Minister of Finance Chris Sinckler should not bring more taxes, but rather measures to ease the squeeze on pockets, boost business and stimulate the ailing economy.
This was the call from several business organizations and groups as Barbadians anxiously await his second Budget in the House of Assembly on Tuesday evening.
President of the Barbados Hotel & Tourism Association, Colin Jordan, has urged the minister to avoid putting any hindrances in the way of the vital foreign exchange earning sectors.
Among other things, his group wants the value added tax (VAT) – which was raised by two percentage points to 17.5 per cent last December 1 – returned to its original levels to ease those in the hospitality sector, as well as incentives to encourage Barbadians to take up more Staycation packages to save foreign exchange.
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