'Honest appraisal' of auto duty urged

By NEIL HARTNELL

Tribune Business Editor

The Government has been urged to publish an "honest assessment" of whether the increased duty rates applied to automobile imports achieved the $12 million revenue increase objective for the 2010-2011 Budget year, given the "hell" it caused new car dealerships.

Noting the "grief" the duty rate increases, and the structural adjustment from a CIF (Cost, insurance, freight) basis to engine size, had caused Bahamas Motor Dealers Association (BMDA) members, Andrew Barr, Friendly Motors' sales manager, said that if revenue targets were missed, the Government should include the industry in consultations to determine how to achieve ...

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