Financial Market Brief 3 February 2017
Where did the VAT Money Go? “Restoring responsibility and accountability is essential to the economic and fiscal health of our nation.” Carl Levin Amidst the heated debate about the Value Added Tax (“VAT”) receipts, this column decided to bring clarity to the argument and seek to help readers better understand the state of the country’s finances. The colloquial question above was inspired by the Jr. Minister of Finance, Mr. Michael Halkitis, during the Progressive Liberal Party’s (“PLP”) 2017 Convention. He coined the phrase “that’s where the VAT money gone” in an attempt to account for the over $1.10 billion dollars collected in VAT receipts since January 01, 2015. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap

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