From BahamaIslandsInfo.com

by Owen S. Arthur, M.P.
Former Prime Minister of Barbados

In my recent address, as part of the celebration of Bahamas’ 40th Anniversary of its Independence, I called attention to the fact that the environment within which the development of Caribbean societies takes place has been subject to dramatic transformation.  

I further stated that countries which failed or showed themselves as being too slow to adapt to their changed environment run the risk of falling behind in the race to development, and, at worst, of becoming failed societies.  

This address today draws upon that perspective in offering an opinion on the likely impact of the introduction of a Value Added Tax on the Commonwealth of the Bahamas.  

While the focus will be on issues related to the possible impact of a Value Added Tax, it would seem that justice can only be done to this subject if it is discussed within the context of a broader and interrelated set of issues.  

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