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Morning Blend 3 June, 2014

#MorningBlend on June 3, 2014:
State Minister for Finance Michael Halkitis explains the rationale for the govt’s new position on VAT, and the 7.5% – instead of 15% – rate. He also says there will indeed be duty reductions and exemptions, even before VAT comes into effect in January 2015.
Halkitis also talks about expenditure and deficits, business licence fees, Freedom of Information Act, the increases in allocations for the Grand Bahama Ministry, and much more.

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