Legal battle to restart on web shop taxation
The Government and web shops will resolve their dispute over the industry’s “sliding scale” tax structure in the courts, it was revealed yesterday, despite making progress on the “patron tax”.
Unions give PM month to avoid ‘national strike’
Trade union leaders yesterday warned the prime minister he has a month to resolve multiple labour disputes otherwise “he’s going to have a national strike on his hands”.
Hotel union: We ‘won’t talk much longer’ with Atlantis
The hotel union will “not talk for much longer” in seeking a resolution to its dispute with Atlantis, its president yesterday pledging: “We won’t allow them to dictate to us.”
Give Bahamians ‘first rights’ over BTC outsourcing
The prime minister was yesterday urged to ensure Bahamians “have first rights” on all outsourcing opportunities at the Bahamas Telecommunications Company (BTC) if downsizing continues.
Airbnb’s October bookings up 50%
Stopover tourist visitors to The Bahamas increased by 7.4 percent over the first three quarters of 2018 with the Central Bank forecasting “continued economic strengthening” through year-end.
CIBC named top Bahamas bank
CIBC FirstCaribbean has been named The Bahamas’ Bank of the Year for the third straight year.
Developers plan ‘stand out’ Jack’s Bay project
DEVELOPERS behind the mixed-use Jack’s Bay resort community in Rock Sound, Eleuthera, believe it will “stand out” in the marketplace similar to an Albany or Baker’s Bay.
‘Blurring of the lines’ weakens civil service
THE Bahamian public service has failed to attract quality talent due to a “blurring of the lines” over how is intended to function, a top accountant says.
BOB chair: ‘Peanut’ profits make dividend premature
Bank of The Bahamas (BOB) chairman says it is “premature” to discuss resuming ordinary shareholder dividend payments when profits to-date have been “kind of peanuts”.
BOB ‘reputation’ boost from $15m repayment
Bank of The Bahamas believes it will boost its “reputation and creditworthiness” by repaying its last $15m in preference share debt, and declaring an interest dividend, before year-end 2018.
Bahamas urged: ‘Heed’ fiscal council warning
The Bahamas would be “very wise to heed” findings that a new fiscal watchdog’s credibility will be enhanced the more independent it is from the Government.
Bahamas needs more than laws for dispute centre
The Bahamas must do much more than just pass laws if it is to realise a 20-year ambition to become “this hemisphere’s arbitration centre”, a well-known QC has warned.
Accountants await business licence regulation change
The Government is expected to “reverse” by mid-December its requirement for certified bank statements to accompany business licence renewals, a top accountant has revealed.
Web shops stunned by ‘patron tax’ rules tabling
Web shop attorneys yesterday said the sector was stunned by the Government’s tabling of the five percent “patron tax” rules in Parliament given that the two sides remain far apart.
Ex-AG warns of ‘legal challenges’ to incentives end
A former attorney general yesterday warned that “difficult legal challenges” may result from eliminating preferential incentives for existing foreign investors by end-2021.
