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Failure to learn how we got here
I think that it was Wednesday of last week that a raft of Tax Amendments were analysed by BICA (Bahamas Institute of Chartered Accountants) from the Department of Inland Revenue. Changes from Real Property Tax increased penalties, to VAT updates, and on to Business Licence changes, and I could only think to myself “Do these people even have a clue how we (The Bahamas) got to where we are today”?
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