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Advocate| IMF report suggests increase in VAT

Advocate THE International Monetary Fund (IMF) is again calling on the Barbados government to increase the value added tax (VAT).
Furthermore, it wants the full impact of higher oil prices borne by consumers, and believes that some projects could either be postponed by government or offset by reductions in other areas.
The IMF has suggested these measures following its Article IV Consultation which was done last month.

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