Fire hits Cable's Internet service
BUSH fires causing damage to a fibre optic cable resulted in disruptions to broadband Internet service on Abaco, Eleuthera and Grand Bahama, Cable Bahamas has confirmed.
Teachers join VAT opposition
The BAHAMAS Union of Teachers’ (BUT) president said yesterday that its 4,000 members were adding their voices in opposition to the “regressive” Value-Added Tax (VAT), as there was still a “great deal of uncertainty” as to how the profession would be impacted.
BISX adds to fund family
THE Bahamas International Securities Exchange (BISX) yesterday made another addition to its investment fund roster, adding the listing of Queluz Brazil Funds SAC Ltd’s Class A shares.
BTC in 'substantial' $1m VAT systems bill
Thousands of Bahamas Telecommunications Company (BTC) pre-paid cellular customers will see their calling costs increase 15 per cent under Value-Added Tax (VAT), with the carrier itself set to incur a “substantial” $1 million bill just to make its systems compliant.
Developer: 'Fix Planning law sooner, not later'
The Government has been urged to fix its main Planning law “sooner rather than later”, a leading developer warning that otherwise all development projects will become bogged down in “never ending Judicial Review” actions.
Wilson: Gov't 'unwise' to ignore VAT fears
The Government’s biggest private sector supporter believes it would be “unwise” to ignore the “widespread opposition” to Value-Added Tax (VAT), as he appeared to back the merits of a payroll tax alternative.
DPM 'failed twice' to halt Blackbeard Cay development
The Deputy Prime Minister allegedly twice failed to live up to promises made to environmental activists to halt the controversial Blackbeard’s Cay project, court documents have alleged.
Retail fears VAT 'death sentence'
Bahamian retailers yesterday warned that Value-Added Tax (VAT) could be a “death sentence” for many local businesses, with several industry operators already having told staff to look for new jobs come July 1.
Call for Greater Bahamian equity in banking sector
THE Government has been urged to pressurise the Canadian-owned banking institutions to offer Bahamians more shares in their local subsidiaries, calling it “mind boggling” that they were still almost exclusively owned by non-Bahamians.
Duty-free goods VAT 'counter productive'
LEVYING Value-Added Tax (VAT) on duty-free merchandise was yesterday described as “counter-productive” to boosting tourist spending, with retailers calling on the Government to lower the existing tax burden on such goods.
Banks urged: Lower your debit card fees
REDUCED fees on debit card transactions could significantly boost commerce in the Bahamas, a leading businessman noting that credit card purchases effectively ruled out roughly 80 per cent of the shopping public.
Gov't will 'go bankrupt' if Planning law enforced
The Government has allegedly admitted to environmental activists that it cannot enforce its own Planning laws because it would “go bankrupt” in trying to do so.
AML chief urges end to 'ridiculous' Price controls
AML Foods chairman yesterday reiterated calls for the Government to abolish price controls, arguing that high levels of competition in the food retail industry meant it no reason to “meddle”.
Central Bank's 'big red flag' on VAT impact
A Tax Coalition co-chair yesterday said the Central Bank had sent up a “big red flag” over Value-Added Tax’s (VAT) likely impact on consumer spending, adding that the fiscal numbers had not hit position “where we can beat our chests with success”.
Blackbeard's Cay developer fears for $8m project
Blackbeard’s Cay’s developer yesterday warned that the legal action challenging the project’s permits could jeopardise “over 100 jobs” and its $8 million investment, plus send a bad message to other investors.
