Hotelier calls for tax policy overhaul
Prominent hotelier Ralph Taylor is insisting that tourism is the only means of getting the island’s economy back on track.
He is concerned that it is globally uncompetitive and says Government needs to quickly address the issue of declining airlift.
Speaking at the Barbados Labour Party’s People’s Assembly last night, Taylor called for an overhaul of the tax policy for the tourism sector to make it a tax-free industry.
“I believe we should review all taxes on tourism, making the product at source free of taxes, so that it can be globally competitive while we impose taxes in our source markets. In other words, Government should levy a charge on your tickets like the British have done for all tourism arrivals,” Taylor said, referencing the UK’s controversial Air Passenger Duty.