Super Value chief: Abandon all exemptions for 10% VAT
Super Value’s principal yesterday argued that a ten percent VAT could achieve the government’s fiscal goals if it abandons its multiple tax exemptions.Rupert Roberts, pictured, told Tribune Business that the Minnis administration should “claw back” t
Gaming $101m income boost 'very difficult to replace'
Web shop advisers have warned that the $101m in annual salary income generated by the sector will be “very hard to replace” if the budget’s tax hikes result in mass lay-offs.A June 2018 report by the Oxford Economics consultancy, commissioned by the
Winning landfill bid chosen by June 25
The government plans to select the winning bidder for the New Providence landfill management contract by June 25, a Cabinet minister said yesterday.Romauld Ferriera, pictured, minister of the environment and housing, said a ‘Letter of Award’ would be
Gov't told: 'Strengthen' fly fishing regulations
THE Bahamas Fly Fishing Industry Association’s (BFFIA) president yesterday urged the government to “strengthen and not water down” regulations governing the industry. Prescott Smith told Tribune Business: “The Minister has said that they were going t
Aliv confirms readiness for 2018 storm season
Aliv yesterday moved to reassure Bahamians that its nationwide infrastructure was fully prepared to withstand a 2018 hurricane season projected to feature 13 named storms.Damian Blackburn, the mobile operator’s top executive, said: “We have ensured t
Airports 'haven't kept up' with tourism growth pace
AIRPORT development “has not kept up” with the pace of tourism growth, a Cabinet minister lamented yesterday, suggesting that passenger facility charges will be necessary to finance long overdue maintenance.Dionisio D’Aguilar, minister of tourism and
Aviation conference targets airlift boost
Tourism and aviation officials from 28 countries attended yesterday’s opening of the third annual Caribbean Aviation Meetup conference at Atlantis.Hailed as the region’s largest aviation conference, the conclave, which is being hosted by the Ministry
'Huge' home price out from vat restructuring
A “huge” number of Bahamians will be priced out of home ownership by the budget, a prominent developer warned yesterday, revealing the cost of a popular housing model will rise $23,000.Franon Wilson, Arawak Homes president, told Tribune Business that
Gov't mulling amendments to fly fishing regulations
A Cabinet minister yesterday finally confirmed that the government is considering changes to to the controversial fly fishing regulations. Renward Wells, pictured, minister of agriculture and marine resources, said the significance of the flats fishi
Ex-minister: VAT exemptions are 'disaster recipe' all around
An ex-Cabinet minister yesterday said the government was “damned if you do, damned if you don’t” over the VAT hike, as he warned that increased exemptions are “a recipe for disaster”.Leslie Miller, the former Tall Pines MP, told Tribune Business he w
Chamber chief backs govt: ‘something had to be done’
Harsh fiscal austerity measures in the 2018-2019 budget were inevitable, the Grand Bahama Chamber of Commerce’s president arguing yesterday: “Something had to be done.”
‘At least’ 25% of VAT hike not new monies
The Bahamas’ chief WTO negotiator yesterday warned that “at least” 25 percent of the extra VAT revenue is “replacement” income rather than new money.
Chamber chief backs govt: 'something had to be done'
Harsh fiscal austerity measures in the 2018-2019 budget were inevitable, the Grand Bahama Chamber of Commerce’s president arguing yesterday: “Something had to be done.”Mick Holding, pictured, told Tribune Business that The Bahamas’ “very precarious p
Tourism wins media awards for Bahamas
The Ministry of Tourism (BMOTA) was recognised in the Virtual Visitor Award category for Best Feature in an Online Publication at the annual Caribbean Tourism Industry Awards. The award was granted to the Ministry and Alexander Britell, editor-in-chi
MP calls for higher web shop taxation
Web shops should be taxed even higher than contemplated in the budget due to their impact on his constituency and other Out Islands, Long Island’s MP argued yesterday.Adrian Gibson, during his contribution to the 2018-2019 budget debate, said the “ex
