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Bakoguy said:
"The new tax scheme is expected to increase government revenue to approximately $800,000 in 2016."

It will interesting to see how much revenue is actually generated from this and if any new revenues will be offset by losses due to tourists taking their business elsewhere. Unfortunately the locals will be the most impacted by this new tax.


Yes. It's well known that you can't just keep increasing taxes and get more and more revenue.
Eventually revenues fall.

Some guy named Laffer first came up with this...

https://en.wikipedia.org/wiki/Laffer_curve