- FNM leader Michael Pintard does not plan to increase VAT above 10%
- He intends to remove VAT from certain healthy foods, medicines, and feminine and infant care products
- The Minnis administration raised VAT to 12% but removed it from breadbasket items
- The Davis administration reduced VAT to 10% but eliminated exemptions
- Pintard believes other revenue-generating measures will offset the VAT concessions
- He emphasizes the importance of protecting vulnerable Bahamians and improving their health
- Pintard believes that reducing the need for expensive treatments through preventative measures will benefit both health and government finances
Source: tribune242.com
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Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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