Gov’t nixes PPP/C plea for zero-rated VAT items

Finance Minister Winston Jordan

The government used its one-seat majority in the National Assembly last evening to defeat a PPP/C motion calling for the restoration of items that were previously zero-rated under the Value Added Tax (VAT), with Finance Minister Winston Jordan once again arguing that the changes were necessary to stem the continuing decline of revenue yielded by the tax.

The motion, which was debated for over three hours,