Chief Executive Officer of ADM Import & Export Distributors Ltd, and Supermarket Owner Balliram Maharaj is of the view that there is nothing wrong with Government’s decision to remove certain food items from the zero rated list.
He persons within the low to middle income bracket are the ones who are feeling the effects.
He made the comments on the Power Breakfast Show on Power 102.1fm today.
Mr. Balliram said VAT being reduced by 12.5 percent was a promise made during elections when conditions were favorable, however things have changed since then.
He went on to say that if one were to look at the situation from an economic stand point, there was no financial need to take this action now.
He said while he still maintained that it needed to be done he believed that the action could be taken later.
Chief Executive Officer of ADM Import & Export Distributors Ltd, and Supermarket Owner Balliram