Budget tax rises 'necessary evil'
A LEADING small business consultant yesterday called on the Government to “be creative” and examine the Family island development model, telling Tribune Business there were potential untapped revenue streams in the culture and heritage sectors.
'Dozens' move on Freeport tax recourse
A well-known QC yesterday said “dozens of Freeport businesses” had contacted him about bringing a lawsuit against the Government and Grand Bahama Port Authority (GBPA) over recent tax increases, adding that these were “decapitating” the city’s economy.
Shipping companies join anti-piracy war
Bahamas-based shipping companies have committed to making counter-piracy efforts a priority within their organisations, following the recent agreement signed between this nation and the US.
Gov't urged: Resist exemption 'clamour' over VAT reforms
The Bahamas’ proposed Value-Added Tax (VAT) will merely act as an ‘income replacement’ for the Government, a former Barbadian prime minister warning yesterday that “discipline” will be key to preventing the tax base’s erosion by ‘special interests’.
Bahamas can't remain WTO's 'odd man out'
The Bahamas will find it impossible to maintain its status as free trade’s ‘odd man out’, a former Barbadian PM yesterday warning that its World Trade Organisation (WTO) accession terms will determine whether Value-Added Tax (VAT) is successfully implemented.
Guy Harvey resorts enjoy 'good summer'
THE eco-friendly Guy Harvey Outpost brand says Old Bahama Bay and the Green Turtle Club, rebranded under its Expedition Properties Portfolio, are enjoying a “pretty good summer” with “encouraging” performances.
Budget's 'gut punch' for 50% Polymers expansion
A top manufacturer’s plans to expand plant capacity by 50 per cent have been sent back to the drawing board by the Budget, delaying a project that promises to create up to 50 permanent Bahamian jobs.
QC eyes Freeport class action over Customs 'intrusion'
A well-known QC is studying whether Customs latest “intrusion” warrants a ‘class action lawsuit’ for breaching both the Hawksbill Creek Agreement and the constitutional rights of 3,500 Freeport businesses.
Freeport 'double and triple taxed'
Grand Bahama Port Authority (GBPA) licensees are being “double and triple taxed” due to the Budget’s new and increased fees, and are warning the Government it is “attacking the goose that laid the eggs”.
'Absolutely destroyed' by Customs fee rises
The Bahamas Chamber of Commerce’s (BCCEC) vice-chairman says new and increased Customs fees have “absolutely destroyed” both his business and hopes of developing Freeport into a logistics/distribution hub.
Broker: SEC 'can't make fraud case' over $11m scheme
A Bahamian broker and its principal are arguing that US regulators “cannot make a case for securities fraud” against them over an alleged $11 million ‘pump and dump’ scheme.
Entrepreneur workshop attracts more than 125
More than 125 participants attended the Entrepreneur Empowerment Workshop hosted by Mark A. Turnquest & The Small Business Resource Centre.
VAT phase-in urged to avoid 'convulsions'
A prominent businessman has called for a 15 per cent Value-Added Tax (VAT) to be phased-in over six years, warning that implementing it in one go would cause “an enormous shock to the system”.
PwC pushes greater Caribbean integration
PricewaterhouseCoopers (PwC) is aiming to leverage its regional network through different jurisdictions working more closely together, in a bid to better support clients.
CHAMBER VOICE: Place nation's Core Values in business
As a nation we have recently celebrated 40 years of independence. As a sovereign country for four decades, there is a certain degree of maturity that is expected in political, social and economic life.
