tag:blogger.com,1999:blog-3758330678390419129.post7238241007853487609..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Hostility to the Value Added Tax is JustifiedRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-35440691242977380932015-11-17T08:49:06.578-05:002015-11-17T08:49:06.578-05:00they won't go for a VAT, they will have a Good...they won't go for a VAT, they will have a Goods and Service Tax instead far more business friendly.Heathhttps://www.blogger.com/profile/15417060063126394938noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29034409246886732382015-11-16T13:49:56.565-05:002015-11-16T13:49:56.565-05:00"Moreover, because the VAT is a hidden tax th..."Moreover, because the VAT is a hidden tax that is collected by businesses, the workers and consumers who would pay the additional tax typically would not realize that government was to blame as their living standards declined."<br />Right, nearly impossible to know how much, or what part of a transaction is the skim taking place; just the sort of tax loved by the state. Further, the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-38847378561915830912015-11-16T12:39:08.517-05:002015-11-16T12:39:08.517-05:00They instituted a VAT tax in the Bahamas on 1/1/20...They instituted a VAT tax in the Bahamas on 1/1/2015 (7.5%).<br />The push back was epic. It required the installation of expensive smart terminals in every Mom and Pop business. The merchants (and everybody else) hated it. Lots of grousing. The additional tax revenue was 'supposed' to benefit all the islands, but everyone knew it would stay in Nassau. And it has.<br />But here's the Capn Mikehttps://www.blogger.com/profile/08133441332228302495noreply@blogger.com