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Central Bank cautions against sweeping VAT cuts
Summary by Barbados Today
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Central Bank cautions against sweeping VAT cuts
The Central Bank of Barbados has warned against major cuts to the 17.5 per cent Value Added Tax (VAT), arguing that such a move could harm economic stability and fail to bring meaningful relief to those most affected by the high cost of living. Governor Dr Kevin Greenidge set out the Bank’s position on Wednesday in response to a question from Barbados TODAY during a press conference to review the country’s economic performance for 2025. Speaki…
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