PM: Tax breaks ‘not as effective’ for getting FDI
The Prime Minister last night admitted that the Government’s tax incentives are “no longer as effective” in attracting multi-million dollar foreign direct investment (FDI) flows, as the Bahamas faces a “dramatic” increase in global and Caribbean competition.
Minister says: ‘We want web shops to succeed’
The Minister of Tourism yesterday pledged to address the web shop industry’s ‘market saturation’ concerns when he meets its members next Wednesday, adding: “We want to give them a fair opportunity to succeed.”
CWC ‘backdoor’ was ‘red flag’ for BTC privatisation
Cable & Wireless Communications (CWC) “backdoor” entrance should have been “a red flag” to the Ingraham administration that the Bahamas Telecommunications Company’s (BTC) 2011 privatisation was ill-timed, a well-known businessman said yesterday.
PM: ‘Urgent need’ to resolve land problems
The Prime Minister last night admitted there was “an urgent need” to resolve land-related issues, especially the granting of Crown Land to Bahamians and transparency associated with this process.
IAN FERGUSON: Bridging generational gaps in the workplace
As healthcare improves across the world, people are living longer and healthier lives. Advancess in medicine and technology have increased the life expectancy for many persons.
Bahamian liquidators battle Florida law firm
The liquidators for a “failed” Bahamian bank are battling a Florida law firm as part of efforts to recover a $15 million loan, with their target alleging they should “stop wasting time and creditors’ money chasing non-existent claims”.
Narrowed VAT filing ‘less onerous’ if Govt sees bigger picture
The Government’s decision to press ahead with narrowing the Value-Added Tax (VAT) payment window by seven days will be “less onerous” if it meets its due obligations to the private sector, the Chamber of Commerce’s chief executive said yesterday.
BTC privatisation chair confident in ‘best deal’
The chair of the Bahamas Telecommunications Company’s (BTC) privatisation committee yesterday expressed confidence that a Parliamentary probe would find the sale was “the best deal that could be done”, provided its inquiry was conducted properly.
Key revenues off 30% in Matthew aftermath
Hurricane Matthew’s impact on government revenues has been exposed by data showing a collective 30 per cent month-over-month drop-off in three key taxes during October.
More web shops a ‘thing of the past’
A Bahamian web shop operator yesterday said the industry should reduce its need for physical gaming house locations by conducting its business electronically, adding that 80 per cent of its business came from online.
Flowers in level playing field call over web shops
A leading web shop operator yesterday urged the Government to clarify how many gaming house locations will be allowed to remain open, adding: “You have to start everyone evenly.”
CLICO awaits Govt SPV insurer approval
The Government needs to kickstart the next CLICO (Bahamas) resolution phase by approving the Board and manager for a newly-created insurance vehicle, Tribune Business can reveal.
Govt told: Stop ‘nickel and dime-ing’ taxpayers
The Bahamas was yesterday urged to abolish Business Licence fees and cease “nickel and dime-ing” taxpayers through streamlining numerous “little middling” levies.
Land Registry and house price index for property tax fix
The Bahamas needs a modern Land Registry and house price index if the Government is to properly capture changing real estate market dynamics for real property tax purposes, the Chamber’s chairman said yesterday.
Fears over ‘retroactive’ property tax crackdown
Fears were expressed yesterday that the Government’s real property tax crackdown is seeking to “retroactively” extract more revenue from compliant owners on the grounds that their homes/businesses are under-valued.
