Over 100 Retailers United in Opposition to VAT

More than 100 retailers have joined an industry federation opposing Value-Added Tax’s (VAT) introduction, its co-chairman, Etienne Christen, charging that Barbados’s predicament had “completely dispelled” the assumption the tax was a “magic bullet” for this nation’s fiscal woes.

The Bahamas Federation of Retailers (BFR) currently has about retail operations who, combined, have a current employee count of just over 2,000 people. “We are still receiving employee count figures from many of our businesses that signed on from the beginning,” Mr Christen said.