Thursday, August 29, 2013
The Grand Bahama Chamber of Commerce’s (GBCC) Board and guests met with John Rolle, the Ministry of Finance’s financial secretary, and members of its Value-Added Tax (VAT)implementation team at the Pelican Bay Canal House.
Mr Rolle presented attendees with the proposed roll-out plan for VAT, and then spent the evening in dialogue with the Chamber and guests about the unique features of Freeport under the Hawksbill Creek Agreement
“We were very pleased to meet with Mr Rolle and his team,” said Grand Bahama Chamber president, Barry Malcolm.
“We attempted to convey in our discussion specifics of the structure of the economy of Grand Bahama and the real life impact of revenue increases on the viability of our economy.
“We look forward to having more discussions with him [Mr Rolle] and the policymakers on VAT, as well as inviting our full Chamber membership to partake in these meetings and understand the business impact of VAT.”
Comments
john33xyz says...
How much longer will the details of the governments proposed VAT thingumajigum remain a secret?
Posted 30 August 2013, 9:49 p.m. Suggest removal
ohdrap4 says...
August month's end is here, they did no deliver.
Posted 31 August 2013, 6:06 p.m. Suggest removal
B_I_D___ says...
They do not know what they are doing, what they are trying to implement...VAT in a perfect world can possibly work...but, Bahamas is so far from perfect and so corrupt and so devious, VAT does not stand a chance!
Posted 31 August 2013, 9:43 p.m. Suggest removal
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