VAT Again!!

image from www.weblogbahamas.comSirs,

Please allow me space in your valuable pages to ask of the Minister of Finance and the Minister of State for Finance, why they are not being entirely truthful with the very long-suffering Bahamian people?

The Very Awful Tax, also known as value added tax is probably the single most complex and expensive tax for a country to lay on its populous and any one of the 100 plus nations presently utilizing it will tell you that, because of the sheer costs of installation and collection, there will be NO income from a VAT for up to 2 years from set-up!

Now, Messrs Christie and Halkitis would you like to try again and tell us what VAT has actually been spent on thus far?

Yours in horror,
Harry Strachan

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