Letter to the Editor
I am glad that I can have a section on this website to express my views on Value Added Tax. Like a lot of Bahamians I was very mad when the idea of VAT was introduced to us. All I could think about was more of my hard-earned money being paid out and nothing but my pay check coming in.
What I started to pay attention to was the fact that the government was going above and beyond its duty in making sure that every Bahamian was knowledgeable on VAT. I got educated and realized the government of The Bahamas did not seek to just TAX its citizens for no reason. We are going to be in a better financial position in short order.
The government in its wisdom introduced VAT to assist with lowering our national debt and giving our citizens a sense of ownership. Our borrowing was getting out of hand and borrowing some more was not the right option to take.
I like this approach as all “mature” countries in the world know that a taxation system is necessary to take care of the country – schools, roads and the like.
So I say lets welcome VAT and and visit the Ministry of Finance’s website for any questions we might have or comments.
Let us make our Bahamas BETTER!!