Central Revenue Agency created by 'middle-2015'
The Government’s Central Revenue Agency (CRA) could be created by mid-2015, a senior Ministry of Finance official said yesterday, adding that it would “certainly” come into being before next year ended.
Moody's: Fiscal deficits 'double' Gov't estimates
The Bahamas’ fiscal deficits for the two upcoming Budget years will be double what the Government is projecting, with Moody’s branding its consolidation targets as “hard to achieve” due to the weak economy.
Gov't 'undecided' over Freeport services VAT
The Opposition’s finance spokesman says the Government is yet to decide whether to levy Value-Added Tax (VAT) on services transactions between Grand Bahama Port Authority licensees, a situation he branded as “crazy”.
Burger King adds 61 jobs
Burger King (Nassau) has invested almost $1 million to launch its latest restaurant on Carmichael Road, a move that will create 61 jobs.
Chamber chief: Delay joining WTO until 2017
The Bahamas should “put off” becoming a full World Trade Organisation (WTO) membership until 2017, a leading private sector executive said yesterday, as this would provide enough time to assess Value-Added Tax’s (VAT) performance.
Tie web shop taxes to VAT rate increases
The Bahamas Chamber of Commerce’s (BCCEC) chairman yesterday called for web shop taxes to be bound to the Value-Added Tax (VAT) rate, so that they increased whenver the latter did.
Moody's 'validates' private sector energy reform push
Moody’s believes the Bahamian economy will experience “major improvement” if the Government successfully executes energy reform, adding that this could also “offset” Value-Added Tax’s (VAT) cost impact.
Key Water Corp contractor beating loss reduction goal
A key Water & Sewerage Corporation (WSC) contractor yesterday said it was “well ahead” of its 2014 target to reduce water system losses to 5.49 million gallons per day, having replaced 25 per cent of New Providence’s service connections.
ART OF GRAPHIX: Websites which deliver answers
Most business owners are aware of the benefits that come from owning a website, but perhaps do not know how to create one. They are left with no other choice but to hire a web designer, a big step in the right direction.
Gov't urged to develop New Providence Land Use Plan
Outspoken attorney Fred Smith has urged the Government to fulfill its legal obligation to introduce a Land Use Plan (LUP) for New Providence, and called on it to stop behaving “like a dictatorship”.
MacDonald's executives in team building focus
The senior leadership at DanBrad Ltd, the MacDonald’s franchise owners, held their first annual management retreat in Harbour Island on September 5.
Nygard 'obstruction of justice' claims
Peter Nygard was yesterday accused of “obstructing justice” by seeking to contact a whistleblower allegedly possessing video footage showing the Canadian fashion mogul’s “political corruption in the Bahamas”.
Freeport services VAT: 'No Gov't revenue gain'
The Government’s plan to levy Value-Added Tax (VAT) on services transactions between Grand Bahama Port Authority (GBPA) licensees was yesterday described as “peculiar”, given that it would likely generate zero revenue for the Public Treasury.
MP: What about existing web shop loans?
The Gaming Bill and accompanying regulatory package fails to address the multi-million dollar ‘parallel banking system’ created by a web shop industry that is unlikely to “suddenly give that up”, Tribune Business was told yesterday.
Betty K employee wins 'wrongful dismissal' case
The Court of Appeal yesterday upheld an ex-Betty K Agencies employee’s wrongful dismissal claim, expressing surprise that her supervisor was not fired instead for “misplacing a large sum of money”.
