The value added tax has been used in many growing economies as means to collect revenue for government operations. The replacement of the consumption tax by the St. Lucia government has seen its tax structure shift which has various implications on the citizens of St. Lucia. Much controversy arose as to whether the government was fully prepared to enact the VAT bill at the time when it did. This prompts one to wonder whether the VAT will solve the St. Lucian’s problems. Value added tax has many attributes that make it more desirable to many governments. Its ability ...
Essays on Taxman
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