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A top QC has warned it will be “very dangerous” for the Government to impose Value-Added Tax (VAT) without widespread public support, as it was “not the right fit” for the Bahamas at this time.
BAHAMIAN retailers looking to boost sales with their own version of the popular American ‘Black Friday’ tradition have reported a noticeable uptick in business, one telling this newspaper that business had picked up as much as 50 per cent due to the promotion.
Resorts World (Bimini) is not anticipating any delays to the dredging schedule for its cruise terminal and pier project, despite the undertakings given at last week’s Judicial Review hearing.
Scotiabank (Bahamas) will soon have to appoint a new managing director, after Kevin Teslyk, confirmed his departure to Tribune Business.
With international business and cross-border transactions increasing dramatically, a partner in a Bahamian law firm said it is critical for local attorneys to keep pace with legal precedence, trends and changes in other jurisdictions.
Fixed-line number portability will finally launch in the Bahamas today, after regulators granted both Cable Bahamas and the Bahamas Telecommunications Company (BTC) their Certificates of Readiness.
Cable Bahamas yesterday confirmed its inability to go head-to-head on cellular services with the Bahamas Telecommunications Company (BTC) influenced the $100 million Florida expansion, the final acquisition for which closed yesterday.
The Government should “within the next week” receive recommendations as to who the preferred Bahamas Electricity Corporation (BEC) bidder(s) should be, Tribune Business was told yesterday.
Resorts World (Bimini) yesterday promised not to do any dredging for its proposed ferry terminal before December 16, a development that was hailed as “a great victory for the environment and Bimini”.
The Government was yesterday said to be “very receptive” to proposals for ‘pre-approving’ first-time home buyers for the Stamp Duty exemption, and already moving to ensure all parties understood how the incentive was to be applied.
Bahamian realtors were yesterday said to be “very concerned” over a contract they are being required to sign by a Canadian-headquartered company that is taking over the appraisal management process for Scotiabank (Bahamas) and Royal Bank of Canada.
Grand Bahama Port Authority (GBPA) and Grand Bahama Development Company (Devco) executives welcomed Mohamed Abdulla Al-Rumaihi, Qatar ambassador and special envoy to the Bahamas, during his first official visit to the island.
The Bahamas National Trust (BNT) yesterday backed the Government’s decision to again close the Nassau grouper season, in a bid to preserve a species whose population has declined by 60 per cent over the past three decades.
By Ian Ferguson
By Simon Cooper
A well-known businessman yesterday suggested the Bahamas implement a small capital gains tax on property transaction profits, as he warned the Government not to “pile” its National Health Insurance scheme on top of Value-Added Tax (VAT).
The Bahamas Real Estate Association’s (BREA) president yesterday met with a key Cabinet Minister to propose a ‘pre-approval’ process for first-time buyers seeking the Stamp Duty exemption, something he described as a potential “game changer” for the industry.
A top trade unionist yesterday backed the Court of Appeal’s decision to overturn a verdict granting every Bahamian worker an extra week’s paid vacation annually, as the “great expense” would have forced many businesses to close.
Satellite Bahamas has asked the US courts to give it more time to respond to DIRECTV’s document discovery demands, due to the fact it is located in a foreign country and the delays caused by the Thanksgiving holiday.
The Tax Coalition’s co-chair yesterday blasted as “absolutely ridiculous” the three-four week timeframe it has been given to analyse the Government’s own Value-Added Tax (VAT) modelling, suggesting this showed it was not serious about consulting the private sector on tax reform.
Have you ever had a file on your computer that was so ridiculously large it was all but impossible for you to send it to a friend as an e-mail attachment?
Mario Carey Realty (MCR) is going the extra mile – 3,840 miles to be exact - to attract buyers to the Bahamas.
The Bahamas Financial Services Board (BFSB) and industry stakeholders yestertday hosted an introductory session on captive insurance, responding to interest expressed by the industry.
A 70-acre eastern New Providence real estate development yesterday unveiled a smart phone app as its latest marketing tool.
A newly-established ‘pay day’ lender yesterday said it had received “an overwhelming” demand for its services prior to Saturday’s opening, with more than 100 pre-registration forms received.