Chamber tax committee seeking input
Published: Oct 02, 2013
Seeking to promote “constructive engagement” on VAT, the Bahamas Chamber of Commerce and Employers Confederation has formed a tax reform committee, it was announced yesterday.
The committee has invited various industry associations and the affiliate Family Island Chambers to participate in this broad-based private sector working group.
It will be co-chaired by BCCEC Vice Chairman, Robert Myers and Gowan Bowe, partner of PriceWaterhouseCoopers.
“The purpose of the coalition is to bring leadership to the debate, get more engagement from our members and the private sector in general and elevate the national discourse on tax reform,” said Chester Cooper, BCCEC chairman.
“If, after in-depth analysis, we find that the impact will be negative on business and /or the economy we trust that our reasoned feedback to the government will result in a revised version that will be equitable and contribute to government revenues without adversely impacting business.”
BCCEC members are being encouraged to become informed and engaged in the discussions as the final outcome will affect everyone.
To assist with this process, a series of public information sessions are being planned with the cooperation of the Ministry of Finance.
At the end of the sessions and after several weeks of deliberations by the Tax Committee, BCCEC plans to issue a position statement which will “reflect the best amalgamation of views and solutions that represent the widest cross section of the private sector,” it said.
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