why does tax always go up and not down? we already have almost half the available workforce of the country employed by Govt while the other half works to pay for the salaries of the other half. But hey, lets add more tax burden. Does anyone see the irony of the government collecting tax on the salary that it pays to its own employees to pay them that salary. talk about a circular economy...

Therefore if we start income tax, the bahamas gov't will further tax itself making money out of literally nothing but air.

what's the problem LOL... I give you $100 for repairing my car, you pay with the $100 your barber, he pays with $100 his restaurant bill, and the restaurant owner comes back to me and pays me back the $100 buying 20lb of chicken..... problem solved

There should be no discussion of new taxes until all due taxes have been collected.

Then we can study how VAT which was sold to us "to pay down the debt" had the exact opposite effect, with exploding budget deficits and record new debt, so that we are now near bankruptcy.

Amen! Totally agree. It makes zero sense to talk about new taxes when every government has done a poor job collecting the existing ones. Real property tax, not collected. Issues with Customs with collection.

Even outside of tax collections, we have uncollected revenue at BPL and Water.and Sewerage. A couple of years ago Immigtstion said they were owed money. It's just ridiculous. The system is broken and instead of fixing it, the government wants to get another thing to break.

Agree

While they may have degrees economists often spew out what is their opinion. When their supposed ideas/policy's/forecasts fail they face no consequences so they continue to spew out opinions as science. Conversely if a engineer builds a bridge that collapses their career is over finished and done. They may even face civil and criminal consequences. Sick and tired of people with certain degrees get away with screwing up things with no consequences. They may be a little more cautious otherwise.

taxes, taxes, taxes. Is there anything else to talk about. people and governments always want more. more more more. when will it be enough? we are on a hamster wheel to no where. no money is in the pot. police officers , custom officers, teachers, nurses, etc all want more. the government needs more money to pay salary increases ,perks, and pensions. what do they do? they increase taxes to pay these increases.the wheel continues. it will never stop.

BTW income tax would not be be "progressive taxation”, it would be a "tax on the middle class" as the poor would be exempt and the rich would find ways to avoid it.

Can the middle class of this country survive with a 30% deduction of their income?

If Rupert Pinder can live comfortably with 30% reduction of his income, he should show the example and send a cheque to the Treasury on an annual basis along with other persons who support this tax.

these are proposals from an university professor, out of an ivory tower. Leftist stuff. He even cant define what is fair.

there should be no tax on your own labour. Thats theft. Tax the companies that make millions. Who "employ" people to make profit (aka exploit their workforce) he should pay taxes.

Mr. Pinder as an economist should know that the international agencies are pushing for income tax because a lot of International Business Companies (IBC) are here. In 1989, the government of the day allowed for the enhancement of the International Business Company [ IBC ] Act, 1989, guaranteeing them exemption from paying all income taxes, local taxes or corporate taxes. Presently, and Mr. Pinder should know, is that the government can't introduce corporate or income taxes for fear of being sued by the IBC's.. Bahamian IBC's are exempted from small business license fees and do not require a license under the Business License Act. Shareholders are exempted from all income taxes, capital gains taxes and corporate taxes. This being said, it still comes down to the small man and the middle class to pay these taxes because the rich folks are all involved with the IBC's. All of the high paying jobs are held by these people who will be exempted from paying income taxes.

btw I Have a better proposal: send a cat.5 hurricane to European Union, or wait, send them two or three of them.

CONSIDER THIS:

1. Can the Bahamian Government realistically collect the present taxes that are on the books?

2. What percentage of each major type of taxes was collected (on average) over the past TEN years?

3. If there was no VAT or customs duties, HOW would the Bahamian Government finance itself?

4. If VAT & customs duties negatively impact the poor Bahamian, what can the Government do to SHIFT the present tax burden onto the top 20% of the population?

Given that politicians are many lawyers, dictotors or businessmen, are not going to tax themselves.

They start talking this crap again because they want to bring back Perry Christie's PAYROLL TAX. Then they keep out of payroll.

Bahamian working people have lost the ability to have a General Strike ..... No union leader has the ONIONS or CREDIBILITY (like Randol Fawkes) to lead the common man against the bully politicians ........... The union bosses are in bed with the bully politicians ........ the small man is "screwed" in the 242

Someone please tell Rupert Pinder that what we desperately need is Government Reform, not Tax Reform. Without the former, the latter is meaningless.

We were told VAT would be used to replace customs duties and help pay down, not slow down the growth of, our national debt. Well that certainly did not happen. What we got instead was an even higher VAT rate and an even more bloated government along with greater than ever waste, fraud and corruption at all levels of the public sector, from our elected officials right on down.

Our country has been taken down by systemic corruption. It's accepted, rewarded and culturally ingrained throughout most of the public sector and among most of our elected officials. More taxes is definitely not the answer. We urgently need Government Reform. But instead Minnis seems quite content to standby and wait for the IMF to instigate and impose on us the most severe and draconian austerity measures imaginable. That's what I call failed leadership!