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BBSQ develops mobile metrology lab with aims to improve measurement standards
A MOBILE metrology lab - aiming to improve measurement standards - has been developed by the Bahamas Bureau of Standards and Quality (BBSQ).
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Cruise giant slashes PI buildings by 24k sq ft
Royal Caribbean has pledged to reduce the size of building structures for its $100m Paradise Island project by a combined 24,000 square feet while "building the least amount of infrastructure as possible".
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'Impossible situation' fear on FTX Bahamas wind-up
FTX Bahamas' liquidators yesterday warned they will be placed in "an impossible situation" if they are forced into a "never-ending" legal battle with their US counterparts as operating cash has dwindled to less than $1m.
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Sensei Shawn Smith says karate tournament was a great success
THE Bassai Bahamas Karate-Do hosted the second edition of the open karate tourney/Bahamas Karate Championships this past weekend at the Kendal G L Isaacs Gymnasium.
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Bahamas Karate Championships get underway on Saturday
THE Bassai Bahamas Karate-Do will host the second edition of the open karate tourney this weekend at the Kendal G L Isaacs Gymnasium.
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FACE TO FACE: Sir Franklyn Wilson & Sean McWeeney discuss The Bahamas’ 50th Independence
IN the very room where young college and university students brought political leaders together to debate prior to Bahamian Independence, two of these former youth leaders sat on a stage more than 50 years later to talk about the ideals that led to the formation of a new Bahamas.
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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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PM highlights incentives for corporate tax
PRIME Minister Phillip “Brave” Davis highlighted incentives for The Bahamas to introduce a corporate income tax yesterday, noting that multinational companies could face a “top-up tax” in their base country if The Bahamas does not conform with the global minimum tax push.
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PM: We might as well get 15% corporate tax revenue
The Prime Minister yesterday extended the corporate income tax consultation period by almost two months to end-August 2023 as he reassured that the Government has not decided upon "any particular policy action".
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Corporate tax certainty 'vital' to Freeport future
Grand Bahama's Chamber of Commerce president yesterday said it was "vital" to business certainty and investor confidence that Freeport gain clarity on whether, and how, corporate tax will be implemented in the Port area.
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Bank shrugs off $2.8m fee rise to 'beat target by 54%'
Commonwealth Bank yesterday revealed its $19.58m first quarter profits "exceeded expectations by 54 percent" despite having to contend with a more than one-third year-over-year increase in licence fees.
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Corporate tax 'driven' by revenue demands
The Government's corporate income tax proposal is "driven" by the need to increase revenues and could "be a gateway" to further progressive reforms that ultimately include a personal income tax, a governance reformer said yesterday.
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Real estate faces greatest corporate tax burden rise
Real estate firms will experience the highest increase in their tax burden for each of the four corporate income tax options that the Government is proposing as replacements for the turnover-based Business Licence fees.
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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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Pintard slams PLP on tax - but govt says FNM signed up to it
THE Office of the Prime Minister and Free National Movement leader Michael Pintard traded volleys yesterday after the government released its green paper on corporate income tax options.
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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 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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Basketball standout Richard Lowe commits to Northwood
AFTER leaving his fingerprints on Western Oklahoma State College for the past two seasons, Bahamian Richard Lowe has committed to taking his talent to Northwood University to play for the Timberwolves men’s basketball team.
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SANDS: DNA TESTING COULD SPELL TROUBLE – FNM chairman warning of ‘significant upheaval’ from paternity proposal
FORMER Health Minister Dr Duane Sands anticipates “significant upheaval” in The Bahamas if DNA tests are required to establish paternity among people wanting recognition as citizens following the Privy Council’s landmark ruling last week.
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Minister urges UN take over of global tax woes
A Cabinet minister yesterday called for the creation of an independent multilateral body to review all tax-related blacklistings of The Bahamas and other small jurisdictions over what he described as “technical deficiencies”.
