October 14, 2021
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Grand Bahama’s Chamber of Commerce president yesterday urged the Government to eliminate VAT on “breadbasket” food items to counter soaring inflation and delay a minimum wage increase.
The Grand Bahama Chamber of Commerce’s president yesterday urged the Government “not to get sidetracked” by the furore over the Prime Minister suggesting investor confidence is “waning”.
Some 98 percent of business and home owners in Dorian-devastated Abaco say reinstating 10 percent VAT on construction services will “significantly influence” whether they rebuild or not.
The Grand Bahama Chamber of Commerce’s president says the private sector is not opposed to the concept of a minimum wage increase but, rather, the timing.
The Grand Bahama Chamber of Commerce’s president yesterday voiced concern that the Government is “running out of time” to clarify if the Dorian tax breaks will be extended beyond year-end.
The Grand Bahama Chamber of Commerce’s president has warned that the furlough period’s end must be “well thought-out” to avoid inflicting a “double whammy” on workers and businesses.
Grand Bahama Power Company’s planned electricity rate increases will impose “an extra burden” on the very businesses the island is relying on to pull it out of recession, it was argued yesterday.
Grand Bahama’s Chamber of Commerce president says the island needs to regain critical mass “like yesterday”, adding: “We desperately need jobs here.”