PLP Chairman: Turnquest mischaracterizing Michael Halkitis and James Smith on 15% VAT remarks
Jun 6, 2018 - 1:20:22 PM
Minister of Finance Peter Turnquest speaking in the House of Assembly
this morning has misused quotes from both Michael Halikitis and James
Smith, former Ministers of State for Finance about a supposed proposed
15 per cent Value Added Tax during the PLP's time in office.
is clear when you look at the statements by both men that the Minister
quoted, these were statements made at a time when the taxes were not
15 per cent was at a proposal stage and after consultations with the
community at large. After the consultations, the rate was settled at 7.5
per cent. After
the rate was settled at 7.5 per cent, there was no further discussion or contemplation of any increase in the rate of VAT.
question remains, however, not what the PLP would have done or did but
what the Government now proposes to do which is to raise the tax to 12
per cent and this rate will damage our economy.
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