Monthly VAT pay plan’s ‘disservice’ to small business
The Government was yesterday urged to postpone plans to make at least some quarterly and monthly filers pay Value-Added Tax (VAT) monthly, a well-known consultant describing this as “an injustice and disservice” to small businesses.
Gov’t told: Don’t finalise conclusions on Freeport
THE Government was yesterday urged not to finalise the report and recommendations on Freeport’s future, a well-known QC warning this would spark a further Judicial Review challenge.
QC seeking Freedom of Information ‘with teeth’
A Freedom of Information Act (FOIA) “with teeth” is as vital to the Bahamas’ governance as the opening of the radio airwaves was in the 1990s, an outspoken QC said yesterday.
Moody’s warns over fiscal ‘complications’
While praising the Government for “outperforming” its 2014-2015 Budget projections, a leading credit rating agency yesterday warned that National Health Insurance (NHI) and low economic growth levels will “complicate the [fiscal] consolidation”.
‘Bureaucratic delays’ drive Doctors losses
Doctors Hospital’s chairman has blasted the “many bureaucratic obstacles” it has faced in obtaining approvals for its medical tourism initiatives, implying that this played a key role in driving a 190 per cent year-over increase in its net losses.
‘Far beyond conscionable’
Ex-City Markets staff were yesterday said to be “sick and tired” of the four-year struggle to obtain their due pension and severance benefits, a former manager adding: “This has gone far beyond conscionable.”
City Markets pension fund battle heats up
The ‘11th hour’ bid to intervene in the City Markets pension fund controversy was yesterday branded “fanciful at best”, as arguments over who is representing the former supermarket chain’s workers and beneficiaries intensified.
Sandals slams union’s untrue lay-off claims
Sandals Royal Bahamian’s general manager yesterday dismissed as “mischief” claims that the all-inclusive resort was set to terminate 129 employees, as the trade union body responsible for making them swiftly withdrew the allegations.
City Markets pension deal facing challenge
An ‘11th hour’ bid to prevent settlement of the long-running City Markets pension fund controversy seeks to overturn a court Order giving hundreds of ex-employees “more than they are entitled to”.
Bahamas banker collected $250k FIFA bribe cheque
A Bahamas banker made a round-trip to New York to collect a $250,000 cheque from a top FIFA official that was part of a $10 million bribe to influence voting on which nation would stage the 2010 soccer World Cup.
Freeport future talks challenge is ‘premature’
Two attorneys have filed an “urgent” appeal after the Supreme Court dismissed their Judicial Review challenge to the consultations over Freeport’s future, describing it as “premature”.
‘Some may be spared’ monthly VAT paying
The Value-Added Tax (VAT) Unit will adopt a risk-based approach to determine which quarterly and bi-annual filers must pay due taxes monthly, a top official telling Tribune Business: “Some filers could be spared.”
Lower losses save Water Corp $6.5m
The Water and Sewerage Corporation (WSC) has saved $6.5 million through the first two years of its non-revenue water (NRW) reduction project, its general manager telling Tribune Business that its daily water losses had been cut in half.
Gov’t urged: Cut Business Licence top rate to 1%
The Government was yesterday urged to “go further” on its Business Licence reforms and drop the maximum rate to 1 per cent, a move that would boost private sector profits and economic growth.
‘No free ride’ over $1.2bn debt spend
The Government’s plan to spend more than $1.2 billion over the next three fiscal years on servicing the Bahamas’ national debt was yesterday backed by a top private sector executive, who warned: “There’s no free ride.”
