An Analysis of VAT, its Introduction, Implementation and Impact on the Caribbean – Advantages & Disadvantages
A recent symposium at the College of The Bahamas regarding VAT has left us with more reasons not to implement this draconian tax.
The contents were by: Ricara Skippings, Introduction; Lyniqueka Johnson, VAT in St. Lucia; Dorrisa Bethel, VAT in Jamaica; Ashley Darville, VAT in Trinidad and Tobago; Shantavia Grant, VAT in Grenada; Georgette Taylor, VAT in Barbados; and the Dava Bullard with the Conclusion.
Download a pdf of the SBUS VAT Group Final Compliation here…
This information is available to our politicos so the only reason they are rushing headlong into what is obviously a tactical blunder is they do not have the political will to slow government spending in a meaningful way and create an environment where business can flourish so the scope of government and size of the civil service can be reduced over time.
I didn't find any advantages in the presentations so maybe the title of the symposium should have been; VAT, not such a good idea for The Bahamas.
A seriously sobering litany of disaster.
There is no mention of the Barbadian government decision to ‘let go’ 3000 government workers early in 2014….. Essentially a direct result of their efficient VAT.
I believe all h— would hit the fan should our government propose such a thing.
After all, BTC threatened all manner of strikes and WHY, if their ‘entitlement’ of double dipping was removed.
Not only have they proposed it Vir lpse,they are planning on implementing it regardless of what the people think.We the people are being punished for their own bad mistakes & they do not & could not give a damn.