http://www.tribune242.com/news/2012/jun/29/vat-not-total-tax-reform-answer/?c=3908
I have to agree with Raymond there are just way too many factors to factor in to balance and check in our unstable economy. It isn't just to generate revenue for now, its to help develop our country's economic strength. Could be a tricky one.
VAT wouldn't really work in the Bahamas at least without some other
addendum. Seeing as how we are a Tourism based economy, it can be a real
stretch to put a tax on top of a tip for a service provided. Maybe if
we limit it to only luxury items purchased in the Bahamas then that
would be a great starting point. Government makes money, consumers are
less likely to complain because they don't need that good or service to
live, and the money earned can pay for a lot of things.
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