Top official challenges Galleria’s ‘distortion’
The Ministry of Finance’s top official yesterday said he could not allow Galleria Cinemas’ assertion that Value-Added Tax (VAT) was responsible for a 17.6 per cent increase in its prices “go unchallenged”.
Price Control ‘demonisers’ threaten to undermine VAT
Businesses yesterday slammed the Price Control Commission for “intentionally trying to demonise” the private sector, and warned that it threatened to undermine Value-Added Tax (VAT) implementation.
Super Value to collect $20-$25m VAT for Gov’t
Super Value’s owner yesterday said he expects to collect $20-$25 million in Value-Added Tax (VAT) for the Government this year, while warning that much more consumer education is required.
Auto dealers seek up to 15% pt margin rise
Bahamian auto dealers are pushing for price control margin increases of up to 15 percentage points, warning that these are vital to their survival now Value-Added Tax (VAT) has been implemented.
Empower consumers to 'protect themselves'
Pricing concerns are being “blown out of proportion” by the Price Control Commission, the Tax Coalition’s chairman yesterday calling on the Government to help Bahamian consumers “protect themselves”.
Family Island concern on LIPA 'hub' proposal
A well-known Bahamian airline executive yesterday expressed concern that placing less focus on direct international flights to the Family Islands, in favour of a Lynden Pindling International Airport (LPIA) hub and stay-over, would only make it more expensive for visitors.
MARKETING REVOLUTION: Long live the Revolution
So this will be my last column of the Marketing Revolution. A journey that began in April 2012 will now come to an end. I have written about 140 columns in total. One per week. I may have missed one week in all that time, so I am proud of the consistency. I am grateful to Paco Nunez, former Tribune News Editor, who encouraged me to write this column, and Tribune Business Editor Neil Hartnell, who edited it week after week.
Energy reform legislation expected in first quarter
By NEIL HARTNELL
Hotels predicting improved 2015 Q1
Bahamian hotels are predicting a stronger first quarter than the same period in 2014, although the outloook is not uniform across all islands.
Explaining the Chinese 'pivot'
By LATRAE RAHMING
Understanding the Price Control game
By RICK LOWE
Arawak Homes a ‘victim of atrocious governance’
Arawak Homes yesterday charged that it had been “the victim of atrocious governance”, with 20 years and more than $1 million in legal fees unable to resolve its multi-million dollar claim against the Government.
Ocean Club mulls extensive upgrade
The One & Only Ocean Club’s historic Hartford Wing could be set for a major overhaul, with “serious discussions” underway on whether or not to initiate those plans this year.
Petroleum sector's 'one big VAT mess'
Value-Added Tax (VAT) confusion continues to reign in the petroleum industry as the tax is initially applied to retail/wholesale mark-ups, one dealer yesterday saying: “It’s one big mess”.
Business Licence slash unlikely until 2016-2017
The Tax Coalition’s chairman yesterday said he took government pledges to review Business Licence fees during the 2015-2016 Budget preparations “with a grain of salt”, suggesting any changes were at least another year away.
