December 5, 2018
FINANCE Minister K Peter Turnquest.
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DPM and Opposition renew fiscal quarrel
The deputy prime minister and his Opposition counterpart yesterday renewed their verbal battle over whether the Government will hit its 2018-2019 fiscal objectives.
Govt boosts minority investor protections
THE Government yesterday unveiled multiple legislative changes to boost minority investor protections and enhance the competitiveness of the Bahamian capital markets.
DPM: We won’t allow any crypto asset ‘disasters’
THE DEPUTY Prime Minister yesterday said the government aims to prevent “disastrous situations” by imposing proper regulation for cryptocurrency assets and related instruments.
‘Raising VAT not on our agenda’
FINANCE Minister K Peter Turnquest insisted yesterday the government has no intention to increase value added tax as speculation persists that a hike maybe featured in the impending 2019-2020 budget presentation. He called the claim an unfortunate rumour.
DPM: PLP will take us ‘back to fiscal future’
The deputy prime minister says “every Bahamian should be worried” that the PLP will take the country “back to the future” by overturning recently-enacted fiscal disciplinary measures.
‘A number of audits have been completed’
FINANCE Minister K Peter Turnquest said yesterday “a number” of forensic audits into government corporations and departments have been completed and tabled in the House of Assembly.
Business Licences calculated on VAT revenue from 2020
Business Licence fees will be based on “positive VAT-rated revenue” from 2020 onwards in a move that “removes some of the ambiguity” surrounding how they are calculated.
We'll avoid financial blacklisting, says Turnquest
THE Minnis administration is confident it has done everything necessary to avoid a financial blacklisting, according to Deputy Prime Minister K Peter Turnquest.
‘We need to know source of the money’
FINANCE Minister K Peter Turnquest defended government’s intention to legislate non-profit organisations insisting yesterday the Minnis administration is simply seeking to ensure transparency while safeguarding the country against international risks.
Business ‘choke point’ withdrawn
The Government yesterday retracted a private sector “choke point” by moving to eliminate the need for companies to supply “certified bank statements” with business licence filings.
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