Economy / Bahamas
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VAT On The Cards?
December 2006 | Risk SummarySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The government has reiterated that it will not consider an income tax to finance its proposed widespread changes to the provision of national health services. The National Health Insurance Implementation (NHI) project is currently being evaluated by the government, and it has been suggested by local observers that a tax on income or capital gains would be necessary to finance the scheme. While the government have refuted these claims, Finance Minister James Smith has admitted that a value-added tax could be on the cards. This is in line with recommendations from the