EDITOR, The Tribune.
On September 24th, just a few days after the election, we heard the news that the financial Agency - Moody/5 - had seriously downgraded The Bahamas. On September 24th, the National debt stood at $10.35 billion, plus days of 0.13 million and ticking.
Has the new Government put in place the “Revenue Enhancement Unit”... a basically easy exercise for a group of clerks who will go through the long lists of persons who have arrears in taxes and call them on the telephone... an easy one-two-three could have been done in the first week.
Real Property the same the high end personal or commercial property those arrears must be paid and, Editor, please no concessions-discounts because your friend you knew for years you owed pay up with half the appropriate provided for penalties.
This thing... Sports in Paradise... sporting events on an international level should not be even thought about if they do not have a considerable component that will guarantee beds in hotels — AirBnBs... simply put if no visitors don’t fund it’s a waste of time. Oh, yes, there is an emotion over the IAAF relays and the Bahama Bowl, American Football, but in both cases the bleachers of Thomas Robinson were basically empty and the cameras showed it.
Looking again at the pre-election Manifesto of the PLP another interesting item. “Lower imports through buy local initiatives”...
Editor, Black Friday —thanksgiving coming up let’s see how serious is the Government on limiting imports....shopping ‘till you drop by residents in Miami...let’s see. Minnis & Co allowed the returning resident $1000.00 a year Duty Free and on top have Duty Free and VAT free concessions through Over the Hill..... double-dipping with no compensation for the loss of Revenue ain’t too sensible.... Let’s hope pre-Black Friday serious adjustments will be put in place so the Treasury does not lose out again.... Let’s see if Government is serious...it’s easy to write Manifestos, but let’s see if you will implement.
October 28, 2021.