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Introduction of 8% BBO “VAT” at border would have devastating impact

The article discusses the introduction of a 7% border tax in Aruba. The article highlights the concerns raised by the Council of Advice regarding the devastating effects this tax measure will have on purchasing power, inflation, investments, tourism, and the economy. The opposition party, AVP, has studied the advice and shares these concerns. The article mentions that the AVP has requested an urgent parliamentary meeting to hear from all stakeholders, including trade unions, the Chamber of Commerce, tourism organizations, and others. The Council of Advice predicts that the border tax will lead to more inflation and hinder the growth of the economy. The AVP leader criticizes the government for not reconsidering the measure, stating that it shows a lack of concern for the well-being of the population. The article also mentions the negative impact of the tax on consumers, businesses, and the tourism sector. The Council of Advice suggests conducting an in-depth study on the effects of the tax on the tourism industry and raises concerns about the government’s reliability.

Source: antilliaansdagblad.com

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