Arbitration ‘key tool’ for economic benefit
Arbitration is an "important tool" that will improve The Bahamas' competitiveness, ease of doing business and slash the time and money incurred by companies in pursuing expensive court litigation, a Cabinet minister asserted yesterday.
Real estate faces greatest corporate tax burden rise
Real estate firms will experience the highest increase in their tax burden for each of the four corporate income tax options that the Government is proposing as replacements for the turnover-based Business Licence fees.
Corporate tax plan 'dead on arrival' unless wider reform
The Government's corporate income tax consultation will be "dead on arrival" if it does not involve a "holistic" approach to comprehensive Bahamian tax reform, a prominent banker warned yesterday.
Super Value president: 'Things aren't flowing'
Super Value's president says that, while profit-based taxation "would be favourable" for food retailers, the Government must first prioritise the ease of doing business because "things aren't flowing like they should".
Keep Freeport out of a 'political cess pool'
Major figures in last year's protest march to the Grand Bahama Port Authority (GBPA) have reiterated their opposition to its acquisition by the Government for fear Freeport will be dragged into "a political cess pool".
PM unveils lease-to-own Crown Land return plan
The Prime Minister has pledged to launch a lease-to-own initiative involving Crown Land to entice Cat Islanders to return home.
Reinvesting 50% of corporate tax no GDP growth panacea
Reinvesting 50 percent of the revenues generated by a corporate income tax would lessen - but not eliminate - the negative economic impact of each of the four proposed implementation options, the Government is forecasting.
Bahamas in $800,000 farm deal with China
The Government has signed an $800,000 agreement with the People's Republic of China to help support Bahamian farmers through the provision of greenhouses.
Club Med: Over 75% of workforce returns
Club Med's general manager yesterday revealed that more than 75 percent of the resort's staff have returned to work at the property despite its near three-year shutdown due to COVID-19.
Little juice left
ActivTrades
Global stocks of orange juice have shrunk significantly, and raw material costs are rising. Consumers must be prepared for price increases for their most popular drink.
Revenue surge to $274m via corporate tax switch
The Government could near-double pre-COVID business taxation revenues if it were to implement a 15 percent corporate income levy across-the-board on all entities bar those generating less than $500,000 in annual turnover.
PM: $160m project to give 300 full-time jobs
The Prime Minister yesterday unveiled the revival of the long-awaited Cat Island Partners project with a "scaled down" $160.45m investment that aims to create 150 Bahamian construction jobs and up to 300 permanent posts.
Cat Island 'going to get whole hog'
Government officials yesterday pledged that Cat Island is "going to get the whole hog" when it comes to airport, roads and utilities upgrades and investments.
PM blasts 'blinkered' officials' tax attitude
The Prime Minister yesterday slammed "blinkered" public officials for adopting inflexible approaches to the collection of outstanding taxes that "close the business" and hinder economic growth and productivity.
CORPORATE TAX PLAN REVEALED: Govt favours proposal of 10-12 percent rate for most businesses
The Government is leaning towards reforms that will see most Bahamas-based businesses pay a "modest" corporate income tax of either 10 or 12 percent with the only exception being small firms earning less than $500,000 annually.
