EDITOR, The Tribune.
YOUR Neil Hartnell exposed the reason why the Baha Mar documents were sealed and possibly will remained sealed.
If what he writes happens Government is, if everything is followed, to receive a whopping $1 billion in Stamp Taxes - VAT fees alone which makes one suggest Government has “exempted’ at the least VAT which on the first sale is over $600m without adding attorney fees, stamp tax etc… and probably the second sale Mr Hartnell suggests will happen.
A VAT exemption may only be created by an Act of Parliament.
Surely it would be far simpler if EXIM would find a cash buyer even at $1.2 billion and move on - clean and does not need exemptions?
Just a thought.
P EDGECOMBE
Nassau,
October 3, 2016.
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