Yacht charters able to aid cruise conversion
Charter yacht industry participants say the sector can play a key role in converting cruise passengers to higher spending stopover visitors.
Governor: Profit repatriation tax would deter investment
The Central Bank's governor has warned against introducing a tax that solely targets profit repatriation on the grounds that it may deter foreign direct investment (FDI) into The Bahamas.
Bahamas failing to fully exploiting trade deals
The Prime Minister says Bahamian businesses are failing to properly exploit trade agreements that would give them preferential export access and potentially lower the cost of imports.
PM: Family Islands 'must not be left out'
The Prime Minister says the Family Islands must "not be left out" as he pointed to "major" investments in those locations and the $1.5bn project pipeline for Grand Bahama.
PM says ‘I have no disputes’ with GBPA
THE Prime Minister and Grand Bahama Port Authority’s (GBPA) president yesterday sought to downplay the two sides’ differences with the latter saying he is unaware if Freeport’s regulator is up for sale.
Chamber chair blasts tax portal as ‘complete mess’
THE Chamber of Commerce’s chairman yesterday blasted the Government’s new online tax payment portal as “a complete mess” with frustrated businesses receiving no relief from deadlines or fines.
Hotel deal: ‘11th hour impasse’ over minimum wage workers
HOTEL employers yesterday pledged that an “11th hour impasse” will “not derail” their bid to reach a new industrial deal amid accusations they are seeking to “discriminate” against minimum wage staff.
Firms do not possess ‘unlimited money tree’
THE Chamber of Commerce’s chairman yesterday said the Government seems to feel firms have access to an “unlimited money tree” with the private sector often falling victim to “suppressive” policies.
Commission calls police in over ‘fictitious’ e-mail
THE Securities Commission yesterday called for a police probe into a “fictitious” e-mail purporting to have come from its top executive which criticised proposed Securities Industry Act reforms.
Tax environment ‘worrisome’ for Bahamas-keen investors
A SENIOR accountant yesterday suggested The Bahamas should "pause" to assess whether its tax structure and mooted reforms are making the jurisdiction sufficiently attractive to investors.
Business Licences: Up to 20% facing extra scrutiny
UP to one in five Business Licence filings are facing extra scrutiny by the tax authorities, it was revealed yesterday, with construction, landscaping and “home based” auto dealers causing particular concern.
Unpaid property taxes hit $690m at mid-2021
UNPAID real property tax arrears totalled $690m at end-June 2021 despite exceeding target by 37 percent that fiscal year, the Government’s top financial watchdog revealed yesterday.
Albany chief faces ‘largest insider trading’ fine for decade at $50m
THE Bahamas-based billionaire who led Albany’s development will pay “the largest financial penalty for insider trading in a decade” at $50m after he yesterday pleaded guilty to perpetrating a securities fraud.
‘Moral imperative’ to boost financial watchdog’s staff
THE Government’s top financial watchdog has warned that “insufficient” staffing and resources are undermining its ability to protect Bahamians and hold successive administrations to account.
FTX peace terms approved by Bahamas and Delaware
THE peace deal between FTX’s Bahamian liquidators and their former US adversary has been approved by both the Supreme Court and Delaware Bankruptcy Court, it has been revealed.
