Bahamas: Government spurns suggested new taxes to fund PAs

Though a bill proposes major tax increases including a new $5 departure tax and a one percent tax on the development of property valued at more that $250,000, Environment Minister Earl Deveaux has confirmed that the government does not support the measures in its legislation.

The taxes are included in the Bahamas Protected Areas Fund Bill, which was one of the four pieces of proposed legislation presented at the opening of the new session of Parliament on Wednesday.

The Bahamas Protected Areas Fund Bill establishes the entity that will regulate protected areas managed by the government, the Bahamas National Trust and other areas the Fund considers protected areas.

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