NASSAU, Bahamas — The government should not force the web shop industry out of business through the imposition of onerous taxation, a top accountant is arguing, The Tribune reported on June 11 in a story written by Business Editor Neil Hartnell.
Raymond Winder, Deloitte & Touche (Bahamas) managing partner, told Tribune Business that it was “unfair for any business” — whether it was the domestic gaming industry or other sectors — to be driven into a loss-making position by government taxation.
Reiterating that the resulting job losses and business closures would be counterproductive for both the government and wider Bahamian society, Mr Winder said: “These taxes should not result in the gaming operators incurring losses. No business should be incurring losses because of taxation, and the government should put in some kind of floor [ceiling] for the numbers houses as well as those paying business licence fees. Taxes should not go beyond this level because it results in losses for these industries…” See full story at http://www.tribune242.com/news/2018/jun/11/unfair-tax-web-shops-losses/
