How is he plugging the hole of the national debt? As a reminded it was the PLP who introduced VAT to pay back the national debt. How did that work out?
I remember having a discussion with a bigwig of an accounting firm advising the government on the introduction of VAT. He tried to convince me that it was necessary to reduce the national debt….lol
Exactly a poor family spending $1000 of basic foods and rent will now have to pay $100 more. On the other hand a rich Bahamian buying a $100,000 BMW SUV will now pay $2000 less.
In other words the poor will be paying for the lower VAT rate of the rich...
VAT reinstatement on breadbasket items will wipe out the poor who are already suffering from the rise in inflation induced by Biden’s energy transition policy
Proguing says...
Instead of travelling all that way for a photo op with the senile president, why not start here with some measure to reduce pollution in the Bahamas?
On Davis joins world leaders at climate conference
Posted 2 November 2021, 1:11 p.m. Suggest removal
Proguing says...
I wonder how long it will be functional???
On $2.4m radar system delivered to Defence Force
Posted 30 October 2021, 10:36 a.m. Suggest removal
Proguing says...
PLP introduced VAT.
FNM excluded items such as breadbasket and medicine to alleviate the suffering of the poor.
Having selective memory again?
On EDITORIAL: Davis cuts with one hand, increases with the other
Posted 29 October 2021, 1:33 p.m. Suggest removal
Proguing says...
No it’s not.
Example below:
$100 in groceries will now cost $110
$112 doctor bill will now cost $110.
If you add the 10% food inflation that Supervalue is warning about, that will really be $120 groceries bill for the $100 you paid in 2020.
And it's not only the breadbasket items that were exempt, there is also medication, rent, and insurance that you conveniently left out.
On EDITORIAL: Davis cuts with one hand, increases with the other
Posted 29 October 2021, 1:29 p.m. Suggest removal
Proguing says...
What this country needs is for the government to collect due taxes and reduce expenses.
On VAT CUT BY JAN 1: PM Davis in pledge over 10% tax rate
Posted 29 October 2021, 7:53 a.m. Suggest removal
Proguing says...
How is he plugging the hole of the national debt? As a reminded it was the PLP who introduced VAT to pay back the national debt. How did that work out?
On VAT CUT BY JAN 1: PM Davis in pledge over 10% tax rate
Posted 28 October 2021, 1:34 p.m. Suggest removal
Proguing says...
I remember having a discussion with a bigwig of an accounting firm advising the government on the introduction of VAT. He tried to convince me that it was necessary to reduce the national debt….lol
On VAT CUT BY JAN 1: PM Davis in pledge over 10% tax rate
Posted 28 October 2021, 1:20 p.m. Suggest removal
Proguing says...
Exactly a poor family spending $1000 of basic foods and rent will now have to pay $100 more. On the other hand a rich Bahamian buying a $100,000 BMW SUV will now pay $2000 less.
In other words the poor will be paying for the lower VAT rate of the rich...
On VAT CUT BY JAN 1: PM Davis in pledge over 10% tax rate
Posted 28 October 2021, 1:16 p.m. Suggest removal
Proguing says...
Yep, what he deposits in one pocket he withdraws from another…a real magician
On VAT CUT BY JAN 1: PM Davis in pledge over 10% tax rate
Posted 28 October 2021, 10:34 a.m. Suggest removal
Proguing says...
VAT reinstatement on breadbasket items will wipe out the poor who are already suffering from the rise in inflation induced by Biden’s energy transition policy
On VAT CUT BY JAN 1: PM Davis in pledge over 10% tax rate
Posted 28 October 2021, 9:10 a.m. Suggest removal