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Gov't targeting 'fiscal rule' legislation by March 2018

THE Government will introduce legislation for ‘fiscal rules’ in February/March 2018 to prevent “runaway spending”, the Deputy Prime Minister said yesterday. K P Turnquest said the Minnis administration was committed to introducing the legislation in

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Gov’t shows ‘inflexibility’ on 12% VAT, timelines

The Government has largely shown “little flexibility” to-date over the planned 12 percent VAT and timeline for its implementation, the Chamber of Commerce’s chief executive said yesterday.

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New fiscal discipline is 'no magic bullet'

The Deputy Prime Minister is warning that today’s long-awaited release of Fiscal Responsibility legislation is no “magic bullet” for The Bahamas’ deep-rooted financial woes.Confirming that the Government will unveil its signature fiscal reform within

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Fiscal rules 'no panacea', warns an IDB economist

FISCAL rules are “not a panacea” but can prevent misplaced government spending priorities, an Inter-American Development Bank (IDB) economist said yesterday. Allan Wright, a Bahamas-based economist, speaking at a fiscal policy workshop hosted by the

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Digital B$ rolled-out nationally by Q3 end

The Central Bank’s digital currency will be made available nationwide by the 2020 third quarter’s close, the deputy prime minister said yesterday. Unveiling reforms to the financial services regulatory regime in the House of Assembly, K Peter Turnqu

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IAN FERGUSON: Motivating workers to the benefit of all

Employee benefits are any form of compensation paid to employees over and above their regular salary or wages. Employee benefits come in many forms, and are an important part of the overall compensation package offered to workers. Here we outline three common examples of small business employee benefits that will prove most beneficial in 2021.

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Income tax is NOT ruled out

The Government has not ruled out implementing an income tax, the Deputy Prime Minister revealing yesterday: “We have to consider all options.”

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Workforce flexibility key to COVID reality

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net Workforce flexibility will be key as Bahamian companies struggle to adapt to the new COVID-19 environment, human resources chiefs said yesterday. Paul Haven, Doctor’s Hospital's hum

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‘Greater flexibility’ on Baha Mar disclosures

The Government should have “greater flexibility” to reveal the terms being negotiated for Baha Mar’s purchase, including investment incentives and tax breaks, after the buyer identified itself, the Chamber’s chairman believes.

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BTC urges more flexible cellular pricing process

The Bahamas Telecommunications Company (BTC) yesterday called for more flexible cellular pricing opportunities, as part of its preparations for the sector’s impending liberalisation in 2014.

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FDI fear on latest S&P downgrade

An economist last night warned that investors will likely seek greater tax breaks and concessions as a result of The Bahamas' latest sovereign credit downgrade.

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MARKETING REVOLUTION: Flexibility key to business survival

Most people in a business have a fixed and inflexible attitude towards how a business makes money. But it is important that you as a member of the Marketing Revolution have flexibility. Because it may be the case that you have to change your model, especially if you have some major interruption that stops you from being able to pay your bills. For example, let us say you have some major roadworks that stop people from being able to come to your business.

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IAN FERGUSON: How to make working remotely productive

Global workforce data suggests that working remotely has increased since the turn of the century. The infusion of technology into almost everything we do has created a platform for work outside the traditional “four walls” of the office. With the COV

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Flexibility for business licences

The government yesterday inserted flexibility into the Business Licence regime by allowing companies to pick which quarter they file their returns and pay the fee.

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AG: Laws are flexible over 'seven-year wait'

The attorney general yesterday argued there was sufficient flexibility in Bahamian law to ensure relatives of missing Dorian victims will not wait seven years to access financial payouts.Carl Bethel QC, pictured, told Tribune Business that the existi

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Scotiabank lauches revamped "Scotia Professional Plan"

SCOTIABANK recently launched its revamped Scotia Professional Plan – a suite of flexible banking products created for professionals.

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Govt's 'greater teeth' for corruption battle

The Attorney General yesterday said law enforcement will gain “greater teeth” to target civil servants, politicians and their relatives, and criminals living beyond their legitimate income.Carl Bethel QC told Tribune Business that the Unexplained Wea

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DPM: Dorian won't break VAT promise

The government will likely need around $300m in bank and other commercial financing to meet post-Dorian needs, as the deputy prime minister pledged: “We won’t break our VAT promise to the people.” K Peter Turnquest told Tribune Business that the Min

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IAN FERGUSON: Employee home work must have set targets

Global workforce data suggests that remote work has increased since the turn of the century. The infusion of technology into almost everything we do has created a platform for work outside the traditional “four walls” of the office.It would be easy t

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We must keep our flexibility

I have long argued that those advocating fixed election dates and term limits on the office of Prime Minister really do not have a clue of the very basics of what Westminster democracy is and how it operates. Rather, they are simply taking cues from superficially corresponding elements of a fundamentally very different US system.

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