Customs brokers in 'trying period' after VAT implementation
Customs brokers yesterday admitted they were going through a “trying period” in the wake of Value-Added Tax (VAT) implementation, with one broker encountering challenges with its IT system.
Five-fold rise in compensation for school land
By NEIL HARTNELL
Tourism's concern on VAT 'island hop' disincentive
By NEIL HARTNELL
Super Value’s four-fold boost from pre-VAT rush
Super Value’s owner says his stores did four times’ more business this New Year’s Eve than in 2013, as consumers “went out with a vengeance to beat Value-Added Tax (VAT)”.
Melia’s Xmas Eve injunction bars all union action
Baha Mar and its Melia resort have obtained a Supreme Court injunction that bars the hotel union from taking any form of industrial action, leaving workers without any leverage over their gratuity dispute.
$3.5m resort opening is 'dream come true'
An all-Bahamian team has seen its “dream come true” via the Boxing Day opening of Abaco’s $3.25 million Sandpiper Inn, which is now targeting 50-60 per cent average occupancy rates for spring/summer 2015.
Bahamasair's strike payout $758k and counting
Bahamasair is facing “serious damage control” in the wake of the pre-Christmas sick-out by its pilots, which to-date has cost the cash-strapped carrier just under $800,000.
Coalition to Gov’t: Responsibility Act hasn’t gone away
The Tax Coalition will “beat the drum for as long and loudly as we need to” over its demands for the Government to introduce a Fiscal Responsibility Act, its chairman promising: “We’re not going away”.
Auto VAT deferral concern 'resolved'
Bahamian auto dealers appear to be “on the same page” with the Government over their border deferral of Value-Added Tax (VAT), following a “clear the air” meeting on Friday.
My plan to save Bank of Bahamas
Drastic action is still requured at Bank of the Bahamas. In March 2012, I wrote an article exposing the fact that the Bahamas was experiencing a housing crisis. In the same article, I predicted a ‘small cap’ retail banking crisis, and this is exactly what the Bahamas is experiencing at this very moment. The purpose of this article is to outline why this bank must not be allowed to fail, and what exactly needs to be done to avoid failure.
Gov't, private sector get 'up to speed' on VAT issues
By NEIL HARTNELL
Petroleum confusion, IT woes: VAT’s rocky start
Value-Added Tax (VAT) endured a rocky start to life yesterday, with mass confusion in the petroleum industry and one major food store chain not charging it due to IT problems.
Rubis accuses Cable of ‘bad faith’ over pollution clean-up
Rubis Bahamas has accused Cable Bahamas of acting in “manifest bad faith” by refusing to give it access to its former customer service building, so it can clean up a massive gasoline spill.
BoB: 'Measure us' from 2015's start
Bank of the Bahamas is hoping its financial performance will “start to be measured” from the New Year onwards, after it unveiled an expected $4.198 million net loss for the 2015 first quarter.
'Customs chaos' fear on 855 duty changes
The Government was yesterday urged to give businesses more lead time to implement major system changes, a top private sector executive saying there was “no need” to wait until December 30 to issue changed Customs duty rates and codes.
