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Bahamas signs 31st tax deal

By LINDSAY THOMPSON

Gov't had 'no choice' on web shop industry

By NATARIO McKENZIE

Airport advertising in Freeport take-off

Advertising has taken off at Grand Bahama International Airport, with 20 major spots sold in the last four weeks to leading Bahamian companies.

Attorney passes Series 6 exam

Alivia O. Forbes has passed the Series 6 exam in the US after studying with the Nassau-based Securities Training Institute (STI). She achieving 100 per cent on the STI’s final exam.

BTVI readies for solar 'take off'

The Bahamas Technical and Vocational Institute (BTVI) has officially restarted its solar energy programme, believing this sector is primed for “take off”.

Bahamas offers Middle East hub for diversifying

A senior Andbank (Bahamas) executive believes the Bahamas can provide asset and investment portfolio diversification for funds flowing into the United Arab Emirates (UAE) from troubled Middle Eastern countries.

Tax Coalition unveils 'Wake up Wednesday'

These two New Oriental Cleaners employees, Tiffani Lightbourne and Jennifer Pedican-Dames, will both be wearing these brightly coloured T-shirts this coming Wednesday to drum up support for The Coalition for Responsible Taxation.

Insolvent broker chief asked to return $3.5m

An insolvent Bahamian broker/dealer’s principal will be told to return $3.5 million to its liquidators by “formally dissolving” 10 entities he controls, Tribune Business can reveal.

Merged realtor targets biggest possible share

A former Bahamas Real Estate Association (BREA) president yesterday suggested other colleagues follow his lead and seek appropriate merger partners, adding that he was seeking a market share “as large as we can get”.

Gov't 'abandons' $500k Blackbeard's Cay costs

Opponents of the $8 million Blackbeard’s Cay project were yesterday celebrating a preliminary victory in their Judicial Review battle, after the Government “abandoned” its demand that they lodge $500,000 ‘security for costs’.

Gov'ts payroll tax debunking 'disingenuous'

A Tax Coalition co-chair is arguing that the Government’s attempts to debunk its payroll tax alternative are “disingenuous”, because it was never meant to match the $500 million gross revenues projected from Value-Added Tax (VAT).

Aviation has 'reason to Celebrate' on VAT U-turn

Bahamian-owned airlines had “reason to celebrate” yesterday after the Government reversed plans to charge its passengers 15 per cent Value-Added Tax (VAT), something one operator said would have increased air fare costs by 17-20 per cent.

'Priceless Bahamas' merchants 'double' since launch

The number of Nassau/Paradise Island retailers participating in MasterCard’s "Priceless Bahamas" has "more than doubled" since its launch in 2008, according to regional executives, who said the programme was helping the Bahamas move to a cashless society.

Domestic travel VAT exemption welcomed by out island operators

THE government’s decision to exempt domestic travel from Value-Added Tax (VAT) has been welcomed by out island resort operators.

Domestic travel will escape VAT

Value-Added Tax (VAT) will not be charged on any form of domestic travel, a Cabinet Minister has told residents of the Killarney constituency.

Bahamians combine in water plant bid

Rival Bahamian groups have joined forces to form one combined bid to take over the multi-million dollar Windsor reverse osmosis plant, Tribune Business can reveal, with the Government yet to make a decision on a new operator.

'Oppressive' bid to halt Blackbeard's Cay legal challenge

Attorneys for the environmental activists challenging the $8 million Blackbeard’s Cay project have slammed as “oppressive” the Government’s bid to strike out their action, noting that its $500,000 ‘security’ demand is “more than twice” its estimated legal costs.

GB Chamber calls for income tax alternative

The Grand Bahama Chamber of Commerce has urged the Government to implement an income tax as a more equitable and progressive alternative to Value-Added Tax (VAT), with both personal and corporate income caught in the net.

'Exorbitant' Business Licences make one-time payments impossible

Super Value’s owner yesterday said it was impossible for the food retail industry to pay the new “exorbitantly high” Business Licence fees one-time, as he dismissed claims he was ‘bullying’ the Government over its Value-Added Tax (VAT) proposals.

BHTA announces two executive postings

Former Bahamas Hotel and Tourism Association (BHTA) treasurer, Vaughn Roberts, has been appointed to fill its senior vice-president post.

Private sector urged to exploit grant financing

The Caribbean Export Development Agency has urged the region’s private sector to exploit the funds made available under the Direct Assistance Grant Scheme it facilitates.

Top official slams St Kitts VAT video as 'misleading'

A top Ministry of Finance official has slammed the 15-minute video that purports to show Value-Added Tax’s (VAT) disastrous impact on the St Kitts & Nevis economy, arguing that its introduction instead helped return that economy to growth.

MasterCard expands promotion to GB

MasterCard has partnered with the Ministry of Tourism to become the official card of the Bahamas.

Refer to the power of relationships

I’m really pleased when someone who has been referred by another active student walks into my business. In fact, we have buddy day once every few weeks.

Bahamas requiring 'smart Immigration'

THE Government was yesterday urged to adopt a “smart Immigration” policy similar to the likes of Canada, providing a clear path towards citizenship and selectively allowing in individuals with vital expertise that can help grow the economy.