Wednesday, October 11, 2017

#BARBADOS: Gov't Raises Taxes 400% Amid Stagnant Economic Growth

[world politics news]


The Democratic Labour Party government is confident it can close a fiscal gap in its budget with a 400% tax hike that has already raised $25 million in one quarter. But their "National Social Responsibility Levy" has come under heavy criticism from private sector business groups and Unions alike for raising the cost of living during a period of stagnant economic growth.

[FULL STORY HERE]

Pictured: DLP MP and Finance Min. Christopher Sinckler.

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