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'Anyone who wants diesel able to buy it'
FOCOL Holdings chairman yesterday voiced optimism that "anyone who wants to buy diesel on this island can get it" even though "the majority" of petroleum retailers were said to have stopped sales of this fuel.
'Hanging' no longer: PM affirms NIB rate increase
Private sector executives last night voiced relief that The Bahamas is no longer "hanging on this thing" after the Prime Minister confirmed a National Insurance Board (NIB) contribution rate increase will be implemented on July 1, 2024.
Super Value president: 'Things aren't flowing'
Super Value's president says that, while profit-based taxation "would be favourable" for food retailers, the Government must first prioritise the ease of doing business because "things aren't flowing like they should".
Budget deals marinas 'another slap in face'
A former Association of Bahamas Marinas (ABM) president yesterday asserted that the Budget has dealt the industry "another slap in the face" through multiple fee increases for dockage and vessel registration.
Ex-PM: 'Grave mistake' on $86m hospital funds
A former prime minister is charging that the Government made "a grave mistake" by returning more than $86m in low-cost financing for Princess Margaret Hospital's (PMH) expansion to the original lender.
Property tax cap up 25% to hit $150,000
Bahamian realtors have given a mixed reaction to the Government's decision to increase the annual real property tax cap by 25 percent to $150,000.
Businesses awaiting Budget with 'anxiety'
Bahamian business owners yesterday admitted to feeling "some anxiety" over today's Budget as the Davis administration was urged to prioritise ease of doing business reforms to generate faster economic growth.
Corporate tax paper 'setting foundation' to broaden base
A prominent banker yesterday asserted it was no accident that the Government released its corporate income tax 'green paper' just days before the Budget, adding: "It needs to increase its revenue base."
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.
IAN FERGUSON: Bahamian business must speed up technology use
Business digitisation, although an old topic, is essential to your company’s growth. Every firm's goal is to ultimately increase revenue, attract more new customers and retain existing ones. One of the best ways to leverage technology is to improve your existing infrastructure and automate processes such as e-mail marketing to better suit your target audience.
Petroleum retailers agree to 'phased in' margin increase
Bahamian petroleum retailers yesterday said they will accept a "phased in" 30 cent per gallon margin increase as they urged the Prime Minister to meet with the sector this week "to put this baby to sleep".
'Can't tax Bahamas into better health'
Caribbean Bottling Company's top executive yesterday warned "you cannot tax a country into good health" amid private sector fears that a so-called 'sugar tax' will be a “poison pill” for small business.
FML chief makes call for renewables switch
A web shop principal yesterday argued that The Bahamas must do more to capitalise on its renewable energy sources as companies brace for up to 163 percent increases in Bahamas Power & Light's (BPL) fuel charge this summer.
Crackdown on tax cheats 'most co-ordinated' ever
The Government is launching its "most co-ordinated effort" ever to crackdown on tax cheats with its success in collecting hundreds of millions in outstanding revenue critical to avoiding "increased tax rates".
Insurers 'over reacting' on 50% investment 'minimum'
The Ministry of Finance's top official yesterday said insurers are "over reacting" to the consultation on holding a "minimum" 50 percent of their investments in government securities as he refuted fears it is "desperate for funds".
'Just one spark' could take Bahamas captive
The Bahamas needs "just one spark" to re-establish itself as a major player in the multi-billion captive insurance industry and help "stabilise the middle class", a local operator is asserting.
Deficit's 75% cut hinges on $400m revenue surge
The Ministry of Finance's top official yesterday asserted he is "very confident" the Government will increase revenues by $400m year-over-year, and slash its fiscal deficit by 75 percent, in the absence of new and/or increased taxes.
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.
'Screeching economic halt' if diesel stop lasts 10-14 days
Bahamians could "see a totally different economy" if the decision by most petroleum dealers to halt diesel sales lasts for up to two weeks, a well-known contractor warned yesterday.
