'We don't want V.A.T., even at 1/100 of 1%'
Super Value’s owner yesterday said Bahamians “don’t want VAT under any circumstances, even at 1/100th of 1 per cent”, and called for the Government to instead implement a wide-ranging fiscal reform package that included a sales tax.
Small business 'under 5% ready' to handle VAT
Bahamian small businesses are “under 5 per cent ready” to handle Value-Added Tax (VAT) from an accounting perspective, a leading sector consultant warned yesterday, adding his voice to calls for an implementation date push back.
Gov't urged: 'Walk the talk' over new Immigration policy
A top QC yesterday applauded the Government’s promised ‘user-friendly’ Immigration policy as potentially “a significant game changer” for the Bahamian economy, but warned that this nation now had to “walk the talk”.
Accountants urge 7.5% VAT combined with 3% worker, company taxes
Bahamian accountants are proposing that a 7.5 per cent Value-Added Tax (VAT), combined with employee payroll and corporation taxes at 3 per cent each, could help achieve a balanced Budget within the Government’s target deadlines.
Bahamians warned to brace for 6% food price rise
Bahamian consumers were yesterday warned to brace for 6 per cent food price increases “across the board”, due to the damage done to US farmers’ crops and livestock by harsh weather conditions earlier this year.
Bahamian firm partners for 'unique' emergency offering
A Bahamian loss prevention/asset protection company has partnered with global travel/operational risk management provider, iJet, to bring a “unique” emergency service offering to the Bahamas.
Bahamians urged: Change financial mindset before VAT
Bahamians need to undergo a cultural change when it comes to borrowing and financial management as the Government readies to implement Value-Added Tax (VAT), a business consultant has warned.
VAT delay better than 15% rate cut for marina sector
LOWERING the Value-Added Tax (VAT) rate would be a “positive” for the marina industry, one local operator said yesterday, adding that the possible postponement of its implementation was “ even better news” given the uncertainty over its impact.
New Defence Force vessels a fisheries 'bright light'
THE Government’s move to bolster the Royal Bahamas Defence Force’s (RBDF) fleet by purchasing nine new vessels was yesterday described yesterday as a “bright light” for Bahamian fishermen in the long-running fight against illegal poaching.
THE ART OF GRAPHIX: Design passion into your work
Interacting with students and young designers has always been a rewarding endeavour for me. I often receive plenty feedback from potential designers and college students seeking advice regarding design careers. This unquestionably is a positive step in the right direction.
Staff at 17 companies 'wake up' against VAT
Employees at 17 Bahamian businesses shed their normal office wear last Wednesday in favour of brightly-coloured t-shirts to support the Coalition for Responsible Taxation (the Coalition).
Winterbotham becomes seventh BISX 'sponsor'
The Winterbotham Trust Company has been approved as the Bahamas International Securities Exchange’s (BISX) seventh sponsor member, responsible for ensuring the smooth listing of mutual funds on the exchange. It will be added to the roster of eligible sponsor members qualified to introduce mutual fund listings to BISX.
'Credibility issue' for small business reform
Bahamian small businesses have virtually zero confidence in the existing Government and private sector institutional support structure that is meant to assist them, creating “a possible credibility issue” for efforts to reform this initiative.
Tourism's 8% GDP share growth backs anti-VAT argument
A leading tourism executive yesterday said predictions that the industry’s contribution to Bahamian GDP will increase almost 8 per cent this year reinforce the need to ensure it remains “globally competitive against any other destination” post-fiscal reform.
Govt's landfill partner majority foreign-owned
The Government’s joint venture partner in efforts to reform New Providence’s landfill is a 60 per cent majority foreign-owned company that was initially formed, and registered, by Deputy Prime Minister Philip Davis’s law firm.
