PM: VAT Rate to be lower than 15%
Prime Minister Perry Christie last night confirmed that Value-Added Tax (VAT) would be introduction at a lower rate than the initially proposed 15 per cent, with the implementation date also subject to potential change.
Under 3% support Gov'ts VAT plan
Less than 3 per cent of Bahamians would be prepared to pay Value-Added Tax (VAT) at its initially proposed 15 per cent rate it if was introduced on July 1, a survey of New Providence residents has found.
Private sector fiscal analysis to 'heavily influence' government
The Bahamian private sector yesterday pledged to produce a tax reform impact analysis that “cannot be dismissed”, suggesting public “clamour” over the proposed Value-Added Tax (VAT) required the Government to carefully assess all such studies.
Don't be 'deer in headlights' if VAT not ready July 1
The Bahamas cannot adopt “a deer in the headlights” approach of Value-Added Tax (VAT) is not ready to go come July 1, a Tax Coalition co-chair yesterday calling for a phased approach to reform.
'Plantation attitudes' hurting work attitudes
For many years, the Bahamian corporate community has been challenged in keeping the workforce fully engaged and highly productive. Many discussions have been held to determine what can be done to encourage the Bahamian worker to be more efficient in the delivery and execution of duties.
PM unveils Out Island projects
THE development of a “ultra high end” eco-friendly resort for high-profile guests is being proposed by the purchaser of Children’s Bay and William’s Cay in the Exumas, Prime Minister Perry Christie said yesterday.
Credit unions build $260m in savings
THE financial co-operative sector has savings of $260 million, and assets in excess of $325 million, the director of co-operatives development said yesterday.
'Revolutionary' new fund product pledge
Less than 3 per cent of Bahamians would be prepared to pay Value-Added Tax (VAT) at its initially proposed 15 per cent rate it if was introduced on July 1, a survey of New Providence residents has found.
Law firm hosts regional summit
A leading Bahamian law firm recently co-hosted World Services Group’s (WSG) first annual meeting of the Americas. Graham Thompson co-hosted the meeting in Miami, Florida, from February 19 to February 21, along with the Venezuelan accounting and consulting firm Cifuentes, Lemus & Asociados, and Hoet Pel�ez Castillo & Duque, one of Venezuela’s oldest law firms. WSG is a network of 130 member firms in 115 countries around the globe, representing some of the world’s top providers of professional business services.
Ambassador meets Trade Centre chief
The Bahamian Ambassador to the United Nations (UN) Office and other international organisations in Geneva, Rhoda M. Jackson, has paid a courtesy call on Arancha Gonzalez, executive director of the International Trade Centre (ITC).
Four new credit unions for 2014
By NATARIO McKENZIE
Top provider slams landfill 'secrecy'
A leading waste services provider yesterday slammed the “secrecy” surrounding the Government’s plans for New Providence’s landfill, after a foreign company’s bid to manufacture recycled products in the Bahamas was revealed.
GAMBLING EXPANSION 'COULD RAISE $500M'
THE Bahamas should exploit the gambling industry “to the max” and permit other forms of gaming beyond the web shop industry, a local businessman said yesterday, suggesting this could generate up to $500 million annually.
Road opponents awaiting Privy Council reply
MEMBERS of the Coconut Grove Business League (CGBL) are still taking their case against the Government to the Privy Council, its spokesman yesterday telling Tribune Business there was not doubt “the law is on our side”.
$110m Long Island developers aim for 2014 JV progress
The developers behind the proposed $110 million Port St George project on Long Island yesterday said they would “be surprised if something doesn’t move this year” on finding a joint venture partner to move the development forward.
