BAHAMIAN workers would face grave reductions in take-home pay if a payroll tax were implemented instead of a Value Added Tax (VAT), the three leading government voices in financial affairs, including the Prime Minister, agreed.
“You would need a payroll tax of 20-25 per cent to equal what a VAT of 15 per cent would generate,” said Prime Minister Perry Christie...
BAHAMIAN workers would face grave reductions in take-home pay if a payroll tax were implemented instead of a Value Added Tax (VAT), the three leading government voices in financial affairs, including the Prime Minister, agreed.
“You would need a payroll tax of 20-25 per cent to equal what a VAT of 15 per cent would generate,” said Prime Minister Perry Christie...
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