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$1M question for web shops
WITH public concern growing that the government is allowing web shop chiefs to “get off with a slap on the wrist,” Prime Minister Perry Christie said his administration’s initial decision to impose a $1 million licensing fee might be reconsidered.
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‘No guarantees’ for web shops
Web shop operators were yesterday said to be “very concerned” over the uncertainty and lack of any guarantees surrounding the industry’s impending legalisation.
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Gov’t, web shops at odds on ‘back taxes’
The Government and web shop industry are at odds over how the sector’s ‘retroactive taxes’ are to be calculated, with the proposed method seen as “inconsistent” with both the Gaming Act and international norms.
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JUST IN: Court of Appeal judges dismiss web shops' appeal
The application filed by attorneys representing web shops was just dismissed by the Court of Appeal.
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Web shop economic impact
It is very interesting that few, if any, of those persons who complain about the depressed state of the Bahamas economy, consider the impact that the web shops have, and continue to have, in this regard.
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Gov’t eyes $100m duty-free shopping
Businesses participating in the Government’s duty-free shopping scheme are generating close to $10 million a month in tax-exempt sales to tourists, the Financial Secretary said yesterday.
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The referendum on web shops
BEFORE we all forget didn’t the PLP in 2013 call us to a referendum on Web Shops and whether we wanted a National Lottery?
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Lottery terms need defining and the web shops could help
A prominent web shop operator said yesterday the parameters of what would constitute a national lottery need to be clearly defined as the term is ‘very vague’, arguing such schemes have not proven to be successful in the Caribbean.Craig Flowers, the
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For the love of shopping
A NEW party event created by Bahamian Monique Brown caters to the demands of self proclaimed “shopaholics”.
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Web shops agree to pay Freeport Business Licences
Web shop operators have agreed to pay the Government retroactive Business Licence-type taxes on their Freeport operations despite believing they are ‘exempt’ from such levies under the Hawksbill Creek Agreement.
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Web shop bosses warn govt over illegal operators
BETWEEN 20 to 30 per cent of operators in the web shop industry are operating illegally, robbing the government of potential revenue while threatening to mar the efforts that have been made to legitimatise the industry, web shop bosses say.
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A COMIC'S VIEW: Life’s razor sharp at the barber’s shop
THIS week’s column is for my barber Leon, and barber shops world wide, the last bastion of free speech and unfiltered humour!
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Web shops hand out $100m in unregulated mortgages
The web shop industry has issued close to $100 millionworth of mortgages that are outside the Central Bank’s regulatory purview, a leading consultant to the industry yesterday adding that this was costing commercial banks $500,000 in fees per annum.
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BOB gains webshop deposit ‘clearance’
Bank of the Bahamas yesterday confirmed it had received “clearance” from its US correspondent bank to accept deposits from a legalised webshop gaming industry, thus clearing a major obstacle to achieving a key Government policy objective.
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Web shop gaming moratorium ‘stinks’
The Democratic National Alliance’s (DNA) leader says the 10-year moratorium on new web shop gaming licenses “stinks”, branding it anti-competitive and accusing the Government of pandering to ‘special interests’.
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Web shops spark 'blacklist' fear
A top banker yesterday warned the Bahamas risks being ‘blacklisted’ again by the G-20 nations due to the potential money laundering risk presented by the web shop gaming industry.
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Web shops: Banks 'fell down big time'
WEB shops have filled the money transfer void because commercial banks “fell down big time”, a Chamber of Commerce director is arguing. Roderick Simms, chair of the Chamber’s Family Island division, told Tribune Business that the banks failed to pro
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Web shops
The government has released regulations concerning web shops and I wish to share with you a few of them, along with some information I have researched in Abaco:
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Pastors rent to numbers house boys
Some weeks back I saw a missive penned by a group of pastors that expressed disapproval of the appointment of a web shop gaming mogul by the Free National Movement government to a diplomatic post.
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Galanis: Web shops are legal
VOTE “Yes” coordinator Phillip Galanis said yesterday web shops are legal entities and should remain open despite Bahamians’ overwhelming “no” vote in Monday’s gaming referendum.
