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Bahamas Developers Association Meets with Deputy Prime Minister Peter Turnquest

With more than $1 billion in real estate development pending from Abaco to Exuma and concerns about recent changes in tax policy, the newly-formed Bahamas Developers Association met this week with Deputy Prime Minister and Minister of Finance Peter Turnquest.

There was a grave concern among developers about a change in the ability to claim back costs on VAT returns when the budget that took effect July 1 was announced, said a spokesperson...

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