Webshop Employees and Demonstrators March Against Pending Increase on VAT

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June 14, 2018

Web shop employees and other demonstrators marched downtown today in protest of the pending 60 percent increase in value added tax (VAT) and the proposed sliding scale tax scheme for web shop operators.

Minister of Finance Peter Turnquest announced the dramatically higher sliding scale of taxes on revenue of the gaming houses on May 30.

The new tax scheme is to take effect July 1; as is a national increase in VAT from 7.5 percent to 12 percent.

Operators have warned that the proposed tax scheme threatens 2,000 jobs.

The protestors say, “we need vision, not taxes”.

The Official Nassau Guardian Facebook

News date : 06/14/2018    Category : About Bahamians, Bahamas Local Stories

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