{"id":45761,"date":"2014-01-03T09:45:44","date_gmt":"2014-01-03T14:45:44","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/target\/vat-effect-will-beat-baha-mar"},"modified":"2014-02-09T22:42:27","modified_gmt":"2014-02-10T03:42:27","slug":"daguilar-vat-effect-will-trump-benefits-of-baha-mar","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2014\/01\/daguilar-vat-effect-will-trump-benefits-of-baha-mar","title":{"rendered":"D\u2019Aguilar: VAT Effect Will Trump Benefits of Baha Mar"},"content":{"rendered":"

\"\"<\/p>\n

A prominent businessman yesterday warned that \u201cthe VAT effect will outweigh the Baha Mar effect\u201d in 2014, adding that next year will \u201chave been a failure\u201d if unemployment remains close to 16 per cent.<\/p>\n

Dionisio D\u2019Aguilar said the 5,000 new Bahamian jobs created by this time next year, and the almost-$10.5 million in additional direct wages injected into the economy monthly, would likely be overshadowed by tax reform\u2019s \u201cbig elephant in the room\u201d.<\/p>\n

Anticipating \u201ca real mixed bag\u201d in 2014, the Superwash president called on all Bahamians to \u201crally around\u201d the $2.6 billion Baha Mar project and \u201cmake sure we pull this off successfully\u201d.<\/p>\n

But, with VAT likely to have a six-month head start on Baha Mar via its July 1, 2014, implementation, Mr D\u2019Aguilar said the wider business community was \u201closing confidence\u201d in the Government\u2019s fiscal reform plans.<\/p>\n

And, noting that the Christie administration had – and was continuing to lose – \u201cthe PR battle\u201d over VAT, the former Chamber of Commerce president reiterated that it could not simply \u201ctax its way out\u201d of the Bahamas\u2019 fiscal and economic problems.<\/p>\n

Click here to read the complete article at tribune242.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dionisio D\u2019Aguilar warns that “whatever positive effects we get from Baha Mar are going to be somewhat outweighed by the negative effects of VAT.”<\/p>\n","protected":false},"author":17,"featured_media":32650,"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":[27,153,98,108,556],"class_list":["post-45761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-baha-mar","tag-business-2","tag-financial","tag-taxes","tag-vat"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/45761","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\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=45761"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/45761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media\/32650"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=45761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=45761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=45761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}