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Super Value chief in VAT ‘exclusive’ push
* Blames ‘inclusive’ switch for 10% sales fall * Plans to ‘go back at Gov’t’ over issue * ‘We don’t have to be contrary to world’
SUPER Value’s owner yesterday said will appeal to government for permission to revert to Value Added Tax (VAT) ‘exclusive’ pricing, blaming the switch for this year’s 10 per cent sales decline. Rupert Roberts, while likely reigniting the ‘inclusive’ versus ‘exclusive’ VAT pricing debate, told Tribune Business that Super Value’s 2017 top-line had seen a marked decline in comparison to the two years prior, during which time the food store chain had used VAT ‘exclusive’ pricing.
PM: ‘No time to rest on laurels’ over EU
THE Prime Minister yesterday said the Bahamas has “no time to rest on our laurels”, given the European Union’s (EU) concerns over the absence of corporate income taxation. Dr Hubert Minnis told the House of Assembly that the EU’s Code of Conduct group had written to the Government expressing concerns that this nation’s tax system did not comply with its ‘blacklisting’ criteria.
Bahamian retailers hit by ‘showroom effect’
BAHAMIAN retailers yesterday said they have fallen victim to the “showroom effect” with consumers using them as ‘fitting rooms’ before purchasing online.
All ‘milestones’ come Aliv for mobile player
The Bahamas’ second mobile operator said yesterday it had met all “milestones and obligations” for cellular coverage and infrastructure roll-out as required by its license, its sales and marketing head arguing it has “the best network in the Caribbean”.
QC tells the web shops: Form own credit union
A prominent QC has called on web shop gaming operators to establish their own credit union, as blasted the Canadian-owned banks’ refusal to accept the sector’s deposits as making “no sense whatsoever”.
Hutchison ‘streamlines’ Freeport investments
The sales process for the 409-acre Grand Lucayan property on Grand Bahama is “still ongoing”, Prime Minister Perry Christie said yesterday.
‘Much work’ ahead over business ease
The Bahamas has “a lot of work to do” before it sees a dramatic improvement in the ease of doing business, the Opposition’s finance spokesman said yesterday, adding: “There’s just too much government bureaucracy.”
Web shop gains 'stay' on closure
The only web shop operator to be denied a licence has obtained a stay of the Supreme Court decision that effectively paved the way for its closure two weeks ago.
Bahamas must get balanced tourism
The Bahamas must ensure it strikes the right balance between its cruise and stop-over business, the FNM's deputy leader reiterating that it provide a competitive and unique product.
MSC deal to give Bahamian company ‘widest ever smile’
The Bahamian leaseholder of Ocean Cay will have “the biggest smiles ever” as a result of the deal that will see Mediterranean Shipping Company (MSC) take over the island for its $100 million cruise port.
‘Bleak’ Xmas start for many retailers
Bahamian retailers yesterday described early Christmas season sales as “slow” and “bleak”, but expressed optimism they will see a major pick-up over the next week.
App founders target full mobile commerce
The founders of a recently-launched mobile application which provides one-click access to commercial, Government and non-profit organisation communication channels, aim to eventually offer full mobile commerce.
Cotton Bay developer: ‘Open up’ work permits
Prime Minister Perry Christie yesterday said the developers behind the proposed Four Seasons resort project at Cotton Bay had asked the Government to “open up on work permits”, so the development could maintain the brand’s standards.
'Seven digit' Atlantisinvestment delayed bygaming reform wait
Atlantis’s top executive yesterday said its planned multi-million dollar, “seven digit” investment in private gaming rooms was being delayed by the wait for casino gaming reforms to be passed.
KFC INDUSTRIAL DEAL TALKS START
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net EXECUTIVES of the Bahamas Hotel, Catering and Allied Workers Union (BHCAWU) and KFC (Nassau) began negotiations on a new industrial agreement on Friday, with the union's vice-presid
Pawnbroker: Act deterring stolen goods
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A LEADING pawnbroker said yesterday he had seen a noticeable decrease in the amount of stolen property brought to his business since new legislation governing the industry came into
SUPERVALUE SEES 'DOUBLE, TRIPLE' SALES RISES IN 2012
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Supervalue supermarket chain yesterday indicated it shrugged off fears that consumers are taking longer every year to recover from thei
SUPERVALUE SEES 'DOUBLE, TRIPLE' SALES RISES IN 2012
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Supervalue supermarket chain yesterday indicated it shrugged off fears that consumers are taking longer every year to recover from thei
SUPERVALUE SEES 'DOUBLE, TRIPLE' SALES RISES IN 2012
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Supervalue supermarket chain yesterday indicated it shrugged off fears that consumers are taking longer every year to recover from thei
SUPERVALUE SEES 'DOUBLE, TRIPLE' SALES RISES IN 2012
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Supervalue supermarket chain yesterday indicated it shrugged off fears that consumers are taking longer every year to recover from thei
