Alien
11-13-06, - 07:39 PM
Or both!?!
http://www.thebahamasguide.com/facts/government.htm
Was reading this take on the Bahamian tarrif structure and it struck me very hard, to see that 65% of our revenue come from tarrifs. I know we had high tarrifs, but to depend on it for 65% of our revenue is just too high.
I find it also odd that, this same article would point to the fact that, we have a high rate of duty on imports (35% gross), but, in the same paragraph, it says that; "There are no other significant barriers to trade."
To me that last statement, seems oxymoronic. High tarrifs ARE significant barriers to trade. DUH!
But, I guess it is all in how you word it and to what it means for people who read it.
So how should we restructure our tarrif system?
That does not mean that we have to implement a value-added tax system, but we can discuss it for what its worth.
http://www.thebahamasguide.com/facts/government.htm
Was reading this take on the Bahamian tarrif structure and it struck me very hard, to see that 65% of our revenue come from tarrifs. I know we had high tarrifs, but to depend on it for 65% of our revenue is just too high.
I find it also odd that, this same article would point to the fact that, we have a high rate of duty on imports (35% gross), but, in the same paragraph, it says that; "There are no other significant barriers to trade."
To me that last statement, seems oxymoronic. High tarrifs ARE significant barriers to trade. DUH!
But, I guess it is all in how you word it and to what it means for people who read it.
So how should we restructure our tarrif system?
That does not mean that we have to implement a value-added tax system, but we can discuss it for what its worth.