Gov’t still too slow over VAT ‘cobwebs’
The Government is still moving too slowly for the private sector’s liking in clearing the “last remaining cobwebs” surrounding unresolved Value-Added Tax (VAT) concerns.
FNM deputy leader fears for poor over new taxes
Any further tax increases will have “an undesirable effect” on the most vulnerable segments of Bahamian society, the FNM’s deputy leader has warned.
$5.5m Port Lucaya acquisition closes
A UK investor has finally closed his long-awaited $5.5 million purchase of Freeport’s Port Lucaya Marketplace, the Prime Minister has disclosed.
CIBC promises to expand Bahamas Mortgage centres
CIBC FirstCaribbean plans to open more dedicated ‘Mortgage and Loan’ centres in the Bahamas this year following the inaugural location’s “tremendous success”, its regional chief executive pledging further investment in this nation.
Duo’s securities fraud conviction is quashed
An ex-bank manager and former trader yesterday saw their securities fraud convictions quashed by the Court of Appeal, which found that a magistrate’s earlier ruling “fatally fell into error”.
Bahamas ‘Back to drawing board’ on aviation oversight
The Bahamas was yesterday urged to “go back to the drawing board” on aviation regulation, after the Government’s own agencies effectively admitted that unauthorised charter flights were a lawless ‘Wild Wild West’.
Firms ‘getting VAT a lot more’
Businesses are “getting it a lot more” in terms of how Value-Added Tax (VAT) works, the tax’s Comptroller praising the private sector for “tremendous progress” during the transition period.
French push money laundering, fraud charges against RBC Trust Bahamas
Royal Bank of Canada’s (RBC) Bahamian trust subsidiary is fighting a French prosecutor’s recommendation that it be charged with tax fraud “complicity” and “aggravated money laundering”.
January push for NHI ‘discomfiting’
The Government’s push to implement National Health Insurance (NHI) by January 2016 is “discomfiting” to the private sector because most of the key details are still unknown, Tribune Business was told yesterday.
Training strategies to empower employees
The level and quality of training provided to employees serving at varying levels is vital to a company’s success.
‘Don’t bite off more than we can chew’ with NHI
THE Government must consider the Bahamas’ economic recovery progress as it moves to implement initiatives such as National Health Insurance (NHI), a leading private sector representative warning: “We have to be careful we don’t bite off more than we can chew.”
BTC chief tells fellow utilities: Go pre-paid
The Bahamas Telecommunications Company’s (BTC) chief executive says both the Bahamas Electricity Corporation (BEC) and Water and Sewerage Corporation (WSC) could significantly reduce their receivables by introducing a pre-paid system similar its own.
Taxi union chief fears Baha Mar ‘exclusion’
A taxi union leader yesterday said all drivers should be eligible to do business with Baha Mar, adding that he has been arguing for the same reforms proposed by the resort developer for the past 20 years.
VAT returns ‘flowing’, but just 13% are in
The first Value-Added Tax (VAT) returns are “flowing in”, even though just 12.7 per cent of the anticipated 550 January filers had submitted their documents by Tuesday this week.
Bank unable to recover 95% of VAT ‘inputs’
Commonwealth Bank yesterday predicted it would be unable to recover 95 per cent of its Value-Added Tax (VAT) input payments, given that ‘exempt’ revenue streams form the bulk of its income.
