Central Bank governor Potential gains if you reduce VAT
almost 3 years in Thefreeportnews
Despite criticism that the government’s plan to reduce value-added tax (VAT) from 12 percent to 10 percent will result in lower revenue intake, Central Bank Governor John Rolle confirmed yesterday that based on his understanding, there would likely be potential gains. The Davis administration acquired modeling from independent advisors before it landed on a scenario in which …
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