Search results for : VAT
Hanna-Martin, Cartwright clash over VAT on breadbasket items
An explosive row erupted in the House of Assembly this morning after Free National Movement (FNM) Deputy Leader Shanendon Cartwright and Englerston MP Glenys Hanna-Martin went head-to-head over the issue of value-added tax (VAT). The argument began after Cartwright told Parliament the Davis administration should reverse its decision to place VAT on breadbasket items. "The ...
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'I struggled with breadbasket VAT decision'
'I struggled with breadbasket VAT decision'
ENGLERSTON MP Glenys Hanna Martin admitted yesterday that she struggled with the Davis administration's decision to return value added tax to breadbasket items, adding that she hoped all food items would be free of the tax one day.
'Not feasible' to remove VAT on breadbasket items
ECONOMIC Affairs Minister Michael Halkitis maintained on Friday that removing value added tax on breadbasket items is not feasible at this time, noting the tax regime was a necessary initiative meant to reduce government borrowing and improve the nation's overall "fiscal health."
VAT on breadbasket goods here to stay
VAT on breadbasket goods here to stay
Though Free National Movement (FNM) MPs and Super Value Owner Rupert Roberts have separately called on the Davis administration to remove value-added tax (VAT) off breadbasket items, Minister of Economic Affairs Michael Halkitis was adamant that this is not feasible, and also insisted the government's revenue intake has remained steady despite the imposition of a ...
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Keeping VAT on breadbasket items a 'betrayal', FNM deputy says
The government's decision not to remove value-added tax (VAT) off breadbasket items is "shortsighted and a betrayal" to thousands of struggling Bahamians, Free National Movement Deputy Leader Shanendon Cartwright argued yesterday.
Cartwright repeats calls for breadbasket VAT relief
Cartwright repeats calls for breadbasket VAT relief
FREE National Movement deputy leader Shanendon Cartwright continued his criticisms of the government yesterday over its position that value added tax will not be removed from breadbasket items, saying it was a betrayal to tens of thousands of Bahamians who need relief.
Policy reversal needed on VAT on breadbasket items
Policy reversal needed on VAT on breadbasket items
Dear Editor, Value-added tax (VAT) on breadbasket items disproportionately affect the poorest and those least able to withstand economic shocks. Is it time to reconsider VAT on breadbasket items? In March 2021, as the Minnis-led Free National Movement (FNM) administration floundered, the Progressive Liberal Party (PLP) offered a bold tax plan. The PLP's plan was ...
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'TAX THE RICH' - Minnis: Charge wealthy property buyers and scrap breadbasket VAT
FORMER Prime Minister Dr Hubert Minnis yesterday suggested that the government increase taxes on wealthy property buyers and eliminate value added tax on breadbasket items to alleviate the burden on struggling Bahamians.
PM HITS BACK ON BREADBASKET VAT - while Watson claims tax reintroduction does not hurt consumers
PM HITS BACK ON BREADBASKET VAT - while Watson claims tax reintroduction does not hurt consumers
PRIME Minister Philip "Brave" Davis told his predecessor yesterday to take his own advice, as he hit back over new criticisms levelled at his administration over its refusal to remove value added tax from breadbasket items.
Parents Flock To Stores For VAT Holiday Shopping
Parents Flock To Stores For VAT Holiday Shopping
NASSAU, BAHAMAS - The rain didn't put a damper on back-to-school shopping. Many parents headed out today to catch major deals as the VAT holiday kicked off.