EU’s ‘high risk’ list: We must soldier on
THE Attorney General yesterday said The Bahamas must "ride out the storm and soldier on" after the European Union (EU) branded it a "high risk" jurisdiction for financial crime.
Govt gives up $25m annually on web shops
The Government has agreed to forego $25m in annual revenues to settle the taxation dispute with the web shop industry, a Cabinet minister revealed yesterday.
Bran: ‘To hell with you blacklisters’
The Democratic National Alliance’s ex-leader yesterday urged The Bahamas to “draw the line in the sand” against blacklisting-type actions, and tell the European Union (EU): “To hell with you.”
Web shops: 65% tax rise still tough
Bahamian web shops last night said some operators will still have difficulty with the sector’s revised tax regime and what it described as “a 65 percent tax increase”.
Vacation rental VAT targeted for budget
A Cabinet minister yesterday voiced hope VAT could be imposed on Bahamian vacation rentals in the upcoming 2019-2020 budget despite the multiple complexities involved.
Land woes ‘complicate’ $200m airport upgrades
The government’s plans to partner with the private sector on Family Island airport upgrades worth $200m have been “complicated” by land woes, a Cabinet minister has revealed.
PM urged: ‘Get offensive’ to reclaim local economy
The prime minister has been urged by a local financial provider to “take the offensive and regain control of our domestic economy” by clearly differentiating it from the international sector.
Conference organisers: ‘Economy under attack’
RoyalFidelity Merchant Bank & Trust’s upcoming Bahamas Economic Outlook conference will be held amid increasing global economic uncertainty and turmoil, its president has said.
Baha Mar contractor appeals Sarkis ruling
Baha Mar’s main contractor yesterday filed an appeal in the New York courts that seeks to overturn the earlier verdict upholding Sarkis Izmirlian’s $2.25bn fraud and contract breach claim.
Govt in late anti-blacklist law changes
The government will today table further legal changes in Parliament to ensure The Bahamas escapes the European Union’s (EU) tax evasion “blacklist”.
Morton ‘tense’ as union holds off on ‘action’
Morton Salt yesterday said it hopes to “soon” conclude a labour deal despite a “very tense” working environment where the line staff union has held off on potential strike action.
Minister eyes air fees deal ‘shortly’
The Bahamas hopes to complete talks with the US over management of its air space, and an associated revenue-sharing agreement, “very shortly”, a Cabinet minister said yesterday.
$130m landfill deal ‘in the last 50 yards’
A Bahamian consortium yesterday said it is “in the last 50 yards of the journey” to take over management of New Providence’s landfill, and pledged: “We will not, and must not, fail.”
Web shops financial crime fear ‘put to rest’
The Gaming Board has “put to rest once and for all” fears that web shops pose a risk to the Bahamian financial system’s integrity, a prominent accountant argued yesterday.
NHI’s $130m price tag ‘just govt's exposure’
The Minister of Health has confirmed that the much-touted $100m-$130m price tag for National Health Insurance (NHI) only covers “the government’s exposure” to the scheme.
