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.
DEIDRE BASTIAN: How to boost online client engagement
Trying to capture new customers can sometimes become challenging, especially is you are using Facebook and other social media platforms as your tools. This has been an issue for a while, prompting companies to invent new strategies to keep their numbers up.
‘Absolute frenzy’ on VAT over tax portal struggles
BUSINESSES endured “an absolute frenzy” to meet Monday’s VAT payment deadline due to continued “growing pains” with the Department of Inland Revenue’s tax portal, it was revealed yesterday.
Controversial $1.3m propane plant agrees approval ‘quash'
A BID to develop a $1.3m “state-of-the-art” propane gas plant off Tonique Williams Highway was yesterday withdrawn before residents could seek to overturn the initial planning approvals it obtained.
Gov't 'on target' for 60-day contract unveiling by March
The Government's top procurement official yesterday predicted that it will be "on target" to disclose all contract awards within 60 days - as required by law - come March 2024.
Attorney loses challenge to overturn disbarment
A Bahamian attorney yesterday lost his challenge to the process that saw him disbarred over real estate transactions where he twice represented both parties in deals for the same property.
Balmoral condo hotel appeals may be joined
The planning authorities will decide on February 15 whether to combine two appeals over the Balmoral Club's plans to develop a condo hotel into one hearing.
Approval delays cost ex-Olympic swimmer
Planning authorities yesterday informed a former Olympic swimmer that there are no legal restrictions that can block the proposed expansion of his Rose Island beach day excursion.
Bahamas losing boating ground to the Caribbean
A former Association of Bahamas Marinas (AB) president yesterday warned Caribbean rivals are gaining a competitive advantage over The Bahamas with "new and innovative" legislation.
Charter Yacht Show to feature 60% more boats
The Bahamas Charter Yacht Show is this week returning for its second-year from January 25 to 28.
