Stop VAT-financed Gov't 'spend spree'
A VAT Education Task Force member has urged Bahamians to prevent the Government using its anticipated $400 million revenue windfall to finance “a spending spree”, adding that other taxes should be cut to ease the economic burden.
Atlantis 'prepays' energy bill to boost BEC liquidity
Atlantis has been paying its BEC bill before receiving it to boost the cash-strapped Corporation’s cash flow, its top executive warning that lower energy costs were “imperative” for Bahamian economic success.
Businesses exposed to VAT penalties by employee fraud
Businesses must beware employees exposing them to Value-Added Tax (VAT) penalties by committing fraud, a well-known accountant urging that they enhance their internal controls.
Carnival works with Gov't to aid cruise passenger security
CARNIVAL Cruise Lines is working with the Bahamian authorities to enhance visitor security its chief executive recently confirmed, adding that it also had concerns about Value-Added Tax’s (VAT) implementation.
History shows price of Gov't appeasement
CARNIVAL Cruise Lines is working with the Bahamian authorities to enhance visitor security its chief executive recently confirmed, adding that it also had concerns about Value-Added Tax’s (VAT) implementation.
Identify theft, bribery schemes on the rise
BAHAMIAN accountants specialising in internal fraud investigations have noticed a rise in identity theft and bribery schemes likely brought on by unemployment.
Tax expert: Bahamas' low VAT rate to lower inflation
The Government’s decision to opt for a “relatively low” 7.5 per cent Value-Added Tax (VAT) rate should ensure the Bahamas avoids a major inflationary impact unlike other nations, an international tax expert says.
Family Guardian ratings reaffirmed
BISX-listed Family Guardian Insurance Company has seen the world’s leading insurance credit rating agency reaffirm its top financial strength ratings.
US officials in Baha Mar tour
Senior US Embassy officials have been introduced to Baha Mar’s executive team and taken on a tour of the luxury $3.5 billion resort.
Port Lucaya Marketplace buyer in carnival donation
The potential purchaser of Freeport’s Port Lucaya Marketplace has donated funding to the combined Grand Bahama Carnival Company. The money will be used to develop prototype costumes for next year’s Bahamas Junkanoo Carnival set for May 7-9, 2015.
Businesses exposed to VAT penalties by employee fraud
By NATARIO McKENZIE
Bahamians get top mediation honours
Two Bahamians have obtained the advanced certificate in Trust and Estate Mediation, and lead the way among trained professionals for Alternative Dispute Resolution (ADR) cases.
Tolerating bad staff undermines business
We have seemingly developed a culture of allowing major workplace infractions to go unresolved without consequences for those responsible.
Developer allowed to appeal troubled $30m PI condo sale
The developer of a distressed $30 million Paradise Island condominium project has been given permission to appeal the Supreme Court order permitting CIBC FirstCaribbean International Bank (Bahamas) to sell it.
Wilson: VAT 'hiccups won't be catastrophic'
The Bahamas is doing everything possible to prevent inevitable Value-Added Tax (VAT) implementation “hiccups becoming catastrophic”, a leading businessman yesterday expressing confidence any difficulties would be “minor”.
