Gov’t, private sector ‘never needed each other more than now’
The Government and private sector now need each other’s support more than at any time in the Bahamas’s 42-year post-Independence history, a top executive believes.
Banker’s fears over ‘creeping’ VAT rate rises
A leading investment banker has expressed concern over the potential for “creeping” increases to the Value-Added Tax (VAT) rate, suggesting the Government needs to broaden its tax base and wealthier individuals more “without scaring them away”.
Jobless rise ‘worrisome’
The 1.4 percentage point rise in the Bahamas’ unemployment rate was described as “worrisome” by a top private sector executive, adding that it demonstrates a need for greater economic growth.
‘I’ve never seen it more positive for the Bahamas’
The Bahamas is well positioned to benefit from anticipated improvement in some of the world’s leading economies, a local investment banker believes.
Gov’t agencies at odds on VAT
The Government’s Value-Added Tax (VAT) Unit and Customs Department are at odds over the latter’s demand that Freeport businesses, who submitted December’s duty-paid entries after the New Year, charge the new 7.5 per cent levy on these sales.
From ‘devastation’ to optimism in eight months
The opening of its new 10,000 square foot headquarters by early April will complete SMG Millworks’ rapid recovery from last year’s devastating fire, its principal yesterday describing the future outlook as “fantastic”.
Palm Cay launches condo third phase
Palm Cay’s developers on Wednesday opened reservations for Phase 3 of The Anchorage, its luxury condominium offering that is emerging as its most sought-after product to-date.
Tough evaluation questions to ask
At the start of each year, business owners and employees typically reevaluate their position in the marketplace and begin to make preparations for a more successful year.
Gov't told: Avoid 'sledgehammer' on VAT enforcement
By NEIL HARTNELL
US tells BISX-listed firm: We can get you
Federal regulators have effectively accused a BISX-listed company’s principal, and its broker/dealer affiliate, of hypocrisy over their claims that US law “cannot touch” their allegedly “egregious acts” in relation to a $400 million fraud.
Freeport ‘disaster’ if property tax imposed
The Grand Bahama Chamber of Commerce’s president yesterday said it would be “disastrous” if the Government chose to levy real property tax on Port licensees post-August 2015, warning it would be “another nail in Freeport’s coffin”.
Gov’t urged: ‘Seize moment’ to exit BoB
Shareholders and Opposition politicians yesterday urged the Government to do more to restore “credibility and public confidence” in Bank of the Bahamas, urging it to remove the entire Board and relinquish its majority ownership.
VAT’s 5% increase in food budget for social services
THE Government has approved a 5 per cent increase in the Department of Social Services’ food assistance budget to mitigate the impact of Value-Added Tax (VAT), a Cabinet Minister said yesterday.
Chinese currency hub is ‘monumental achievement’
The Bahamas Financial Services Board’s (BFSB) top executive last night described the Bahamas’ potential designation as a trading hub for the Chinese currency as a “monumental achievement”.
ART OF GRAPHIX: Designing with stiffer resolve
How do you plan to improve your design life in 2015? Have you given it any thought yet?
