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Govt unlikely to meet several key election recommendations from OAS thenassauguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenassauguardian.com Daily Mail and Mail on Sunday newspapers.
Davis’ tax review pledge ‘reckless’, Thompson says Kwasi Thompson. BIS Progressive Liberal Party (PLP) Leader Philip Brave Davis’ promise that a PLP government would review value-added tax (VAT) is “reckless, self-serving and a shameless attempt to curry favor,” Minister of State for Finance Kwasi Thompson asserted yesterday. “It is both reckless and self-serving to suggest to persons that any government can offer any wholesale knee-jerk adjustment to tax measures in our present circumstances given the ongoing need over the medium term for the government to continue to support in an enhanced way the recovery of the economy, and the attendant necessary investments in healthcare, social assistance, education and critical public infrastructure,” Thompson said when asked to comment on Davis’ statement. ....
Davis: PLP govt would review VAT PLP leader says determination will be made on whether VAT is still viable Philip Brave Davis. Progressive Liberal Party (PLP) Leader Philip Brave Davis said yesterday that if elected to office his administration would focus on tax reform and determine whether value-added-tax (VAT) is still appropriate for The Bahamas given the current state of the economy. The Christie administration introduced VAT in 2015 at a rate of 7.5 percent, while Davis served as deputy prime minister. Asked whether his administration would undertake tax reform, Davis responded, “Tax reform is on our agenda and it does not necessarily mean that we are going to … but tax reform in the sense that we alleviate the burden of taxes on the Bahamian people, which may necessarily mean revisiting whether VAT is the appropriate [tax]. ....