‘Stop throwing’ tax reforms at the electorate
A former attorney general yesterday urged all political parties to stop creating confusion around tax reform by simply “throwing things at the Bahamian people” in the general election run-up.
Bahamas tax system: ‘Unrestrained scope’ for corporate abuse
A Bahamian financial services provider yesterday said the country is failing to “take the bull by the horns” after it was ranked as the world’s 12th most harmful corporate “tax haven”.
Renewable boost via $9m grant financing
European Union (EU) grant funding has helped provide the government with a near-$90m financing line in its bid to seize “an a historic opportunity to transform” the energy sector.
The taxing path ahead
In the second of a three-part series, Hubert Edwards explains why income and/or corporate income taxes will inevitably be key in any reform discussion.
Blows traded over 10% VAT rate cut
The Opposition’s deputy leader yesterday blasted that a Cabinet minister “has no idea what he’s talking about” as the two sides continued battle over his proposal to slash the VAT rate to 10 percent.
Women suffering 15% tourism wage disparity
The Ministry of Tourism's director-general yesterday said earnings inequality remains an issue in the sector with women still earning on average 15 percent less than their male counterparts.
Gyms enjoy 60% business rebound
Gym owners yesterday said business is slowly rebounding from last year's multiple COVID-19 lockdowns with one proprietor revealing that activity has reached 60 percent of pre-pandemic levels.
Mario's half-open with key earners still closed
Mario’s Bowling and Entertainment Centre yesterday said it has only been partially allowed to re-open with the Government's COIVID-19 protocols mandating that key revenue areas remain closed.
Fintech broker/dealers expected to 'proliferate'
A Bahamian financial services executive yesterday said he expects a “proliferation” of new locally-owned broker/dealers and investment advisers operating in the fintech (financial technology) space.
Developer targets Marriott land in GB ‘stepping stone’
A major US developer is targeting the purchase of Marriott’s 30-acre Barbary Beach landholding in what could be “a stepping stone” towards much larger efforts to revive Freeport’s economy.
Airport financing divided into $30m bond placements
Investment bankers yesterday said they will raise the $150m funding for Family Island airport upgrades via a series of $20m-$30m bond offerings that will start to be placed by the second quarter’s end.
Bahamas must ‘face the music’ on income tax
A risk-management specialist yesterday warned The Bahamas will soon have to “face the music” and implement a personal and/or corporate income tax in response to internal and external pressures.
Minister: PLP VAT plan will cost $100m
A Cabinet minister last night argued that the PLP’s one-year VAT rate cut will “destabilise the economy” and government finances by costing the Public Treasury $100m in revenue.
PLP's minimum wage hike 'economic suicide'
The Progressive Liberal Party's (PLP) plan to increase the minimum wage by $40 per week was yesterday branded "economic suicide" by the private sector's top labour specialist.
Infrastructure Fund’s public offering plan
Bahamian investors will be given the opportunity to own a portion of the proposed National Infrastructure Fund via an initial public offering (IPO), a Cabinet minister confirmed yesterday.
