Transcription of The Bahamas
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The Bahamas
1 | VAT ADOPTION IN THE BAHAMASThe Bahamas The Economic Consequences of the Value-Added Tax for the BahamasAugust 2013 Prepared by:David Godsell, , , MBA, MSc, CMA1 | VAT ADOPTION IN THE BAHAMAS2 | VAT ADOPTION IN THE BAHAMASThe Economic Consequences of the Value-Added Tax for The BahamasExecutive SummaryAs described by the White Paper released by the Bahamian government in February 2013, the Bahamas is poised to adopt value-added taxes (VAT) in July 2014. In this report we discuss the economic consequences of VAT adoption and elaborate on the welfare loss that can be anticipated for consumers, labourers, employers and the government.
3 | VAT ADOPTION IN THE BAHAMAS Table of Contents Page 4 - Introduction Government Position Organization of this Report The Bahamas Context Page 7 - VAT Stakeholders and Welfare
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