The Tribune

The Grand Bahama Chamber of Commerce’s (GBCC) Board and guests met with John Rolle, the Ministry of Finance’s financial secretary, and members of its Value-Added Tax (VAT)implementation team at the Pelican Bay Canal House.

Mr Rolle presented attendees with the proposed roll-out plan for VAT, and then spent the evening in dialogue with the Chamber and guests about the unique features of Freeport under the Hawksbill Creek Agreement

“We were very pleased to meet with Mr Rolle and his team,” said Grand Bahama Chamber president, Barry Malcolm.

“We attempted to convey in our discussion specifics of the structure of the economy of Grand Bahama and the real life impact of revenue increases on the viability of our economy.

“We look forward to having more discussions with him [Mr Rolle] and the policymakers on VAT, as well as inviting our full Chamber membership to partake in these meetings and understand the business impact of VAT.”