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Bahamas opposition party says VAT could seriously impair economy

Published:Saturday | November 16, 2013 | 9:47 AM

The main opposition Free National Movement in The Bahamas says it fears the introduction of Value Added Tax (VAT) will seriously impair the country’s already weak, un-competitive, and struggling economy.



The party says the tax will also harm and diminish the quality of life of every Bahamian.



The Perry Christie government has already said the introduction of the VAT would ensure that The Bahamas remains relevant in the context of a changing global environment.



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