‘Dangerous’ to reject tax reform because ‘unpopular or difficult’
The Bahamas was yesterday warned it is “dangerous” to dismiss tax reform options simply because they are perceived as “unpopular or “difficult” to implement, the head of a private sector tax advocacy group warned yesterday.
Grand Lucayan worker send-home industrial deal ‘breach’
The Trades Union Congress (TUC) president yesterday asserted he is “making all efforts” to meet with the Prime Minister in a bid to resolve the fate of Grand Lucayan workers sent home without due pay amid continued uncertainty over the resort’s sale.
Freeport needs developer and not just GBPA buyer
The Grand Bahama Chamber of Commerce’s president yesterday asserted that any potential Grand Bahama Port Authority (GBPA) purchaser must have “financial and intellectual capacity to act as a developer” and not just merely be able to acquire it.
‘Significant concerns’ over $200m Rosewood Exuma’s dock location
Bahamian planning authorities are still voicing “significant concerns” about the location of the $200m Rosewood Exuma project’s service dock despite giving the “overall concept for the resort” support in principle.
Tax reporting blunder stuck $2.5m fine on trustee’s client
A Bahamian trust company caused a client to incur a $2.5m penalty after it mistakenly provided information not required by law to the Colombian tax authorities while valuing his investments at three times’ their previously-disclosed worth.
Gov’ts tax compliance reforms halted accounts ‘running amok’
The Government’s tax reforms over the past decade have prevented Bahamian businesses from “running amok” with their financial reporting and enabled small enterprises to expand to medium-sized ones, a corporate consultant argued yesterday.
Musicians unveil ‘safety net’ for Bahamian artists
The United Artists Bahamas Union (UABU) yesterday launched its Benevolent Fund Committee to serve as a “safety net” for Bahamian musicians and entertainers regardless of union affiliation and membership.
Bahamian fishermen demanding Dominican poacher crackdown
Bahamian fishermen yesterday said they are hoping the Government will crack down equally as hard on Dominican poachers and foreigners working on locally-owned fishing vessels following a late December meeting with senior security officials.
Gov’t blasts assertion VAT savings just $11 per month
The Davis administration yesterday blasted suggestions that the average Bahamian family will only save $11 per month from eliminating VAT on all unprepared food.
Marina chief slams ‘absurd’ claim ‘we’re part of problem’
The Association of Bahamas Marinas (ABM) president yesterday slammed as “absurd” accusations that the industry is not doing enough to aid the crackdown on illegal fisheries practices by failing to alert the authorities to suspect vessels.
Ex-Abaco Chamber chief makes national lottery call
An ex-Abaco Chamber of Commerce president has called for The Bahamas to introduce a national lottery as a means to raise extra revenue and ease the burden of VAT and other taxes.
FTX liquidators get $38m from selling Bahamas properties
FTX’s liquidators had raised $38.2m from selling-off eight of the collapsed crypto exchange’s Bahamian properties by early December 2025, it has been revealed, with “pending deals” and the appraised value of others set to generate a potential further $155.8m.
Home tax concessions ‘not so earth-shattering’
The Bahamian Contractors Association’s (BCA) president says recently-unveiled first-time home buyer and real property tax concessions are “not as earth-shattering as they seem” and will likely represent “modest good news for a small number of people” in the middle class.
GBPA chiefs avoid jail on water supply order breach
A Supreme Court judge has elected to impose a $6,000 fine, rather than send the directors of Freeport’s water supplier - including several Grand Bahama Port Authority (GBPA) principals - to jail after finding it breached an Order preventing it from disconnecting a condo complex’s services.
Opposition renews demand for tourism levy disclosure
The Opposition’s deputy leader yesterday demanded that the Government provide a full accounting of how the funds collected through the $2 per person tourism enhancement levy have been used.
