Bar chief: Land reform thwarted by society’s elite
The Bahamas Bar Association’s president yesterday accused a political and economic elite of thwarting land reform for more than half-a-century, in a bid to safeguard their own interests.
Contractors no ‘cap in hand beggars’ on Baha Mar recovery
Bahamian contractors have been urged not to view themselves as “cap in hand beggars” in the Baha Mar claims process, the Chamber’s chairman arguing that they “have some leverage”.
NIB takes $10m BOB, Cable hit
The National Insurance Board (NIB) took a $10.026 million hit last year as a result of its loss-making investments in BISX-listed Bank of the Bahamas and Cable Bahamas.
Legislate to keep expired industrial deal terms in place
A former hotel union leadership contender yesterday urged the Government to “legislate” that expired industrial agreements, particularly their terms and conditions, remain in effect until a new deal is sealed.
Court ‘unwitting pawn’ in assisting land frauds
An Appeal Court justice yesterday admitted that the Bahamian judicial system is vulnerable to being used as an “unwitting pawn” in the commission of real estate frauds.
‘Tax expert’: OECD won’t buy Bahamas tax exchange route
The ‘tax expert’ quoted in The Economist’s full-scale attack on the Bahamas warned two months ago that the OECD would never accept this nation’s preferred tax information exchange approach, and asked: “What koolaid are you drinking?”
OECD alters rules for Bahamas ‘half way through game’
A Bahamian QC yesterday accused the OECD of “changing the rules half way through the game” by attempting to force this nation into abandoning its preferred approach for implementing automatic tax information exchange.
Central Bank chief: ‘Ultimate’ goal is to bank web shops
The Central Bank’s governor yesterday said the “ultimate” goal is for the web shop industry to satisfy commercial bank concerns and reach the point where it can be “banked”.
Bahamas told: Don’t be ‘intimidated’ by new OECD offensive
A Bahamian financial services provider yesterday demanded “strong leadership” in response to the latest OECD attack, and warned against being “cowed and intimidated”.
SuperGreen Solutions: Summer school on electricity savings
School is back in session, which means summer will soon be on its way out and fall will follow.
Bahamas urged: ‘Resist’ new global tax pressure
A former Bahamas Financial Services Board (BFSB) chairman yesterday urged the Government to resist “disingenuous” international pressure, after this nation was accused of single-handedly undermining the global “war on tax dodgers”.
Baha Mar payout process ‘opening legal floodgates’
The Democratic National Alliance’s (DNA) leader yesterday warned that the Baha Mar creditor payout process threatens to “open the floodgates” to litigation by foreign claimants, amid warnings that the Bahamas’ investment reputation is again under threat.
BOB: $70m wiped off value in week
Bank of the Bahamas saw almost $70 million wiped off its stock market value last week, as investors searched for the ‘floor’ following the removal of price movement restrictions.
Tax ‘holdout’: FNM deputy leader fears ‘reputation damage’
The Opposition’s deputy leader yesterday expressed alarm at “the potential reputational damage” that may have been inflicted by allegations that the Bahamas is ‘non-cooperative’ in the “global war on tax dodgers”.
Govt slams tax exchange delay claim ‘hearsay’
The Government has dismissed as “hearsay” allegations that public and private sector officials have been suggesting the Bahamas will hold back on automatic tax information exchange, making this nation more attractive to “undeclared” funds.
