VAT boost from $2bn real estate purchases
More than $2bn in real estate sales were brought forward for stamping and the payment of taxes during the first 11 months of the 2021-2022 fiscal year, it has been revealed.
‘Can’t be left behind’ in competitive world
The global pandemic has presented us with many opportunities and lessons for creating a society that is more sustainable and better prepared.
Aviation relief as ‘really ugly’ outcome averted
Bahamas Customs has apologised for its now-aborted efforts to introduce a new border control system for private aviation that could have produced “a really ugly” outcome if implemented.
Bank chief challenges PM over $80m ‘revenue loss’
A Bahamian commercial bank chief yesterday challenged the Prime Minister’s assertion that the Government lost $80m in revenues through the sector’s 2018 tax structure change to meet the European Union’s (EU) demands.
PM ‘confident’ over bank tax despite blacklist fear
The Prime Minister yesterday voiced “confidence” that changes to commercial bank taxation will not violate existing agreements with the European Union (EU) despite Opposition fears it “could shake the foundation of our credibility”.
PM: Property tax arrears at $800m
The Prime Minister yesterday revealed that real property tax arrears now total $800m as he pointed to the Government's plan to allocate all past due revenues to paying off the national debt when collected.
House blows traded over 350% yacht charter hike
The Prime Minister and an ex-Cabinet minister yesterday traded blows over the Government's plan to increase the taxation rate on foreign charter operators by 350 percent in the upcoming 2022-2023 fiscal year.
ART OF GRAPHIX: Promoting greater staff advancement
You have been working hard, putting in long hours at the office and giving in to every demand from your boss, and you are still being passed over for a promotion. Being a loyal worker clearly is not enough to get you to the next career level, so what is a dedicated employee to do?
Managing the Budget’s perils
The 2022-2023 Budget has generated vibrant, robust discussion in certain quarters and an uncanny level of silence in others.
'Economic dignity': Container Port slashes casuals to 24%
The Prime Minister yesterday said the Government's drive for "economic dignity" had resulted in Freeport Container Port reducing the number of "casual" employees in its workforce to 24 percent.
Agricultural Fund seeking to revive interest among young
A Cabinet minister yesterday said the Government plans to create an Agricultural Development Fund that will give young farmers access to grant and loan financing.
Last-minute rescue for private aviation
Bahamas Customs yesterday flew to the private aviation industry’s last-minute rescue by delaying implementation of a new border control regime that some feared could drive away up to 50 percent of this nation’s business.
Cruise port hits 97% end-May occupancy
Passenger occupancies on vessels calling at Nassau Cruise Port in the final week of May exceeded 97 percent, it was revealed yesterday, signalling the sector is closing on full recovery from COVID-19’s ravages.
Budget’s housing focus can be ‘windfall catalyst’
The Budget’s focus on stimulating home ownership “could be the catalyst that triggers an economic windfall” by boosting investor confidence in the wider economy, the Bahamian Contractors Association’s (BCA) president believes.
‘Get past need for Budget secrecy’
The Government must “move past this need for secrecy” in the annual Budget process and avoid blindsiding the private sector and wider Bahamian public on planned fiscal reforms, a prominent banker is arguing.
