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Do you wish to know how to motivate yanna peeps? I love using Bahamian slang terms; my spell check goes bonkers.
The Government’s bonded warehouse plan to prevent Value-Added Tax (VAT) ‘double taxation’ has been branded “impossible and not practical” by the private sector, its Tax Coalition co-chair warning: “It’s not going to happen.”
The Government believes its 2013-2014 fiscal deficit will be lower than the projected $443 million if it sticks to its consolidation plan, with half-year numbers “slightly better” than forecast.
THE Government has been urged to establish a ‘national land bureau’ for the management of Crown Land, a well-known doctor arguing that its sale and lease was being “misused and abused”.
An all-Bahamian investor team believes its $3.5 million boutique hotel will become a “magnet” at the heart of Schooner Bay, creating 20 jobs and a total $3 million economic impact for South Abaco.
A top QC has urged the courts to recognise that the Government has “repeatedly tried to break the Hawksbill Creek Agreement”, after Freeport businesses yesterday confirmed they will pursue a Judicial Review challenge to the 2013-2014 Budget’s new and increased taxes.
CAPTION: Kendrick Christie, president of the Association of Certified Fraud Examiners Bahamas Chapter, a Grant Thornton Bahamas partner and past president of the Bahamas Institute of Chartered Accountants, weighs in on the discussion over a proposed Value Added Tax, calling it ‘viable for The Bahamas’.
THE Government has been urged to establish a ‘national land bureau’ for the management of Crown Land, a well-known doctor arguing that its sale and lease was being “misused and abused”.
The Government believes better administration will yield a “minimum” 20 per cent increase in real property tax and Road Traffic Department revenues, with its anti-tobacco smuggling measures already causing “greater compliance”.
Bahamian commercial banks saw their bad loans increase by a collective $101.7 million during 2013 to hit a new record high of $1.352 billion come year-end.
Several Bahamians are poised to play key roles as Sandals Resorts International’s next tier of senior managers.
THE Government-sponsored venture capital fund is looking to expand its investments further into the Family Islands, its vice-chairman telling Tribune Business that more than 50 businesses had received funding to-date.
Exchange controls are the “single biggest barrier to economic development in this country”, a well-known doctor arguing that their removal would enable Bahamian entrepreneurs and individuals to participate in major investment projects.
There is a “legitimate risk” that a BISX-listed broker/dealer may not return funds caught up in a $340 million Ponzi scheme to their rightful owners, court documents obtained by Tribune Business have alleged.
Sandals Royal Bahamian yesterday said future guests were already calling to ask if their vacations would be impacted, as the union purporting to act for its line staff voted in favour of a strike.
BISX’s first-ever listed SMART Fund will next week seek to raise capital from wealthy Dubai investors for potential Bahamian real estate investments, a businessman yesterday expressing hope this would be a “trigger” for the construction industry.
A top realtor yesterday said he felt like “a pioneer” in his efforts to market the Bahamas to the world, as he seeks to build on his recent Chinese visit by now pitching to wealthy Middle East investors.
A senior Ministry of Finance consultant yesterday dismissed the private sector’s call for quarterly Value-Added Tax (VAT) filing and reporting, saying this “would not suit the Government’s position”.
Value-Added Tax (VAT) should not cause any “major destabilization” to Bahamian health care costs, a senior Ministry of Finance adviser said yesterday, while acknowledging that providers would ultimately have to find ways to recoup their ‘input’ tax payments.
More than 60 members of the Bahamas Financial Services Board (BFSB) packed a meeting room at the Ministry of Finance for an open discussion on the Government’s proposed Value-Added Tax (VAT).
The Bahamas would benefit the most out of four Caribbean countries from starting a direct flight between Nassau and the Brazilian city of Sao Paolo, an Inter-American Development Bank (IDB) report has suggested.
There is a “legitimate risk” that a BISX-listed broker/dealer may not return funds caught up in a $340 million Ponzi scheme to their rightful owners, court documents obtained by Tribune Business have alleged.
A well-known consultant yesterday said his planned Entrepreneurship programme is the “missing element” in the crime war, as he aims to graduate 200 ex-offenders to become business owners within six months.
A 5 per cent payroll tax administrated via the National Insurance Board (NIB) could generate $190 million in annual revenues and enjoy a more “seamless implementation” compared to Value-Added Tax (VAT), a Tax Coalition co-chair argued yesterday.
Super Value’s owner says the food chain will have to change 77,000 prices in 13 different stores to accommodate Value-Added Tax (VAT), warning that when it came to opposition to the new tax “you ain’t seen nothing yet”.