Minnis blasts over-the-hill tax free zones ‘nonsense’
DR HUBERT Minnis last night branded assertions by government officials that “nobody is losing anything” from the extinction of Over-the- Hill ‘tax free’ zones as “the biggest nonsense I have ever heard”.
Waste, ‘political attitudes’, bar IMF’s hospital user fee plans
AN ex-health minister says “wastage”, combined with zero political appetite, means the IMF’s call for the imposition of hospital user fees on those “with greatest capacity to pay” is likely a non-starter.
Gov’t set to refinance $2.4bn in six months
THE Government has to refinance almost $2.4bn in maturing debt during the six months to end-June 2024, it has been revealed, with its euro-denominated liabilities almost doubling in percentage terms.
‘Just have to trust’ gov’t over deficit
BAHAMIANS “just have to trust” the Government’s assertion that the public finances are still on track to meet their full-year targets despite the early outturn, a governance reformer says.
BTC to give 300 consumers one month’s credit on outage
The Bahamas Telecommunications Company (BTC) will give the 300 customers impacted by an eastern New Providence network outage a credit equal to one month’s service fee.
‘Passing mark’ could spark Bahamas’ blacklist escape
A CABINET minister has signalled The Bahamas could escape the European Union’s (EU) tax blacklist within weeks after it received a “passing mark” over a key issue that prevented its removal in late 2023.
Personal income tax not on gov’t ‘agenda’
A CABINET minister has affirmed that the introduction of a personal income tax is “not on our agenda” - not even for the top 10 percent of earners as recommended by the International Monetary Fund (IMF).
Tax reporting woes ‘behind us in a week’
A CABINET minister has pledged that the woes with the Government’s online tax reporting portal “should be behind us in the next week” with “some stark improvements” already occurring.
Combining law and ethics to give exemplary conduct
While legality and ethics intersect frequently in the business world, they can also diverge in critical ways that shape a company’s foundation and future. Legality to compliance with laws and regulations, while ethics pertains to moral principles that govern behaviour. For companies looking to succeed while maintaining their integrity, understanding both is vital.
Swift changes
ActivTrades
CHANGES happened for this year’s Super Bowl, the multi-billion dollar sporting event. The NFL’s grand finale is undergoing a female revolution. Because of star guest Taylor Swift, health and beauty companies are also getting involved as advertising customers for the first time ever.
‘Miracle received’: Hotel union hails 11% pay rise
The Government’s top labour official yesterday said “we received that miracle” asked for as the hotel union’s president hailed an 11 percent “across the board” wage increase from the new industrial deal.
Deficit ‘on target’ despite beating full-year by $54m
The Government’s top finance official last night asserted that the fiscal deficit remains on target even though it exceeded the full-year target by $54.3m after just five months.
Gov’t doubles social assistance to $14m
“Front-loaded” salary increases for public sector workers were the main driver behind the $36.4m year-over-increase in the Government’s first quarter fixed-cost spending, it was disclosed yesterday.
Contractor awarded $63,000 in multi-million Palm Cay fight
A major eastern New Providence development has been ordered to pay a former contractor $63,047 after an acrimonious battle involving competing claims over breaches of two multi-million building contracts.
Crime fears collapse $18m PI home sale
An $18m home sale in Paradise Island’s Ocean Club Estates collapsed yesterday after the buyer was spooked by The Bahamas’ crime woes, with a realtor warning: “We’re going to pay for that.”
