first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppNassau, Bahamas, February 20, 2017 – The Bahamas needs to increase taxation in order to achieve a surplus said the Finance Secretary of the Ministry of Finance on Thursday during the State of the Economy Report Conference held at the Atlantis Resort.Despite the addition of Value Added Tax, the country remains one of the lowest taxed jurisdictions in the region and the tax to GDP ratio is still too low for the country to operate comfortably in the black.  VAT has been a great help to the Bahamas public purse explained, Simon Wilson, who said over two years the country can build to $400 million more.The current tax to GDP ratio is 17-22%… Mr. Wilson explained that it needs to rise to 25-27% for the country to meet a surplus.#MagneticMediaNews ALERT # 2 ON POTENTIAL TROPICAL CYCLONE NINE ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY THURSDAY 12TH SEPTEMBER, 2019 AT 9 PM EDT The Luxury of Grace Bay in Down Town Provo Related Items:#magneticmedianews Facebook Twitter Google+LinkedInPinterestWhatsAppcenter_img Photo Credit: Freeport News Recommended for you Electricity Cost of Service Study among the big agenda items at September 11 Cabinet meetinglast_img

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