{"id":39444,"date":"2013-09-18T22:58:36","date_gmt":"2013-09-19T02:58:36","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=39444"},"modified":"2014-02-09T22:40:42","modified_gmt":"2014-02-10T03:40:42","slug":"government-gets-failing-grade-for-vat-implementation","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2013\/09\/government-gets-failing-grade-for-vat-implementation","title":{"rendered":"Government Gets Failing Grade For VAT Implementation"},"content":{"rendered":"<p>The PLP Government is losing the public relations battle over Value-Added Tax (VAT) through its &#8220;cloak and dagger&#8221; tactics, a leading businessman warning yesterday he had to believe the Nassau Institute study\u2019s conclusions in the absence of other evidence.<\/p>\n<p>Echoing some of the conclusions from that report, Dionisio D&#8217;Aguilar, Superwash\u2019s president, told Tribune Business it was impossible for VAT not to increase inflation given its likely impact on prices.<\/p>\n<p>And he added that with the Government said to be targeting $200 million in extra revenues from VAT, that sum represented monies that would be sucked away from consumers and the private sector &#8211; the productive areas of the economy &#8211; simply to fill the multi-million dollar fiscal deficit.<\/p>\n<p>The Nassau Institute report, produced by a former Canadian Revenue Agency auditor, estimated that VAT\u2019s implementation would result in a net $165 million decline in the Government\u2019s total annual revenues.<\/p>\n<p><span style=\"color: #888888;\"><em><strong>Source: The Tribune<\/strong><\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The PLP Government is losing the public relations battle over Value-Added Tax (VAT) through its &#8220;cloak and dagger&#8221; tactics warns a leading businessman.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[40,142,60,1928],"class_list":["post-39444","post","type-post","status-publish","format-standard","hentry","category-business","tag-government","tag-incompetence","tag-plp","tag-vat-tax"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/39444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=39444"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/39444\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=39444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=39444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=39444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}