May 27, 2020
Deputy Prime Minister and Minister of Finance Peter Turnquest delivers the Budget. Photo: Shawn Hanna/Tribune staff
Stories this photo appears in:
Elite athletes’ subventions cut by just over $269,000
As expected, there will be some major changes for the Ministry of Youth, Sports and Culture in the 2020 budget that was outlined by Deputy Prime Minister and Minister of Finance Peter Turnquest in the House of Assembly last week.
Taxation out even if no recovery by end-2021
The government yesterday ruled out new and/or increased taxes to cure its fiscal woes even if the Bahamian economy has failed to recover from COVID-19 by winter 2021. K Peter Turnquest, deputy prime minister, speaking at a post-budget press conferen
‘Deficit will not lead to new taxes’
DEPUTY Prime Minister and Minister of Finance Peter Turnquest said the government does not anticipate a need for new taxes when the economy recovers from the COVID-19 crisis.
Tax breaks extended for Grand Bahama and Abaco
THE government has extended tax breaks until the end of the year to support ongoing Hurricane Dorian recovery efforts on Grand Bahama and Abaco. The Minnis administration will also reduce customs duty on fishing and farming equipment among other ite
$10bn debt blow-out 'our worst nightmare'
Private sector executives yesterday warned “our worst nightmare has come true” after the government unveiled record deficit spending that will carry the national debt past the $10bn mark by June 2022. K Peter Turnquest, deputy prime minister, told t
Parents welcome VAT holiday for school supplies
THE government’s announcement of a VAT holiday for school supplies ahead of the new term was welcomed by parents yesterday, however one department store owner does not expect the tax break to bring an increase in sales.
Comments
Use the comment form below to begin a discussion about this content.
Sign in to comment
Or login with:
OpenID