‘Highly probable’ most of $900m tax debts seized
The Ministry of Finance’s top official yesterday said the Large Taxpayer Unit is “just the start” of major reforms as he revealed it is “highly probable” much of $900m in past due taxes will be collected.
BISX-listed insurer takes ‘conspiracy’ damages hit
A sales agent has been awarded damages for “conspiracy” and defamation against her former BISX-listed employer, which tried to pinch her insurance clients after terminating their relationship.
Bahamian investment overseas to hit $100m
The Central Bank’s governor yesterday forecast investment by Bahamians in overseas capital markets and real estate could this year increase by 25 percent compared to pre-COVID and hit $100m.
US health upgrade gives tourism ‘unabated’ boost
A top hotelier last night said The Bahamas’ long-awaited COVID upgrade by the US health authorities will help ensure “pent-up demand for travel to The Bahamas continues unabated”.
Governor: Bahamas far away from debt default
The Central Bank’s governor yesterday voiced optimism that The Bahamas is far from a sovereign debt default as it retains multiple revenue-raising options including an income tax.
IAN FERGUSON: Social media presence needs constant refresh
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‘Unnecessary damage’: Food Task Force head rebuts PM
The head of the former COVID-19 feeding programme yesterday voiced fears that participants will be “unnecessarily damaged” by the Prime Minister’s continuing attacks on its work.
Top Customs officers in ‘vast fee disparity’
Two senior Customs officers received a combined $836,391 in reimbursements over a three-and-a-half year period by selecting themselves for the most lucrative import clearance assignments.
‘Comfort’ as PM pledges tax increases last resort
Businesses and Bahamians can take “comfort” from the Prime Minister’s repeated assertion that new and/or increased taxes will be “a last resort”, a governance reformer said yesterday.
PM unveils plans for $900m crackdown on large tax delinquents
The Prime Minister yesterday unveiled plans to crackdown on delinquent taxpayers owing a collective $900m by creating a unit to focus on the Government’s major revenue generators.
Brave double down on Govt’s ‘hidden’ $650m
The Prime Minister’s accusation that his predecessor hid an “astounding” $650m of unfunded liabilities from its pre-election fiscal report was yesterday exposed as a “difference in interpretation”.
Cruise passenger count at new post-COVID high
Nassau Cruise Port’s (NCP) new arrivals terminal will be operational by year-end 2022, its chief executive said yesterday.
DPM hails world’s largest cruise ship
The deputy prime minister yesterday hailed the arrival of the world’s largest cruise ship in Nassau as epitomising “what a good partnership is supposed to look like”.
Banks urged: Don’t leave buyers ‘holding the bag’
A prominent accountant has urged Bahamian financial institutions not to leave clients “holding the bag” by selling them repossessed properties in unapproved subdivisions.
Chamber chief urges VAT gasoline ‘cap’
Abaco’s Chamber of Commerce president yesterday urged the Government to “cap” the VAT it earns from taxing gasoline at 45 cents per gallon and “alleviate the pain” of soaring fuel costs.
