Barbados Labour Party

(2027 Barbadian General Election)

(Draft Bill)

B$3500 monthly Basic Income per citizen under a B$31,500 yearly income

B$25 an hour minimum wage (including gig work)

20% consolidated flat tax over B$12,000 a year (with double taxation)

20% corporate tax on profits

20% value added tax tax on each stage of sale (paid quarterly)

20% value added tax on imports

VAT tax registration over B$12,000 a year

Sole trader registration over B$12,000 a year

Recreational drugs are decriminalized

Estimated Revenue: B$10 billion a year (B$1 billion surplus a year)