If Davis lowers VAT to 10%, he will be able to claim his own Moody's downgrade, and they won't wait until the next election!
VAT is not only the largest source of income for the government, but it is also the most reliable as it is collected by the private sector. Davis knows this very well, since VAT was implemented by the PLP. The new PM must already be regretting his campaign promise.
There is nothing more useless in this country than die hard PLPs like the two above or die hard FNMs. The writer conveniently omitted that the last PLP government put in place VAT, the “unfair regressive tax” he has been bitching about for the past few months...Now please remind us why the PLP was voted out of office in 2017?
I think the timing of the downgrade is fishy indeed. It appears that Moody's was trying to avoid revealing the true state of the country's finances before the election. Was Moody's willing to wait until May 2022, had Minnis wanted to stay PM for a few more months?
Proguing says...
Bring back Loretta, at least she saw the writing on the wall
On MINNIS: I’LL STEP ASIDE AS LEADER – Former PM tells FNM chiefs he’ll give way to members’ new choice
Posted 22 September 2021, 1:22 p.m. Suggest removal
Proguing says...
I would not be surprised, but the re-introducing VAT on breadbasket items would hurt the poor most.
On Moody’s throws wrench into PLP’s VAT cut plan
Posted 21 September 2021, 4:05 p.m. Suggest removal
Proguing says...
If Davis lowers VAT to 10%, he will be able to claim his own Moody's downgrade, and they won't wait until the next election!
VAT is not only the largest source of income for the government, but it is also the most reliable as it is collected by the private sector. Davis knows this very well, since VAT was implemented by the PLP. The new PM must already be regretting his campaign promise.
On Moody’s throws wrench into PLP’s VAT cut plan
Posted 21 September 2021, 3:08 p.m. Suggest removal
Proguing says...
You need to change the title to Happy Days for the PLP....
On A happy day for The Bahamas
Posted 21 September 2021, 2:19 p.m. Suggest removal
Proguing says...
Can you please inform us why the PLP legalized gambling after Bahamians voted "no" in the referendum?
On A happy day for The Bahamas
Posted 21 September 2021, 10:28 a.m. Suggest removal
Proguing says...
I wonder if Nygard said again "we took the country back" from his jail?
On Transparency is easy to say, harder to live up to
Posted 21 September 2021, 8:05 a.m. Suggest removal
Proguing says...
Halkitis where der VAT money gone?
On BRAVE’S FIRST ROUND PICKS: Davis unveils first ministers who will ‘get things done’
Posted 21 September 2021, 7:56 a.m. Suggest removal
Proguing says...
There is nothing more useless in this country than die hard PLPs like the two above or die hard FNMs. The writer conveniently omitted that the last PLP government put in place VAT, the “unfair regressive tax” he has been bitching about for the past few months...Now please remind us why the PLP was voted out of office in 2017?
On A happy day for The Bahamas
Posted 20 September 2021, 8:15 p.m. Suggest removal
Proguing says...
Have the began renovations on the Melia? I don't see anything taking place contrary to Sandals.
On Stopover tourism ‘85% recovered’ this winter
Posted 20 September 2021, 4:01 p.m. Suggest removal
Proguing says...
I think the timing of the downgrade is fishy indeed. It appears that Moody's was trying to avoid revealing the true state of the country's finances before the election. Was Moody's willing to wait until May 2022, had Minnis wanted to stay PM for a few more months?
On ‘Moody’s owes us an apology’
Posted 20 September 2021, 3:25 p.m. Suggest removal