September 18, 2012
Zhivargo Laing
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Ex-finance minister says income tax 'stable' choice
An ex-minister of state for finance yesterday backed income tax as a more "stable" and equitable alternative to the present regressive structure that is dominated by VAT and import duties.
Ex-FNM minister: 6% unemployment rate 'improbable'
The prime minister’s pledge that the unemployment rate will be slashed to a 21st-century low of six percent within 18 months was yesterday branded “highly improbable” by an ex-FNM Cabinet minister. Zhivargo Laing, former minister of state for financ
Laing: Follow successful countries on immigration
FORMER State Finance Minister Zhivargo Laing told The Tribune that just as successful countries in the world have benefitted from the influx of progressive and productive immigrants, so can The Bahamas.
Laing: Immigration can boost economy
FORMER State Minister for Finance Zhivargo Laing believes that the country should look at its immigration policy as a means of bringing new economic injection in The Bahamas.
Laing: VAT timeline 'not doable'
THE Bahamas must develop a tax structure “that suits us” according to an ex-FNM Finance Minister, who said that the Government should “rethink” its plan to introduce a 15 per cent Value Added Tax in mid-2014.
Extending BTC monopoly will 'harm Bahamians'
Extending the Bahamas Telecommunications Company’s (BTC) cellular monopoly will “be harmful to the Bahamian economy and the Bahamian people”, a former Cabinet Minister warned yesterday.
Ex-minister positive over US reform plans
PROPOSED US immigration reforms could have positive implications not only for Caribbean nationals living in the US but also their home countries, a former Bahamian Cabinet minister believes. “The reforms that offer a pathway to citizenship might be applicable to thousands of Caribbean nationals who have spent years living and working in the US, and might be deemed entitled to regularisation as citizens,” said former minister of state for finance Zhivargo Laing.
Laing slams 'reckless, crazy' Gov't spending
The Government is using alleged commitments left behind by the former Ingraham administration as “cover for its reckless, crazy” spending since the May 2012 general election, an ex-FNM finance minister has charged.
FNM: No successor for Laing chosen yet
THE Free National Movement is still in the process of consulting on who will replace Senator Zhivargo Laing when his resignation takes effect at the end of the year.
Laing departure 'nothing to to with leadership of FNM'
ZHIVARGO Laing’s decision to leave the Senate had nothing to do with the leadership of the FNM, party insiders revealed yesterday.
Threefold short-term debt rise'too much'
By NEIL HARTNELLA former state minister for finance yesterday blasted the Government’s plan to increase its short-term debt limit three-fold as “alarming” and “too much”, suggesting to Tribune Business the move had resulted from this administration’s spending excesses.
S&P outlook slash was ‘not inevitable’
An FNM Senator yesterday said Wall Street’s latest outlook downgrade for the Bahamian economy was “not inevitable”, and could have been prevented if the Christie administration had taken proactive action to tackle this nation’s fiscal crisis
Laing concern at debt inaction
FNM Senator Zhivargo Laing has criticised the government for “not showing any willingness” to tackle the country’s present financial situation and a predicted deficit of more than $500m.
Over 41,000 Bahamians not working, given up
More than 41,000 Bahamians are either unemployed or have given up looking for work, with an FNM Senator yesterday conceding that the economy’s ability to “put a sizeable dent” in these figures “does not exist in the short to medium-term”.
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