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Pintard: Govt needs to speak with one voice on VAT
FNM leader Michael Pintard says the government needs to clarify its position at the cabinet level on reducing Value Added Tax (VAT) on breadbasket items.
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Demand leaves chicken farmer short on supplies
An Abaco poultry farm yesterday said it is “selling out” of chickens as demand has the farm “running out of supplies every month”.
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‘I struggled with breadbasket VAT decision’
ENGLERSTON MP Glenys Hanna Martin admitted yesterday that she struggled with the Davis administration’s decision to return value added tax to breadbasket items, adding that she hoped all food items would be free of the tax one day.
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Investment protection focus for digital assets regulation
The Securities Commission’s top executive has foreshadowed the roll-out of more digital asset regulations as it begins focusing on “investment protection” in the cryptocurrency space.
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Gas stations hope for industry ‘modernising’
Gas station dealers are hoping the Government will either agree to a margin increase or “modernising” the industry’s structure, with a solution agreed before the 2022-2023 Budget is unveiled in just over three weeks’ time.
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Potter’s Cay vendors: We need $48k for deck pilings
Six fire-ravaged Potter’s Cay vendors still need the extra $48,000 previously set aside for waterside pilings so they can reconstruct their decks, their Association president said yesterday.
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Confusion over need for approvals over Potter’s Cay rebuild
A Cabinet minister said if Potter’s Cay vendors want to rebuild their stalls in the water they would have to get permission from the Department of Environmental Planning and Protection (DEPP).
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Davis dismisses claims of conflict of interest over Rodney Moncur appointment
PRIME Minister Philip “Brave” Davis questioned how Rodney Moncur’s appointment as a “violence interrupter” in the Ministry of National Security could be considered a conflict of interest, adding he viewed the talk show host as someone who understood inner-city communities.
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Gov’t committed over liveable wage pledge
A Cabinet minister yesterday said the Government remains committed to “eliminating” the minimum wage and replacing it via a so-called “livable wage”, with legislation to give effect to this due to be released later this year.
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Ayton leads Suns past Mavericks
PHOENIX (AP) — Deandre Ayton scored 25 points, Devin Booker added 23 and the top-seeded Phoenix Suns rolled to a 121-114 win over the Dallas Mavericks last night in Game 1 of the Western Conference semifinals.
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PM HITS BACK ON BREADBASKET VAT – while Watson claims tax reintroduction does not hurt consumers
PRIME Minister Philip “Brave” Davis told his predecessor yesterday to take his own advice, as he hit back over new criticisms levelled at his administration over its refusal to remove value added tax from breadbasket items.
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‘Foolhardy’ if BISX to neglect digital assets
The Bahamas International Securities Exchange (BISX) is “actively pursuing opportunities” in digital assets, its chief executive disclosed yesterday, adding: “We’d be foolhardy to do otherwise.”
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‘Reclaiming lost ground’: Gov’ts digital asset plan
The Bahamas has “an incredible opportunity to reclaim lost ground and be part of finance’s new frontier”, digital asset specialists argued yesterday, as they hailed the Government’s release of its “vision” for the $3trn industry.
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Sands: Poor sacrificed ‘on tax efficiency altar’
The FNM’s chairman yesterday accused the Government of driving more Bahamian families into poverty, and sacrificing them “on the altar of tax efficiency”, by refusing to eliminate VAT on medicines and breadbasket foods.
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Cat Islanders target July in airport revival proposal
Cat Island stakeholders are aiming to present a proposal to upgrade Arthur’s Town airport and other critical infrastructure to the Government by this July, it was revealed yesterday.
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‘We buried hatchet’ over retail closure
Super Value’s principal has revealed he and his family “bit the bullet” in closing their loss-making Harbour Bay housewares retailer, adding: “We were fighting a losing battle so we buried the hatchet.”
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‘TAX THE RICH’ – Minnis: Charge wealthy property buyers and scrap breadbasket VAT
FORMER Prime Minister Dr Hubert Minnis yesterday suggested that the government increase taxes on wealthy property buyers and eliminate value added tax on breadbasket items to alleviate the burden on struggling Bahamians.
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Governor raises reserves forecast as $3bn beaten
The Central Bank yesterday raised its year-end forecast for The Bahamas’ external reserves holdings after they started May above $3bn following a $523m expansion during the first three months of 2022.
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One thousand Gov’t staff to be permanent
A Cabinet minister yesterday said the Government is aiming to make 1,000 public sector workers permanent and pensionable, having set aside $2m to cover back pay owed to civil servants.
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Airlift top priority for South Andros
The South Andros Chamber of Commerce president yesterday said improving airlift to the island remains the highest priority for its economy.
