{"id":62860,"date":"2014-05-02T10:40:50","date_gmt":"2014-05-02T14:40:50","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/target\/vat-experts-legislation-needs-major-changes"},"modified":"2014-05-02T10:47:01","modified_gmt":"2014-05-02T14:47:01","slug":"vat-experts-legislation-needs-major-changes","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2014\/05\/vat-experts-legislation-needs-major-changes","title":{"rendered":"VAT Experts: Legislation Needs Major Changes"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" alignnone\" alt=\"VAT experts: Legislation needs major changes\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2014\/04\/DON-BRASH-JEFFREY.jpg\" width=\"512\" height=\"342\" \/><\/p>\n<p>The government\u2019s draft value-added tax (VAT) legislation needs \u201csubstantial\u201d changes, New Zealand VAT expert Don Brash said yesterday.<\/p>\n<p>Brash, of Brash Consultancy Services, said a major issue that should be revised is the \u201chuge\u201d list of exemptions included in the draft bill.<\/p>\n<p>He said fellow New Zealand VAT expert John Shewan has listed 15 to 20 points that the government can improve on along with examples from New Zealand\u2019s VAT laws. The suggestions are included in the experts\u2019 report that was given to the government.<\/p>\n<p>He explained that a VAT system with a lot of exemptions makes the tax \u201cvastly more complicated\u201d.<\/p>\n<p id=\"mct-ai-attriblink\"><a href=\"http:\/\/www.thenassauguardian.com\/index.php?option=com_content&amp;view=article&amp;id=46994:vat-experts-legislation-needs-major-changes&amp;catid=3:news&amp;Itemid=27\" target=\"_blank\">Click here to read the complete article at www.thenassauguardian.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government\u2019s draft value-added tax (VAT) legislation needs \u201csubstantial\u201d changes, New Zealand VAT expert Don Brash said yesterday. <\/p>\n","protected":false},"author":25,"featured_media":63226,"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":[29,142,49,60,556],"class_list":["post-62860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-economy","tag-incompetence","tag-law","tag-plp","tag-vat"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/62860","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\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=62860"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/62860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media\/63226"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=62860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=62860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=62860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}