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.
