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Davis says former govt planned to go to 15 percent
WHILE outlining plans to steer the country in a new direction, Prime Minister Philip “Brave” Davis insisted the former government planned to increase value added tax to 15 percent.
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‘Glaring’ Dorian non-compliance drives Building Code overhaul
The Government is pressing forward with upgrades to the Bahamas Building Code after “glaring” non-compliance was found to have worsened Hurricane Dorian’s devastation, it was revealed.
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‘15 percent VAT was not considered’
FORMER Prime Minister Dr Hubert Minnis yesterday said his administration never considered increasing value added tax to 15 percent and in fact never saw the International Monetary Fund report which said such an increase might be necessary.
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PM: VAT refunds were disguised to blame PLP
The Prime Minister yesterday accused the former Minnis administration of disguising millions of dollars in VAT refunds as unpaid “arrears” that could be blamed on a former PLP administration.
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Bahamas’ $35m airport funding IDB’s worst loan
A Cabinet minister yesterday revealed that the Inter-American Development Bank (IDB) has branded $35m provided to The Bahamas as its “worst performing loan in the region”.
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Man found dead at wheel of his car
POLICE are investigating after a man was found shot dead in the driver’s seat of a running car on Hospital Lane last night.
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Tourism relief: Biden doesn’t kill Christmas
The Bahamian tourism industry yesterday voiced relief that the US chose not to impose harsher COVID border restrictions that would have undermined the peak Christmas/New Year season.
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‘Make all visitors take PCR not antigen test’
FORMER Health Minister Dr Duane Sands believes the government should move away from rapid antigen testing and instead require all travellers seeking to enter the country to produce a negative RT-PCR test in response to heightened concerns over the Omicron variant.
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D-backs add Robinson to 40-man roster
KRISTIAN Robinson’s path to a possible return to the field just became a bit clearer for the 2022 season. The Arizona Diamondbacks added Robinson to their 40-man roster and he will be protected from selection in next month’s Rule 5 Draft.
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Ex-PM’s VAT attack ‘ignorant’ of advice
The former prime minister’s attack on VAT’s reapplication to breadbasket foods and medicines was yesterday branded “naive” and “ignorant of the advice” given to his administration.
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FNM leader ‘will hold govt’s feet to the fire’
NEWLY appointed Official Opposition leader Michael Pintard yesterday pledged to hold the government’s feet to the fire and make legislative recommendations geared towards strengthening the country’s democracy and creating equal opportunities for all Bahamians.
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‘Clean up mess in construction’
The Bahamian Contractors Association’s (BCA) president yesterday said the industry is optimistic that the Davis administration will take the final steps to “help clean up the mess” in construction.
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Minnis: Cruise giant’s PI lease is too long
Dr Hubert Minnis yesterday tacitly admitted that the effective 150-year Crown Land lease granted to Royal Caribbean on Paradise Island was too long as he sought to defend the deal.
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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.
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Halkitis hits out at FNM over VAT Bill amendment
MINISTER of Economic Affairs Michael Halkitis accused the Free National Movement of continuing to “peddle its misguided tax policy” by trying to pass a last-minute amendment to the government’s Value Added Tax Bill in the House of Assembly last night.
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‘Total devastation’ if VAT was put at 15%
Super Value’s principal yesterday said increasing the VAT rate to 15 percent would have inflicted “total devastation on the economy” with food prices set to rise 10-15 percent in the New Year.
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Fishermen urged to respect Nassau grouper season end
Bahamian fishermen were yesterday urged to respect the Nassau Grouper’s closed season and focus on other species so that fisheries stocks can replenish.
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New COVID variant sparks restrictions
IN response to the new Omicron variant, the government announced yesterday it will impose travel restrictions against several African countries, including Botswana and Zimbabwe.
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Banks report ‘fourfold’ fraud attempt growth
The Bahamas can stand “shoulder to shoulder” with any country on the strength of its anti-financial crime regime, the Central Bank’s governor said yesterday, as banks reported a “fourfold” rise in fraud attempts.
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‘Sacrifices’: Bahamians drag feet on retirement
Too many Bahamians face having “to make sacrifices” because they wait too long to build-up sufficient savings to finance their retirement, a local banker warned yesterday.