Exumians want to 'own tools' in island's 'transformation'
Exumians want “to be more than employees” in the numerous multi-million dollar investment projects than can “transform” the island’s economy.
Gov't fails to heed tax 'buy in' warning
The Government has seemingly failed to act on the Tax Coalition’s spending and compliance recommendations to ensure reform buy-in, and outright rejected calls for their to be “proportionate reductions” in border taxes.
Super Value chief calls for pricing, exemption clarity
Super Value’s owner yesterday urged the Government to publish its list of Value-Added Tax (VAT) ‘exempt’ items, and called for prices to be confined to store shelves - not the products.
Coalition chief: Duty reversal impact 'notas radical' as feared
The price impact from the Government’s decision not to drop import tariffs in proportion to 7.5 per cent Value-Added Tax (VAT) will “not be as radical” as many in the private sector believe, a Tax Coalition co-chair argued yesterday.
South Eleuthera to 'exceed glory days'
A Bahamian resort developer yesterday said that together with a proposed Four Seasons property nearby, they would “exceed South Eleuthera’s glory days” that were experienced under Pan-Am founder Juan Tripp.
Auto prices 'worse' if VAT levied at port
A leading auto dealer yesterday urged the Government to clarify whether it will levy its 7.5 per cent Value-Added Tax (VAT) at the border, warning that the tax burden will be “worse” than its initial model if it does.
'More friendly' Business Licence fee called for
A Tax Coalition co-chair yesterday called for “a concerted effort to make the Business Licence more business friendly”, after the Government failed to heed its advice to reduce it to 0.5 per cent for all VAT-registrant firms.
Downtown Act additions to boost 'living city'
THE Downtown Nassau Partnership (DNP) is talking to the Prime Minister’s Office over additions to the City of Nassau Revitalisation Act, which would boost development along Nassau’s waterfront, its managing director saying: ”We want to create a living city”.
Bahamian hits top in Sandals training
Bahamian Delino Moss took the top spot of valedictorian at Sandals’ Management Trainee Programme (MTP) graduation this week.
Andbank develops Bahamian talent
Andbank (Bahamas) is moving to develop Bahamian talent, starting with two College of the Bahamas (COB) students.
Gov't told: Expand hybrid tax break
DUTY reductions on hybrid vehicles should also be offered on traditional autos that provide similar or better fuel efficiency, a leading dealer said yesterday, noting that the proposed 35 percentage point duty reduction on hybrid trucks was not enough to offset the high technology cost.
Gov'ts 'leaps and bounds' VAT backtrack picks 7.5%
The Government yesterday backtracked “by leaps and bounds” on its key fiscal reform, cutting the proposed Value-Added Tax (VAT) rate in half and bringing other key features into line with private sector and consultant recommendations.
Tourism: VAT rate cut to keep industry 'globally competitive'
Hotel industry executives yesterday backed the Government’s decision to cut the Value-Added Tax (VAT) rate in half as keeping the sector “globally competitive”, despite its rejection of their own 6 per cent recommendation.
FNM in 'double taxation' fear
THE Free National Movement (FNM) yesterday expressed concern that the Christie administration was effectively “double taxing” Bahamian companies for at least six months, after the Prime Minister suggested there would not be an immediate reduction in Customs duties simultaneous with Value-Added Tax’s (VAT) January 1 implementation.
Private sector: Budget 'devil in the detail'
Private sector executives yesterday warned that “the devil’s in the detail” when it came to fiscal reform, despite expressing satisfaction that the Government’s revised Value-Added Tax (VAT) proposal was more in line with their recommendations.
