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A broad-based consumption tax is not needed at this time

Some individuals from the International Monetary Fund (IMF) and its affiliate Caribbean Regional Technical Assistance Center (CARTAC) were recently in the Turks and Caicos Islands and held discussions with several individuals including myself. Apparently, they were here on a mission in collaboration with the government of the Turks and Caicos to review our tax policy and to discuss a possible broad-based consumption tax.

Source: menafn.com

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