rest of the business community.
A senior executive at Baha Mar has told a packed gathering of College of The Bahamas (COB) students and faculty that the introduction of value added tax (VAT) will likely increase the cost of visitor experiences in The Bahamas.