Gov’t ‘wipes away hundreds of millions in property tax arrears’
The Ministry of Finance’s top official yesterday said the Government has “wiped away hundreds of millions in real property tax arrears” as he branded this nation’s tax system “the most competitive in the Caribbean”.
Bahamas ‘going in reverse’ through 20% cash increase
The Bahamas is “going in reverse” by increasing physical cash in circulation by 20 percent, a digital payments provider argued yesterday, even though its Sand Dollar roll-out is “the model for the rest of the world”.
Tax collection is too ‘combative’
Tax collection in The Bahamas is a “combative experience” where businesses are treated as “frauds” if they interpret the rules differently from the Government, a senior banker argued yesterday.
Just 20% compliance by short-term rentals
Dexter Fernander, the Department of Inland Revenue’s (DIR) operations manager, said they have seen a 20 percent voluntary compliance rate from short-term rental owners in registering their businesses and obtaining the necessary licences.
US and China battle on Bahamas investments
The top US and Chinese diplomats in The Bahamas yesterday exposed the increasing geopolitical tensions set to impact this nation after the latter encouraged it to sign on to Beijing’s multi-billion global infrastructure initiative.
Realtors predict 30% deal surge with market ‘on fire’
Realtors yesterday predicted an up to 30 percent increase in deal volumes for 2025 with the Bahamian high-end property market said to already be “running on all cylinders”.
CCA to protect resorts’ staff from Sarkis ‘chaos’
Baha Mar’s contractor yesterday slammed the bid by Sarkis Izmirlian to wind-up its two Nassau hotels as “meritless” while pledging to protect hundreds of Bahamian workers from potential “chaos”.
Abandoned $1m lawsuit’s energy reform questions
An abruptly-withdrawn $1m legal claim has exposed questions about the Government’s handling of renewable energy reforms designed to save Bahamian households and businesses millions of dollars.
Bahamians told: ‘Revisit savings, lifestyle’ to gain home ownership
A prominent realtor yesterday urged Bahamians to “revisit their lifestyle and savings” habits if they wish to fulfill their home ownership dream with high-end residential properties now being marketed for up to $50m.
Consumer watchdog touts $240k complaint recovery
A government watchdog yesterday revealed it had recovered $240,426, or more than one-quarter of the value of complaints submitted to it by Bahamian consumers, for the 2024 full-year.
Union chief: ‘We’ll do what we have to’ over strike injunction
The Trades Union Congress (TUC) president pledged “we will do what we have to do” after the Government obtained a temporary court injunction ordering all doctors, nurses and air traffic controllers back to work.
Skydive licence delay on police probe into threats
The Bahamian aviation regulator yesterday revealed it will not approve a skydiving excursion provider’s licence to operate due to a police probe into recorded threats he allegedly made to its officials.
Unions ‘strong as a monkey’s tail’
The Trades Union Congress (TUC) president yesterday asserted the umbrella body and its 14 affiliates are “strong like a monkey’s tail” as he hit back at critics of their members’ sick-outs and strike action.
Wedding planners aiming to grow 1,000-strong base
Bahamian wedding planners yesterday said they are aiming to increase the up to 1,000 international couples they cater to annually through their upcoming 2025 trade show.
Sarkis: ‘Jobs safe’ in CCA wind-up bid
Baha Mar’s original developer yesterday pledged hundreds of Bahamian jobs will be protected despite his bid to wind-up two major Nassau hotels.
