Bahamas 'devoted' to highest tax standards
A Cabinet minister told a Bahamas Financial Services Board (BFSB) hosted workshop that this nation is “devoted to meeting the highest international standards of tax cooperation and tax transparency”. Elsworth Johnson, minister of financial services,
Chamber chiefs happy with economic zones
Chamber of Commerce presidents yesterday said the post-Dorian Special Economic Recovery Zone (SERZ) initiative is going smoothly in both Abaco and Grand Bahama. Ken Hutton, head of the Abaco Chamber of Commerce, told Tribune Business: “Things are de
PM hits out on failed succession planning
The prime minister yesterday hit out at expatriate work permit holders who failed to train Bahamians to replace them, yet remained in this nation for years, for taking jobs away from locals. Closing debate on the mid-year budget in the House of Asse
'Mix-ups' to blame for Abaco port goods loss
Abaco’s Chamber of Commerce president yesterday called for better organisation at the island’s shipping port, adding that “mix-ups” rather than “higher levels of theft” are responsible for goods losses. Ken Hutton, pictured , speaking to Tribune Bus
BPL race to fix new plant issue: Minister orders firm it must resolve cooling problem with engines
Bahamas Power & Light is racing against time to have its new $95m electricity plant ready to meet peak summer demand after plans for its cooling system literally hit the rocks.
Funeral home row on Dorian burials
A minister has denied that the Government reneged “on its word” to allow a funeral home association to bury Hurricane Dorian’s unidentified victims on Abaco.The Bahamas Funeral Directors Association (BFDA), in a February 19, 2020, letter said it was
Gaming Board’s redundancy fail ‘mind boggling’ - judge
A Supreme Court judge has slammed the Gaming Board’s failure to follow “clearly set out” employment law procedures when it dismissed 24 staff as “mind boggling”.
AG hails ‘a new day’ on financial regulation
The Bahamas is targeting a June “exit” from a list of 18 nations with “strategic deficiencies” in their anti-financial crime defenses, the attorney general said yesterday, hailing “a new day” in regulation.
Land surveyors query PM over Crown Land
Private sector executives have challenged the Prime Minister’s assertion that a shortage of land surveyors is impeding the Government’s ability to issue Crown Land grants to Bahamians. Dave Taylor, secretary of the Bahamas Association of Land Surveyo
What impact will coronavirus have on financial markets?
The novel coronavirus first appeared in Wuhan sometime in December and, at the time of writing (February 19), there are over 70 million people infected worldwide, resulting in more than 2000 fatalities. The emergence of the disease triggered an unpre
Building materials still 'go missing' on Abaco
Building suppliers said port security remains a major concern in Abaco as reconstruction efforts start to ramp up because materials are still “going missing”.Chris Lleida, Premier Importers’ chief executive, said demand for the company’s construction
QC’s account closures cost Scotiabank $10k
A Bahamian QC has won $10,000 in damages from Scotiabank (Bahamas) after it abruptly closed his law firm’s bank accounts without giving any warning.
Dutch demand 9% corporate taxation to escape blacklist
The Netherlands yesterday demanded that The Bahamas implement a corporate income tax at 9 percent or higher as the price to escape tax non-cooperation “blacklist”.
OECD tax demands may 'devastate the economy'
The Bahamas “may devastate the economy” if it surrenders too easily to demands from high-tax European nations for a corporate income tax, a former finance minister warned yesterday. James Smith, who held the post during the first Christie administra
Two insurance sites eyed for Health ministry
The Government is in “very advanced negotiations” to move the Ministry of Health into two former insurance buildings in the Palmdale area, a Cabinet minister confirmed yesterday. Dr Duane Sands, minister of health, told Tribune Business that the for
