Minister 'not wavering' on fast food taxation
The Minister of Health yesterday said he has “not wavered” on his recommendation for a consumption tax to be imposed on the fast-food industry, but such a policy move is “not imminent”.Dr Duane Sands told Tribune Business: “No, that’s not something t
Sponging revival stiffens on Long Island, Abaco
A dozen spongers on Long Island expressed interest in creating an association and reviving the industry in conjunction with an Inter-American Development Bank (IDB) funded project.“It was encouraging to see so much support from the community in getti
Aviation marketing kick-off for Bahamas
Florida’s largest aviation conference has begun promoting general visits and fly-outs to The Bahamas ahead of the official October 1 launch of its marketing partnership with the country.Sun ‘n Fun International has added The Bahamas’ general aviation
Breadbasket food changes 'delayed but not derailed'
The Minister of Health yesterday admitted said the promised revision to the country’s 45 year-old breadbasket foods line-up has been “delayed but not derailed”.Dr Duane Sands told Tribune Business the revisions will not be in place in when the breadb
Tech issues stall new betting tax
Bahamian gamblers will enjoy a two-month reprieve from the budget’s twin five percent levies because they are “not as easy and straightforward” to implement as the government thought.
'Innovative' tax thinking praised by BICA chief
A top accountant has praised the government’s “innovative thinking” in seeking to collect real property tax through attaching it to the monthly payment of utility bills.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) president, told
High-end real estate market in 'shock, panic'
THE high-end second home market is in “a state of shock” and “panic” over fears of “exorbitant” real property tax hikes following the recent budget changes, realtors are warning.John Christie, director and vice-president of HG Christie, told Tribune
Competition watchdog needs 'more autonomy'
The Bahamas’ proposed competition watchdog should be given “more autonomy” by reducing ministerial powers in draft legislation, the Bahamas Insurance Association’s (BIA) chair is urging.Emmanuel Komolafe, pictured, told Tribune Business The Bahamas h
Sky chief brands $454k NAD debt as a 'non-issue'
Sky Bahamas’ principal yesterday branded threats to terminate the airline’s airport operating licence over a $454,000 debt as “a non-issue”, and said: “Every other airline owes NAD money”.Captain Randy Butler told Tribune Business that he was one of
Bahamas Cannabis Group launches its new website
The Bahamas Cannabis Research Institute (BACARI) Foundation, which is advocating the drug’s use for medicinal purposes, yesterday announces the launch of its new website.Terry Miller, its chairman, said “We are excited to integrate public feedback an
Palm Cay to start $100 million construction within 90-120 days
PALM Cay, the southeastern New Providence community, is gearing up for the launch of its “next big project” where realtors will have a “big part” to play.The development recently held a VIP broker event to highlight its more than $2m in upgrades to
Minister praises training by co-operatives dept
A Cabinet Minister has praised the hands-in training provided to students by the Department of Co-operatives’ Summer Programme, known as “Empowerment Camp”.“I am very proud of what I am seeing here in terms of food processing and the creation of hand
Super Value chief eyes 2/3 VAT collection slash
Super Value’s owner yesterday predicted that the supermarket chain’s VAT take will be slashed by two-thirds once the “breadbasket” food exemptions take effect on August 1.Rupert Roberts, pictured, told Tribune Business that the government will have t
DPM's 'social unrest' fear over govt spending cuts
The government will spark “social unrest” if it cuts public spending too rapidly and deeply, the deputy prime minister has warned, as he attacked “ridiculous” pre-election job contracts.K Peter Turnquest, addressing the Rotary Club of Old Fort on Wed
Govt mulling over adding property tax on light bills
The government is forecasting a three percent inflation increase this year as a result of the VAT rate hike, and examining whether to collect real property tax by adding it to light bills.KP Turnquest, the deputy prime minister, in an address to the
