Yacht charter VAT removal ‘smartest thing I have heard’
The Association of Bahamas Marinas (ABM) president yesterday branded the Opposition’s pledge to eliminate the payment of VAT on foreign yacht charter fees as “the smartest thing I’ve heard”.
Edible foods VAT rate cut ‘more complicated’
Super Value’s owner yesterday said the imminent VAT rate cut for all uncooked foods is “more complicated” than previous adjustments because only 50 percent of products will be impacted.
AG: Bahamas to meet leading Trump officials on ‘unfair’ report
The Attorney General yesterday revealed that the Government plans to meet with senior Trump administration officials over “unfair” US criticisms of The Bahamas’ anti-financial crime regime.
Pintard blames Davis govt over $7m wasted by BPL
The Opposition’s leader yesterday blamed the Davis administration for squandering $7m of the Bahamian people’s money by failing to complete the land purchase for a liquefied natural gas (LNG) terminal.
Investor fails to recover $7.5m on failed Rose Isl. Ritz-Carlton
A Bahamas-based investor has failed to recover the outstanding $7.5m they were allegedly owed for selling land to the now-abandoned Ritz-Carlton project on Rose Island.
PM: We will comply on tax - but we will fight for fairness
Prime Minister Philip Davis said although the country will “always comply” with international tax regimes, the nation will continue to advocate for fair treatment.
Pintard demands House debate on BPL reforms
FNM leader Michael Pintard hit out at the BPL tendering process yesterday, saying “we don’t see the competitive bidding”.
‘Chaos and discord’ erupt at Old Bahama Bay hotel
A furious battle yesterday erupted over Grand Bahama’s Old Bahama Bay resort as a group of its condo owners vowed to resist moves to replace them as the management company for the property.
Opposition leader pledges Business Licence reforms
The Opposition’s leader yesterday pledged to reform the now-mandatory Business Licence audit for high turnover firms and abolish the practice of estimating the upcoming year’s turnover if elected to office.
Parliament’s watchdog set to grill Ministry of Finance chief
Parliament’s spending watchdog plans to grill the Ministry of Finance’s top official next Tuesday over “a range of hot button issues” uncovered by recently-completed investigations from the Auditor General.
Chinese ship fee threatens Tropical Shipping survival
The survival of a major ocean freight carrier serving The Bahamas would be in jeopardy if the US proceeds with a Chinese-made ship fee that “would almost double” 40-foot container cargo rates.
Delta contractor’s staff lose in dismissal claim
Three former employees of a contractor that provided security services for Delta Airlines in Exuma lost their wrongful dismissal claim because they “voted with their feet” and joined a rival without being terminated.
Tax authority ‘determined’ on Business Licence delay
The Department of Inland Revenue was yesterday said to be “determined” to overcome the Business Licence application backlog and ensure all renewals and new requests are promptly processed.
Bahamas to host 2028 World Relays
While they would have preferred to have the two upcoming editions, Minister of Youth, Sports and Culture Mario Bowleg told World Athletics that they are excited that The Bahamas will get to host the 2028 World Relays.
‘PM won’t get off that easy’
An ex-prime minister yesterday warned Philip Davis KC that “he won’t get off that easy” over the Bahamas Moorings deal as he pledged to “keep digging” into the now-terminated lease agreement.
