NASSAU, Bahamas — As the nation shudders from the shock of the 12 percent value added tax hike, Prime Minister Dr Hubert Minnis reportedly told a Cabinet minister it is “better to lose an election than to lose a country”, The Tribune reported on June 5 in a story written by Ava Turnquest.
Those words came in a private conversation with Health Minister Dr Duane Sands, who yesterday defended his pre-election political stance, and that of the Free National Movement, against VAT.
Meanwhile, a source told The Tribune the government is considering reducing the VAT rate if it can achieve set targets over the next three years. The source explained the short-term goal was not to pay off the debt but to bring in a surplus budget that would allow the government to start paying down on its debt. http://www.tribune242.com/news/2018/jun/05/better-vat-risking-disaster/
