- FNM Leader Michael Pintard opposes an increase to the VAT structure at this time
- IMF recommended a 10% increase to the VAT rate and introduction of personal income tax for top earners
- The Davis administration has no plan for a tax increase, currently at 10%
- Pintard suggests government find other solutions to meet debt target
- Government has not taken on opposition recommendations to reduce excessive travel
- Prime Minister Davis is focused on reducing cost of living due to inflationary pressures
- VAT was introduced in 2015 and increased to 12% under previous administrations
- The current government decreased VAT to 10% but increased it on breadbasket items from 0% to 10%
Source: ewnews.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
