October 28, 2021
Kwasi Thompson
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IMF: New, increased taxes a must for 25% revenue target
The International Monetary Fund (IMF) yesterday subtly signalled that The Bahamas must introduce new and/or increased taxes to hit fiscal targets that include a 25 percent revenue-to-GDP ratio before the next general election is due.
New tax measures to bridge ‘gap’ over Gov’ts extra $1.3bn
The Government will bridge the “gap” to its $1.3bn revenue increase with “additional measures” in the upcoming mid-year Budget as it faces criticism for “very extreme” fiscal forecasts.
Gov’t ‘burying their head in sand’ on global tax threat
A former Cabinet minister yesterday accused the Davis administration of “burying their head in the sand” to The Bahamas’ “detriment” on global tax moves that threaten to impact this nation.
Thompson: Economic performance improved from July to September
EAST Grand Bahama MP Kwasi Thompson is adamant that the former Minnis administration’s policies were working, pointing to increased revenues between July to September.
‘Revenue rise fruit of FNM’s policies’
FORMER State Minister for Finance Kwasi Thompson said the former Minnis administration’s fiscal strategy is bearing fruit, citing a recent report that found that revenue performance surpassed $550 million in the first quarter of the fiscal year 2021/2022.
Pintard stands out in early FNM running
MICHAEL Pintard is the name that stands out for leadership of the Free National Movement after many FNMs spoke to The Tribune on and off the record declaring their support for that candidate.
‘Not every liability must be disclosed’
A former Cabinet minister yesterday hit back at the Prime Minister’s assertion of a “$1bn” fiscal omission by the Minnis administration, saying: “Not every liability must be disclosed.”
Thompson: Poorest will be hardest hit by VAT change
FORMER State Minister for Finance Kwasi Thompson said the Davis administration will be hurting the most vulnerable people in society when it reintroduces value added tax on breadbasket items.
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