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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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An open letter on nation’s transport

Dear Prime Minister, Congratulations on your victory at the recent polls.

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Flat on our face over good service

There is a science for providing service unfortunately we talk a lot about being ‘Better and Better’ but we fall flat on our face many times when suggesting you are offering the general public a reasonable level of service.

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Restrictions remain as fourth wave dying out

WHILE COVID-19 cases and hospitalisations have declined since the start of the fourth wave, Health Minister Dr Michael Darville says the health system remains challenged and suggested no loosening of restrictions is imminent.

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Moncur issue is a distraction

The former Senator the Hon Rodney Moncur and I go back decades as community activists and influencers. He has no known public scandal attached to his name.

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GB airport: Govt ‘rolled over and played dead’

The government has “rolled over and played” dead by permitting Hutchison Whampoa to dump all its loss-making assets on the Bahamian taxpayer, a prominent attorney argued yesterday.

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‘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.”

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'Misunderstood' on gasoline VAT cap

Abaco's Chamber of Commerce president believes the Government may have "misunderstood" calls for it to cap - not cut - the amount of VAT it earns on gasoline sales in a bid to ease inflationary pressures in the Family Islands.

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IMF interest rate fears dampened

Bahamian financial analysts yesterday dampened fears of near-term interest rate hikes after the International Monetary Fund (IMF) suggested such increases may be necessary to protect the US dollar exchange rate peg.

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Deloitte hired to review $535m BPL refinance

The Government has hired Deloitte & Touche to conduct a 30-day “rapid assessment” of Bahamas Power & Light’s (BPL) massive $535m refinancing, a Cabinet minister said yesterday.

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Union chief: UoB liveable wage ‘can’t be brought in now’

The $2,625-$3,550 livable wage suggested by a University of the Bahamas study “cannot be implemented at this time”, a trade union leader argued yesterday, adding: “We’ve got to keep the hen that lays the eggs.”

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No ‘willful wrongdoing’ says Cartwright

SHANENDON Cartwright has said that as former chairman of the Bahamas Public Parks and Public Beaches Authority, he took directives “from higher authorities” while denying that he ever took part in any willful wrongdoing.

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45-year sentence for murder affirmed by Court of Appeal

THE Court of Appeal has affirmed the 45-year prison sentence of a man who was convicted of killing his father two years ago.

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Papers, please

Suggestion: A combination card that holds three sets of information of each Canadian Citizen:

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New govt ‘found no manuals or regulations in place’ relating to Public Procurement Act

MICHAEL Halkitis, Minister of Economic Affairs, said the Davis administration found in place no manuals or regulations relating to the Public Procurement Act when it came to power, suggesting this has affected the government’s ability to comply with the key legislation.

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University of The Bahamas still not up to date with financial statements

UNIVERSITY of The Bahamas is still not up to date with audited financial statements as required by law, something UB’s chair Allyson Maynard-Gibson suggested has been an impediment to the institution’s fundraising capacity.

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Latest murder victim found slumped over in his vehicle

A MAN was found slumped over in his vehicle with gunshot wounds on Palm Tree Avenue last night.

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Down the barrel of a gun

A MAN was arrested yesterday shortly after an individual drove by a house and fired several shots while shouting threats of death in what Acting Commissioner of Police Clayton Fernander yesterday suggested was an act of retaliation.

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BISX targets 2021 crowdfund launch

The Bahamas International Securities Exchange (BISX) plans to launch into the crowdfunding space in 2021, its top executive confirmed yesterday, suggesting it will happen “sooner rather than later”.

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Abuse not an excuse to alter Dorian tax breaks

Abaco’s Chamber of Commerce president yesterday urged the Government not to use abuse of Hurricane Dorian-related tax breaks as an excuse to narrow or prematurely end his island’s “special economic zone” status.