Saturday, Jul 11, 2020

Devaluation fears influenced VAT hike

Amid growing opposition to the government’s plan to increase value-added tax (VAT), Minister of Finance Peter Turnquest defended the decision today, warning that failure to improve the government’s revenue yield and lower the deficit could ultimately result in currency devaluation. Financial Secretary Marlon Johnson added that

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Policeman wounded in shootout

An off-duty police officer was wounded early Wednesday morning following a car chase of armed men who attempted to break in to his vehicle, police said. Reports indicate the officer was at Primer Avenue, off Tonique Williams Darling Highway at 2 a.m. when two men approached

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