According to the president of the Fiji Chamber of SMEs Humphrey Chang, the organisation has refuted a report by the International Monetary Fund stating that Fiji’s largest revenue earning potential could come from increasing value-added tax (VAT) from the current 9 per cent to the world average rate of 16 per cent. The chamber cites repeated statements by ANZ economists and researchers that Fiji need not worry about its national debt and should instead focus on raising revenue.
Source: fijitimes.com
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