Search results for : payroll

Showing 111 to 120 of 557 results


News Article

May 13, 2015
NHI without payroll tax: 'hopeful, but delusional'

President of investment and advisory firm CFAL Anthony Ferguson said the idea of introducing the Christie administration's National Health Insurance (NHI) scheme in January 2016 without a payroll tax to support it - supposedly to refrain from adding to the tax burden on Bahamians - is "hopeful, but delusional".

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News Article

June 30, 2014
Ian Fair: Payroll or income tax better than VAT

A top banker has argued that imposing an income tax would not deter the wealthy from moving to The Bahamas, arguing that this or a payroll tax would be preferable to the "very, very complicated" value-added tax (VAT) proposed.
Ian Fair, chairman of Butterfield Bank and former chairman of the Grand Bahama Port Authority (GBPA), told Guardian Business during an interview from London, England, that a...

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News Article

May 22, 2014
VAT better than payroll tax, Oxford Economics finds

While the introduction of value-added tax (VAT) would slow the economy down and result in a "surge in inflation" in the short-term, households would ultimately be better off with VAT compared to payroll tax, according to a new study by Oxford Economics.
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) and the Coalition for Responsible Taxation commissioned the report.
The report...

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News Article

May 21, 2014
Oxford Economics: Payroll tax best for tourism

A study from the Coalition for Responsible Taxation has provided evidence that a payroll tax at six percent would be significantly more beneficial for the country's number one industry - tourism - than value-added tax, involving less of an "inflationary shock" in the short term, while ultimately achieving a similar level of debt reduction in the long term.
The report, compiled by global forecastin...

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News Article

April 28, 2014
New Zealand VAT experts: VAT preferable to payroll tax

International evidence suggests payroll tax would have a worse impact on growth and employment in the country than a value-added tax (VAT), according to two New Zealander VAT specialists.
Don Brash, a prominent businessman in New Zealand, who was intimately involved in the introduction of VAT there in 1986, said that he was persuaded in the mid-1980s and remains so today, that VAT is the "least ba...

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News Article

April 29, 2014
FNM deputy: I'd back payroll tax

FNM Deputy leader Loretta Butler-Turner suggests that a payroll tax coupled with another revenue generation scheme like a national lottery should be implemented rather than the controversial Value Added Tax (VAT).

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News Article

April 17, 2014
Coalition hits back over government's position payroll tax

The Coalition for Responsible Taxation has hit out at comments from top government officials that payroll tax is not a viable alternative proposal to value-added tax (VAT), suggesting that the government has misconstrued its position on the tax, and should show the basis on which it has formed its position that a payroll tax is not viable.
The coalition's comments, in a statement released to the m...

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News Article

April 15, 2014
PM, minister, financial secretary agree: Payroll tax not a viable option

Bahamian workers would face grave reductions in take-home pay if a payroll tax were implemented instead of a value-added tax (VAT), said three of the leading voices in financial affairs, including that of the prime minister.
"You would need a payroll tax of 20-25 percent to equal what a VAT of 15 percent would generate," said Prime Minister Perry Christie.
The prime minister was addressing a gathe...

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News Article
'Payroll tax not a viable option'
April 15, 2014
'Payroll tax not a viable option'

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...

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News Article
PM, Minister, Financial Secretary Agree: Payroll Tax Not a Viable Option
April 14, 2014
PM, Minister, Financial Secretary Agree: Payroll Tax Not a Viable Option

?Would take 20-25% of wages to generate what VAT can raise without penalising workers?...

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