October 28, 2021
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The International Monetary Fund (IMF) yesterday subtly signalled that The Bahamas must introduce new and/or increased taxes to hit fiscal targets that include a 25 percent revenue-to-GDP ratio before the next general election is due.
The Government will bridge the “gap” to its $1.3bn revenue increase with “additional measures” in the upcoming mid-year Budget as it faces criticism for “very extreme” fiscal forecasts.
A former Cabinet minister yesterday accused the Davis administration of “burying their head in the sand” to The Bahamas’ “detriment” on global tax moves that threaten to impact this nation.
EAST Grand Bahama MP Kwasi Thompson is adamant that the former Minnis administration’s policies were working, pointing to increased revenues between July to September.
FORMER State Minister for Finance Kwasi Thompson said the former Minnis administration’s fiscal strategy is bearing fruit, citing a recent report that found that revenue performance surpassed $550 million in the first quarter of the fiscal year 2021/2022.
MICHAEL Pintard is the name that stands out for leadership of the Free National Movement after many FNMs spoke to The Tribune on and off the record declaring their support for that candidate.
A former Cabinet minister yesterday hit back at the Prime Minister’s assertion of a “$1bn” fiscal omission by the Minnis administration, saying: “Not every liability must be disclosed.”
FORMER State Minister for Finance Kwasi Thompson said the Davis administration will be hurting the most vulnerable people in society when it reintroduces value added tax on breadbasket items.