'Minimum' 20% rise targeted for road, real property tax
The Government believes better administration will yield a “minimum” 20 per cent increase in real property tax and Road Traffic Department revenues, with its anti-tobacco smuggling measures already causing “greater compliance”.
Bad loans grow $102m during 2014
Bahamian commercial banks saw their bad loans increase by a collective $101.7 million during 2013 to hit a new record high of $1.352 billion come year-end.
Bahamians earmarked for key Sandals posts
Several Bahamians are poised to play key roles as Sandals Resorts International’s next tier of senior managers.
Venture fund targets Out Island expansion
THE Government-sponsored venture capital fund is looking to expand its investments further into the Family Islands, its vice-chairman telling Tribune Business that more than 50 businesses had received funding to-date.
Gov't urged: Print $500m to clear debt
Exchange controls are the “single biggest barrier to economic development in this country”, a well-known doctor arguing that their removal would enable Bahamian entrepreneurs and individuals to participate in major investment projects.
'Risk' broker may not return investor funds
There is a “legitimate risk” that a BISX-listed broker/dealer may not return funds caught up in a $340 million Ponzi scheme to their rightful owners, court documents obtained by Tribune Business have alleged.
Sandals: Guests calling in over strike concern
Sandals Royal Bahamian yesterday said future guests were already calling to ask if their vacations would be impacted, as the union purporting to act for its line staff voted in favour of a strike.
First BISX SMART Fund targeting Dubai 'trigger'
BISX’s first-ever listed SMART Fund will next week seek to raise capital from wealthy Dubai investors for potential Bahamian real estate investments, a businessman yesterday expressing hope this would be a “trigger” for the construction industry.
Realtor 'pioneer' eyes Middle East
A top realtor yesterday said he felt like “a pioneer” in his efforts to market the Bahamas to the world, as he seeks to build on his recent Chinese visit by now pitching to wealthy Middle East investors.
Top VAT adviser rejects 21-day tax reporting
A senior Ministry of Finance consultant yesterday dismissed the private sector’s call for quarterly Value-Added Tax (VAT) filing and reporting, saying this “would not suit the Government’s position”.
No healthcare ‘destabilisation’ from VAT reform
Value-Added Tax (VAT) should not cause any “major destabilization” to Bahamian health care costs, a senior Ministry of Finance adviser said yesterday, while acknowledging that providers would ultimately have to find ways to recoup their ‘input’ tax payments.
Financial executives: Simplify VAT language
More than 60 members of the Bahamas Financial Services Board (BFSB) packed a meeting room at the Ministry of Finance for an open discussion on the Government’s proposed Value-Added Tax (VAT).
Bahamas tops Caribbean on Brazil air benefits
The Bahamas would benefit the most out of four Caribbean countries from starting a direct flight between Nassau and the Brazilian city of Sao Paolo, an Inter-American Development Bank (IDB) report has suggested.
Bahamas must join 'innovative' IFCs to survive
There is a “legitimate risk” that a BISX-listed broker/dealer may not return funds caught up in a $340 million Ponzi scheme to their rightful owners, court documents obtained by Tribune Business have alleged.
Entrepreneurship crime war's 'missing element'
A well-known consultant yesterday said his planned Entrepreneurship programme is the “missing element” in the crime war, as he aims to graduate 200 ex-offenders to become business owners within six months.
