Stem Cell regulations to Parliament by month's end
FREEPORT - Draft regulations governing stem cell research and therapy in the Bahamas are now complete and should be presented to Parliament by the end of February, the Minister of Health says.
Dive operator fearing 10% price rise 'tipping point'
A top dive operator yesterday feared it might have reached “a tipping point” after being forced to raise its prices 10 per cent, as it warned of “civil unrest” over the increasing number of foreign boats exploiting Bahamian waters.
'How can tax ducker lecture Bahamas on VAT?'
The Bahamas Federation of Retailers (BFR) yesterday questioned how one of the Government’s leading Value-Added Tax (VAT) consultants could “lecture” Bahamians on the need to pay taxes when he was in default on his own.
Tobacco start-up targets up to $10m first year sales
A Bahamian-owned tobacco manufacturing start-up yesterday said it was targeting $5-$10 million in first year gross sales, but warned this and employee hires could be “significantly impacted” if no Excise Tax exemption was forthcoming.
Caribbean rivals 'would love us to implement VAT'
The Bahamas’ Caribbean rivals “would love us to implement Value-Added Tax (VAT”, a Tax Coalition co-chair believes, because any increase in costs further undermines this nation’s ‘US proximity’ advantage.
Minister: Web shop tax can reduce VAT burden
Another Cabinet minister yesterday added his voice to those calling for legalising a Bahamian web shop industry, suggesting the $20-$100 million in annual taxes it might generate could lessen what was needed from Value-Added Tax (VAT).
Tax uncertainty means no industrial investment in GB
GRAND Bahama may not see any substantial growth or investment in its industrial sector in the short-term until there is greater certainty over how Value-Added Tax (VAT) will affect Freeport, and issues relating to the Budget’s new Customs fees are resolved.
Stem cell facility eyes June opening
FREEPORT - FREPOR’s first stem cell therapy clinic will be ready by early summer to administer treatment to “no option” patients suffering from severe symptoms of coronary heart disease.
Resort targets local market
Grand Isle Resort & Spa yesterday said it is courting Bahamian business in 2014, offering discounts on villas and a competitive airfare through its strategic alliance with Sky Bahamas.
Internet provider to offer 'pay as you go'
A wireless Internet Service Provider (ISP) yesterday said it plans to offer the Bahamas’ first ever ‘Pay as You Go’ residential Internet service.
Return 'Old Nassau' for downtown revival
DOWNTOWN has the potential to become one of the most powerful destinations in the region if ‘Old Nassau’ is revived’ a well-known architect believes, noting that this nation has lost roughly 30 per cent of its tourism stopover business in less than a decade.
Gov't reaffirms stem cell focus
FREEPORT - A Cabinet Minister yesterday reaffirmed the Government’s commitment to developing a stem cell research industry in the Bahamas, saying it could inject hundreds of millions of dollars annually into the Bahamian economy.
Small business VAT costs 'double' UK's
Bahamian small businesses will likely incur Value-Added-Tax (VAT) compliance costs that are double those of their UK counterparts, a Tax Coalition co-chair estimated yesterday, describing this as “out of control”.
Tax co-chair queries 'immediate' end to $300m Customs duties
A Tax Coalition co-chair yesterday questioned why the Bahamas was rushing to “immediately” replace $300 million worth of Customs duties, when the rules-based trading regimes it is joining allow such change to be phased in.
Loss adjuster faces wind-up
A Bahamas-based loss adjuster will today face a winding-up petition in the Supreme Court for allegedly failing to pay $72,040 in costs to a firm that once provided management services to it.
