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Clubs & Societies June 23rd, 2023
After a three-year gap because of COVID-19, the 16th Summer Day Camp returns with daily sessions from 9am to 4pm, August 8-18.
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Jonquel, Liberty look to bounce back after Sunday’s loss to Sky
BAHAMIAN Women’s National Basketball Association (WNBA) player Jonquel Jones and the New York Liberty will look to bounce back from this past weekend’s loss against the Chicago Sky.
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Gov’t striving to re-open Lucayan’s Breaker’s Cay
The Government has taken a "show me the money" approach with potential Grand Lucayan buyers at it works to open another part of the resort complex to support increased airlift to Grand Bahama, it was revealed yesterday.
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Undefeated Cybots beat Crimestoppers
WITH the Bahamas Government Departmental Basketball Association (BGDBA) season winding down, the undefeated Bain and Grants Town Cybots dropped the Police Crimestoppers 88-81 this past weekend.
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Jonquel, Liberty advance to WNBA playoff semifinals
WOMEN’S National Basketball Association (WNBA) player Jonquel Jones posted her second straight double double to complete the 2-0 sweep against the Washington Mystics last night.
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Corporate income tax is 'wrong way around'
The Opposition's finance spokesman yesterday argued that The Bahamas has corporate income tax "the wrong way around" because the proposed reform options are forecast to suck "more money" from the private sector via taxation.
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OceanGate had MOU with UB but never collaborated
THE University of The Bahamas said it signed a memorandum of understanding with OceanGate, the company behind a missing submersible that has captured headlines worldwide, but never collaborated with the company on any project.
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Corporate income tax for Bahamas ‘mammoth task’
A leading Bermuda accountant yesterday warned The Bahamas that implementing a corporate income tax regime is a “mammoth task” that should not be underestimated.
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‘Burden cannot be heavier with corporate income tax’
Corporate income tax must not impose a heavier tax burden on businesses than what already exists, private sector executives are warning, while urging that such proposed reform cannot be viewed in “isolation”.
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Gov’t told: Avoid ‘piecemeal approach’ over tax reforms
The Opposition’s leader yesterday urged the Government to avoid “a piecemeal approach” to reform in the FNM’s response to the corporate income tax proposal, warning: “We have a very small margin for error.”
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Former Governor General CA Smith hospitalised
FORMER Governor General Sir Cornelius Smith was hospitalised yesterday.
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Wins for the Elite Ballers, Sand Dollar Lady Flyers
THE New Providence Women’s Basketball Association hosted a pair of games on Saturday at the DW Davis Gymnasium with the Elite Ballers and the Sand Dollar Lady Flyers prevailing.
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Jonquel Jones leads New York to first WNBA Finals in 21 years with victory over her former team
UNCASVILLE, Conn. (AP) — Breanna Stewart and Jonquel Jones have New York back in the WNBA Finals for the first time in more than two decades.
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CORPORATE TAX PLAN REVEALED: Govt favours proposal of 10-12 percent rate for most businesses
The Government is leaning towards reforms that will see most Bahamas-based businesses pay a "modest" corporate income tax of either 10 or 12 percent with the only exception being small firms earning less than $500,000 annually.
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New home listings surge 1,025% on ‘right-sizing’
New home listings in the major Bahamian islands increased by 1,025 percent year-over-year for the 2023 second quarter, a major realtor disclosed yesterday, amid signs it is “slowly turning to a buyer’s market” after a “bonkers” post-COVID.
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BGDBA Playoffs: Cybots and Avengers go up 1-0 in first round
The Bain and Grants Town Cybots and Airport Authority Avengers nabbed the first wins in their round one playoff matchups.
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Wildcats to face Tigers in Battle 4 Atlantis finale
The Villanova University Wildcats snuck past the North Carolina Tar Heels in an 83-81 overtime thriller to advance to their third Battle 4 Atlantis finals yesterday at the Imperial Arena, Paradise Island.
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Revenue surge to $274m via corporate tax switch
The Government could near-double pre-COVID business taxation revenues if it were to implement a 15 percent corporate income levy across-the-board on all entities bar those generating less than $500,000 in annual turnover.
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Corporate tax plan 'dead on arrival' unless wider reform
The Government's corporate income tax consultation will be "dead on arrival" if it does not involve a "holistic" approach to comprehensive Bahamian tax reform, a prominent banker warned yesterday.
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‘Don’t price ourselves out’ on corporate income tax
Bahamian realtors yesterday said data showing they enjoy near-40 percent gross profit margins is “skewed very far off” as they urged the Government “to be careful we don’t price ourselves out of the market” over corporate income tax.
