RICHARD COULSON: VAT 'gaps' spark public resistance
At last we have it: The Government’s recently published ‘Summary and Explanation of the Draft Legislation’ is a solid, workmanlike summary of the proposed Value-Added Tax (VAT) regime.
PM set to address Business Outlook
Prime Minister Perry Christie has confirmed he will deliver the keynote address at the 23rd annual Bahamas Business Outlook (BBO) conference, scheduled for January 13, 2014, at the Melia Nassau Beach Resort.
Receiver's 'conflict concern over undervalued $15m sale'
The receiver for a well-known Abaco resort/marina development has alleged that part of its real estate holdings have been sold at $15 million below market value, with its property manager placing himself in “numerous conflicting positions”.
'Outrage' over punishment for Oceania lawyer
Homeowners at the controversy-plagued Oceania Heights project yesterday said they were “outraged and stunned” after the Bahamas Bar Association’s Disciplinary Tribunal effectively let one of the key players off with a “slap on the wrist”.
Satellite Bahamas chiefs hit by bank records blow
Satellite Bahamas’ principals have suffered a fresh blow in their ongoing battle with the US’s largest satellite TV provider, after a judge ruled that it could obtain information on their bank and personal financial transactions.
Six-month 'past due' loans double to 60%
The proportion of non-performing loans more than six months’ past due has almost doubled from pre-recession levels to 60 per cent, reflecting both borrower struggles and bank repossession difficulties.
VAT's 'stronger merits' defeat all alternatives
A top government official yesterday said Value-Added Tax (VAT) had “stronger merits” than any alternatives put forward by the private sector to-date, with those options also having to “confront” structural weaknesses in the Bahamian economy.
Scotiabank backs Junkanoo groups
With the countdown on for the upcoming Junkanoo Parades, Scotiabank (Bahamas) has provided financial donations to the major groups.
Giving gets you into the Christmas spirit
In DA marketing spirit. It is the holiday season, and for some it is a great time of sharing, socialising and, yes, eating. However, for others it is not such a good time for many different reasons.
Private sector unveils $304m new tax measures
The private sector’s Tax Coalition has submitted $304.427 million worth of new revenue-raising measures to the Government as part of its alternatives to Value-Added Tax (VAT).
Realtors object to three 'taxes' in Coalition plan
The Bahamas Real Estate Association (BREA) has objected to three revenue-raising proposals in the private sector’s Value-Added Tax (VAT) alternatives package, its president fearing they will have “grave consequences” for the industry if adopted.
Coalition: 'Cap' Gov'ts spending within 3-5 years
The private sector has called for Budget caps “to be imposed at all levels of government” within the next three-five years, as part of a 13-pronged strategy to rein in public spending and make the Bahamas “one of the most prized nations in the world”.
SEC case against Bahamian broker 'among weakest'
A judge has given a significant boost to a Bahamian broker/dealer and its principal in their ongoing legal battle with US regulators, finding that a key element of the case against them was “weaker than any other” he had seen.
Homeowners 'freaked out' by receiver's Orchid Bay takeover
Bewildered homeowners at a major Abaco resort/marina development yesterday told Tribune Business they were “a bit freaked out” after a team from Grant Thornton (Bahamas), backed by police officers, took over the site and removed the long-standing property managers.
Bahamasair targeting 30% tourist load rise
BAHAMASAIR is aiming to further drive growth in the international market, a senior executive telling Tribune Business that tourist traffic now accounts for roughly 30 per cent of passengers on its international routes.
