EDITOR, The Tribune.
YOU hear it often in the US.... someone has used a fact check as to accuracy of a statement well we certainly need it to respond to the speech of the Minister of State for Finance at the PLP Convention.
1) How VAT money is being used?
PMH Emergency wing was started under the FNM with a loan.
RBDF new Patrol boats from Damen - a loan
Bahamas air new planes from ATR/France - a Loan, not Citi Bank?
These total in excess of $400m - Minister doesn’t know?
2) The VAT rate for calculation is 7.5% but the Minister knows full well there is not just a single charge of 7.5% there is a 7.5% charge on every step, every handler till it gets to the consumer so in the case of food probably as high as 35%. The Minister should say ... the rate that VAT is charged is 7.5% not imply one single charge of 7.5% - big difference.
Crowd pleaser, but you were talking to those who did not understand or more so probably did not remember or know.
The Minister seems to forget also after Matthew they borrowed/loan $165m that certainly did not come from VAT.
As Minister of State except for PMH Emergency it was the same Minister who stood and tabled the proposal to loan these monies.
Truth don’t lie, Editor.
W THOMPSON
Nassau,
January 26, 20l7.
Comments
Well_mudda_take_sic 7 years, 2 months ago
That Halkitis guy is nothing but a fooking dishonest SOB. The VAT regime was introduced for the purpose of reducing our national debt and decreasing our debt to GDP ratio. That was the solemn promise and undertaking made to the Bahamian people by Christie and Halkitis alike. Now this bone headed hot aired lying Halkitis, after using our VAT dollars to significantly grow the government and fund a multitude of wasteful projects, wants to make us believe that our national debt would be through the roof were it not for VAT. But that can only be true if Crooked Christie and his most dishonest gopher, Halkitis, have used our VAT dollars to very significantly increase the size of our costly non-productive inefficient corrupt government at just about all levels! This moron Halkitis should be taken to one of our national parks for stoning by the Bahamian people who have been robbed of the VAT dollars they paid over to the government.
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