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The Water and Sewerage Corporation (WSC) has implemented an intensive Inter-American Development Bank (IDB) loan-funded programme, in a bid to improve overall service levels and put it on the path to financial sustainability.
The Grand Bahama Shipyard’s (GBS) chairman and chief executive applauded his employees at their annual review and Christmas luncheon last week, saying: “We are doing more than we ever dreamed of.
A union’s claim to have ‘right of first refusal’ over all Water & Sewerage Corporation outsourcing initiatives, including the multi-million dollar Windsor water plant contract, were yesterday branded as “nonsensical”.
Close to 60 per cent of the 48 offences listed by the draft Value-Added Tax (VAT) Bill fall into the ‘very serious’ category, a well-known accountant yesterday warning Bahamians to “psychologically” prepare themselves for a new “culture of compliance”.
Unsuspecting jobless Bahamians are being lured into lured into money laundering schemes primarily through ‘Help Wanted’ advertisements placed in the newspapers, a Senator said yesterday, noting this trend was increasing.
A leading accountant yesterday called for the proposed Value-Added Tax (VAT) enforcement unit to be made “quasi-governmental”, on the grounds such a move could reduce political interference.
The Bahamian hotel industry wants a 10 per cent Value-Added Tax (VAT) rate to be applied to it “across the board”, Tribune Business was told yesterday, with the sector working “aggressively” to ensure tax reform does not undermine its competitiveness.
A corporate income tax may be a simpler Value-Added Tax (VAT) alternative than the personal variety, an accountant said yesterday.
Most local economists have projected that 2014 is expected to be the best year for the Bahamas since the recession hit in 2007-2008.
Callenders & Co’s youngest partner has been named as one of the Bahamas’ top five asset recovery attorneys by the International Who’s Who of Business Lawyers.
Bahamas Speed Week participants slowed down this week with a Monday excursion to Exuma’s Grand Isle Resort & Spa.
THE Ministry of Financial Services has teamed with the Bahamas Institute for Financial Services (BIFS) ito roll-out two internationally endorsed courses in taxation and corporate finance in January 2014.
The mastermind behind a $340 million Ponzi fraud allegedly “caused” a BISX-listed firm’s broker/dealer affiliate to issue “fabricated financial information” that resulted in the value of investors’ holdings being overvalued by almost $149 million.
The private sector’s proposed Value-Added Tax (VAT) alternatives will not generate “the revenues we need” for a fiscal turnaround, a former finance minister argued yesterday, warning: “We’re running out of time.”
Uncertainties related to Value-Added Tax (VAT) may prevent Bahamian insurers from passing reinsurance savings on to consumers via reduced property and casualty insurance premiums.
RoyalStar Assurance’s 2013 performance is on target to match last year’s $4 million bottom line, its managing director yesterday telling Tribune Business its new JFK Drive headquarters showed the firm was “here to stay”.
Cumbersome property registration and business licensing requirements are “deterring private investment”, the Inter-American Development Bank (IDB) has warned, while court costs associated with contract enforcement are equivalent to almost 30 per cent of claim value,
WHILE the local market for Bahamian art work is still relatively small but “growing”, the National Art Gallery’s director said there was the potential for “exponential growth outside these borders”.
RUBIS is set to complete its aggressive $1.3 million network re-branding in the Bahamas by year’s end, a company executive said yesterday, as it moves to tie-up some “loose ends” in the Family Islands.
THE Government’s fiscal turnaround plans are starting to “bear fruit”, the minister of state for finance yesterday pointing to the almost 50 per cent cut in its first quarter deficit year-over-year.
What is the difference between art and craft? This question is not new, as the boundaries between craft and art have long been contested. I believe that to define anything as either art or craft may seem iniquitous when, in fact, both are on a spectrum that can be described as ‘skill’ or ‘Talent’.
With the draft Value-Added Tax (VAT) Bill out for consultation, it is appropriate to consider the experience of other countries on the subject.
The Bahamas will suffer another credit rating downgrade within the next six-nine months unless it “follows through” on Value-Added Tax (VAT) or some other structural revenue reform following the 2014-2015 Budget.
The Inter-American Development Bank (IDB) has criticised the Government’s debt management strategy, warning that its reliance on domestic investors to cover a $1.2 billion financing gap would “likely be more expensive” and create an increased fiscal burden.
Johnny Canoe’s principal has returned to the restaurant business with venture that has created 20 jobs, telling Tribune Business he aimed to make it “just as good and hopefully better” than the well-known eatery where he made his name.