THE ART OF GRAPHIX: Decoding graphic artists' language
Have you ever had the honour of sitting among a group of graphic or web designers, listening to them speak? Puzzling isn’t it?
IRS seeks details on Butterfield accounts
Butterfield Bank (Bahamas) chairman yesterday described as “complete news to me” the Internal Revenue Service’s (IRS) probe into alleged tax evasion using accounts at the bank and its regional affiliates.
Getting caught in the VAT net
Value-Added Tax (VAT) is a levy on profit in terms of the difference between the input cost and the amount billed. The Bahamian model is still evolving. No doubt, there will be more exemptions and exceptions. That said, we will undoubtedly be implementing it. The only doubt is when this will happen.
BISX unveils second SMART fund listing
The Bahamas International Securities Exchange (BISX) yesterday announced the listing of its second SMART fund in the shape of the Internazionale Investment Fund.
Commonwealth in 35% profit rise
Commonwealth Bank yesterday unveiled a 35 per cent year-over-year comprehensive net income increase to $39.3 million for the first nine months of 2013, largely due to reductions in non-performing and charged-off loans.
Resort yells 'Wahoo' over fishing sell-out
THe historic Bimini Big Game Club & Marina is already sold out for its upcoming third Wahoo tournament, its general manager telling Tribune Business yesterday: “It’s our biggest Wahoo event so far”.
Bahamas 'cannot afford' failure with tax reform
A co-chairman of the Bahamas Chamber of Commerce & Employers’ Confederation’s (BCCEC) ‘Tax Coalition’ says the Government must ensure the right systems are in place to prevent revenue leakage under its proposed Value-Added Tax (VAT), adding: “The one thing we cannot afford is a failure”.
Bahamas in Latin America Landfall
The Bahamas Financial Services Board (BFSB) held its third and final Landfall event for 2013 in Miami on Thursday, November 7, in a bid to present a comprehensive picture of what the Bahamas has to offer the Latin American market.
Stamp Duty exemption: 30-40% of applicants face year-end 'cut off'
Around 30-40 per cent of applicants for the first-time buyer Stamp Duty exemption on real estate transactions could lose the concession if they fail to respond to the year-end “cut-off” date imposed by the Government.
Realtor: 30% inquiry boost from western NP 'game changer'
The volume of inquiries for western New Providence real estate has increased by 30 per cent in the last three months, a well-known realtor yesterday disclosing that gated community purchases were generating up to 9 per cent investment returns.
'Concern' $500m windfall will ignite spending
THE Government was yesterday urged to present a clear plan for what it intends to do with the $500 million revenue ‘windfall’ generated by Value-Added Tax (VAT) and other reforms, a leading accountant warning of “concern and disbelief” that this would ignite a spending spree.
Water plant's operator fears $3.45m goodwill hit
BISX-listed Consolidated Water last night warned Bahamian investors there would be a material impact on its financial performance if the Government decided not to renew its contract to operate the Windsor reverse osmosis plant, something that would force it to take an impairment hit to its $3.45 million ‘goodwill’.
Dive companies 'shaking in our boots' over VAT
Bahamian dive operators were last night “shaking in our boots” over the likely impact from Value-Added Tax (VAT), their president telling Tribune Business it would cost his firm “the lion’s share” of a segment that accounts for 80 per cent of his business.
MARKETING REVOLUTION: 'Political' nous key to marketing change
When I was in the technical field, an industry slogan was: “No one ever got fired for buying IBM.”
Gov't VAT push 'out of sync'
THE Government’s Value-Added Tax (VAT) roll-out is “out of sync”, a leading private sector executive said yesterday, charging that its public relations campaign in the absence of legislation and regulations was “creating hysteria in the marketplace”.
