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Chamber of Commerce Opposes IMF’s VAT Increase Suggestion: News Report

  • The Bahamas Chamber of Commerce and Employer’s Confederation (BCCEC) opposes IMF’s suggestion to increase taxes
  • BCCEC believes that increasing VAT would adversely impact businesses
  • BCCEC questions the rationale behind IMF’s recommendations and suggests streamlining government spending instead
  • BCCEC supports the imposition of a domestic minimum top-up tax of 15 percent

Source: thebahamaschamber.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.

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