VAT's $165m revenue slump 'far off range'
The Government yesterday slammed as “far off range” a study suggesting Value-Added Tax (VAT) implementation would produce a $165 million decline in its total annual revenue intake.
Exporter fears over VAT refund timeframe
The Government’s proposed two-month timeframe for refunding companies their Value-Added Tax (VAT) input credits could place Bahamian exporters “at a major competitive disadvantage”, tying-up their working capital for three times’ as long as rivals.
'Worst crawfish season since '02'
THE 2013-2014 crawfish season is shaping up to be one of “the worst seasons in 11 years” for some Bahamian fisherman, the Bahamas Commercial Fishers Alliance (BCFA) president yesteday estimating the industry had yet to hit 25 per cent of its seasonal yield.
Aviation fuel supplier sees 40% sales fall
A leading aviation fuel supplier yesterday said its sales had slumped 30-40 per cent year-over-year, and warned that private pilot flights into Abaco were “at an all-time low”.
VAT oversight costs 'nowhere' near $67.5m
A top Ministry of Finance official yesterday said the Government’s costs to administer the proposed Value-Added Tax (VAT) would be “nowhere close” to the $67.5 million projected by a Nassau Institute study.
Study: VAT may exacerbate the 'brain drain'
Value-Added Tax (VAT) may exacerbate the ‘brain drain’ of the most skilled and talented Bahamians, a newly-unveiled study has warned, while potentially reducing consumer consumption by up to 15 per cent.
Law firm stages its ninth legal clinic
The Halsbury Chambers law firm will host its ninth annual free Legal Clinic, under the theme ‘Information You Need for the Life You Want’, this coming Saturday at its law office on Village Road from 9am to 3pm.
$200m project gets social media pay-off
The $200 million Palm Cay real estate development says social media connections are paying off for it, with thousands viewing - and hundreds liking - what they see on Facebook, Pinterest, Instagram and Twitter.
BTC 'on track' with franchise roll-out
The Bahamas Telecommunications Company (BTC) yesterday said it was “on track” with its nationwide franchise store roll-out having launched 12 to-date, leading to the creation of more than 50 jobs.
Bahamian resorts take top awards
Sandals Emerald Bay has taken top spot as ‘Leading Conference Hotel’ in this year’s World Travel Awards and North American Gala Ceremony (WTA), making it the brand’s first resort to ever clinch the category at these awards.
US loses $14m drug case ruling
The Court of Appeal has overturned the US government’s bid to enforce a $14 million seizure order against the Bahamas-based assets of convicted drug offender, Samuel ‘Ninety’ Knowles.
Government eyes extra $200m from VAT
The Government is expecting to raise an extra $200 million in annual revenues from its proposed Value-Added Tax (VAT), a well-known accountant said yesterday, a sum double what it expects to generate from this year’s tax changes.
Consultants target 20% market share
Bahamian management consultants are seeking to quadruple their share of a local market in which the Government awards up to $20 million worth of work annually.
$6bn project's PM meeting postponed until September 23
The developers behind a $6 billion project have been forced into a fortnight’s postponement of a key meeting with Prime Minister Perry Christie, but remain “highly confident” they can “put everything on the table” to satisfy the Government.
'Don't erode revenue base with incentives'
The Government “cannot afford any more erosion of the revenue base”, a top accountant warning it to “hold the line” on doling out further investment incentives to both Bahamians and foreigners.
