October 17, 2013
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‘Impossible’ to reduce funding on subventions
STATE Finance Minister Michael Halkitis insisted yesterday that it was impossible to cut back on nearly $288m in subventions the government expects to award various organisations and public corporations amid calls to curb public spending.
'We will not be bullied on VAT'
THE GOVERNMENT of the Bahamas will not be “bullied or threatened” to postpone or cancel the implementation of Value Added Tax, Minister of State for Finance Micheal Halkitis said yesterday.
Halkitis: No viable option other than VAT
APART from the imposition of Value Added Tax (VAT), the Bahamas has no other viable option to spark the required streams of revenue it needs to arrest government debt, according to State Finance Minister Michael Halkitis.
Prosecution for businesses if they charge VAT before it is law
MICHAEL Halkitis, State Minister for Finance, yesterday warned business owners, who might already be charging customers Value Added Tax, that they will be prosecuted to the fullest extent of the law.
Halkitis: Don't judge VAT by effects on our neighbours
MICHAEL Halkitis, State Minister of Finance, says it is not fair to conclude that Value Added Tax (VAT) is a bad fit for the Bahamian economy despite its reported negative impact on neighbouring Caribbean countries.
Halkitis: Leaked VAT bill is out of date
MICHAEL Halkitis, State Finance Minister has confirmed that a version of the Value Added Tax (VAT) legislation recently leaked to the public is not true as numerous revisions have since been made to the document.
Nassau Conference 2013
MINISTER of State for Finance Michael Halkitis gave opening remarks at the Nassau Conference 2013, held at the British Colonial Hilton yesterday.
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