Renewable energy fearing 'significant harm' from VAT
Bahamian renewable energy providers yesterday warned of “significant harmful effects” if the sector is subject to 15 per cent Value-Added Tax (VAT), adding that it would undermine a key aspect of government policy.
Five remaining BEC bids still in hunt
The five remaining Bahamas Electricity Corporation (BEC) bidders all made additional submissions prior to Friday’s deadline, and all now await a likely presentation before a Cabinet committee.
Sandals: 'Good prospects' to eliminate union
Sandals Royal Bahamian has “good prospects” for succeeding with an appeal over a Judicial Review action that seeks to eliminate the trade union responsible for the recent strike vote against it.
Minister slams ex-Gov'ts WTO goods offering
A Cabinet Minister has criticised the former Ingraham administration’s goods offer to the World Trade Organisation (WTO) for not giving sufficient protection to niche Bahamian producers and incentivising them to expand.
Ruling 'really changes' strike vote processes
The Supreme Court has “really changed the way strike votes are conducted” through a verdict that quashed the 2013 poll involving Sandals Royal Bahamian workers as illegal.
Attorneys meet Ministry on VAT
Higgs & Johnson attorneys have met with John Rolle, the financial secretary, and other Ministry of Finance officials over Value-Added Tax (VAT), its ramifications and impending implementation. The session was described as “intense and tremendously beneficial”.
Butterfield wins Caribbean awards
Butterfield Bank and its international subsidiaries, including the Bahamas, has received three Financial Centre Awards from Citywealth, the UK-based publisher of wealth management industry news and directories.
A 'peeps' into staff motivation
Do you wish to know how to motivate yanna peeps? I love using Bahamian slang terms; my spell check goes bonkers.
'Mexican stand-off' on VAT bonded warehouses
The Government’s bonded warehouse plan to prevent Value-Added Tax (VAT) ‘double taxation’ has been branded “impossible and not practical” by the private sector, its Tax Coalition co-chair warning: “It’s not going to happen.”
Gov't: Deficit to come in lower than $443m projections
The Government believes its 2013-2014 fiscal deficit will be lower than the projected $443 million if it sticks to its consolidation plan, with half-year numbers “slightly better” than forecast.
$21m border taxes fall 'very serious' for impending VAT
THE Government has been urged to establish a ‘national land bureau’ for the management of Crown Land, a well-known doctor arguing that its sale and lease was being “misused and abused”.
$3.5m Bahamian hotel to become Schooner 'magnet'
An all-Bahamian investor team believes its $3.5 million boutique hotel will become a “magnet” at the heart of Schooner Bay, creating 20 jobs and a total $3 million economic impact for South Abaco.
GB Chamber confirms Judicial Review launch
A top QC has urged the courts to recognise that the Government has “repeatedly tried to break the Hawksbill Creek Agreement”, after Freeport businesses yesterday confirmed they will pursue a Judicial Review challenge to the 2013-2014 Budget’s new and increased taxes.
Accountant backs VAT as 'viable'
CAPTION: Kendrick Christie, president of the Association of Certified Fraud Examiners Bahamas Chapter, a Grant Thornton Bahamas partner and past president of the Bahamas Institute of Chartered Accountants, weighs in on the discussion over a proposed Value Added Tax, calling it ‘viable for The Bahamas’.
Bureau urged to stop Crown Land 'misuse'
THE Government has been urged to establish a ‘national land bureau’ for the management of Crown Land, a well-known doctor arguing that its sale and lease was being “misused and abused”.
