QC backs income taxes to ease ‘rich/poor divide’
AN outspoken QC is backing the introduction of corporate and personal income taxes as a way to reduce “the gulf between rich and poor” in the Bahamas.
Small Budget surplus achieved for January
THE Government appears to have posted a small $7 million Budget surplus for January, with the deficit for the first seven months of 2017-2018 pegged at $191.3 million - a 39 per cent drop.The Central Bank of the Bahamas’ economic report for February
Andros plaza blaze puts 21 out of work
A FIRE that completely destroyed the Butler’s Plaza in San Andros has left the community “devastated” and in “shock”, with 21 persons out of work as a result. “This is horrific,” said Ambika Cooper, a director with the Andros Chamber of Commerce. “I
Taxi union president: Plate leasing to stay
BAHAMIAN taxi drivers continue to face competition from hotels providing ground transportation to their guests off-property, their union president is alleging.“You still have hotels who are operating in the ground transportation sector, taking guests
National Trust defends Exuma anchorage fees
THE Bahamas National Trust (BNT) yesterday said the recent adjustment in anchorage fees at the Exuma Cays Land and Sea Park (ECLSP) was necessary to help maintain the park in the face of annual financial shortfalls.The Park costs $500,000 per annum
BISX declares its first-ever dividend
The Bahamas International Securities Exchange (BISX) has declared the first dividend in its near-20 year history, its chief executive joking yesterday: “This has made my job harder.”Keith Davies, BISX’s chief executive, told Tribune Business that the
Attorney: 'I want to say aircraft registry is finally happening'
The Government has been urged to fund a Bahamian international aircraft registry in the upcoming 2018-2019 Budget, an attorney saying: “I want to finally say this is happening.”Llewellyn Boyer-Cartwright, a Bahamian aviation law specialist, told Trib
'Radio Sebas' broadcasts for week without licence
Sebas Bastian’s radio station has been broadcasting for more than a week without a licence, industry regulators admitted yesterday, after its temporary permission expired on March 21.Stephen Bereaux, the Utilities Regulation and Competition Authority
Expert: Corporate taxation uncertainty 'helps no one'
A KPMG tax expert has urged the Government to “articulate their vision”, warning that uncertainty over corporate taxation’s introduction “helps no business”.John Riva, head of tax for the accounting firm’s ‘islands group’, which includes the Bahamas,
Bran slams 'damn pathetic' four-year solar system wait
The DNA’s former leader yesterday said it was “damn pathetic and frustrating’” that a state-of-the art solar system at his wife’s school continues to remain unused nearly four years after installation.Branville McCartney hit out at the Ministry of Wo
Gov't pledges support for $180m Pharmachem move
PHARMACHEM Technologies has retained two foreign engineering firms to oversee construction of its new $180 million facility in Freeport.Kevin Seymour, the company’s chief financial officer, said Integrated Project Services (IPS) and KPC International
The devastating impact of proposed IBC amendments
AS a manager, and sometimes a director, of more than 400 International Business Companies (IBCs) over the last 40 years, the need for the protections granted by the Constitution of the Bahamas were recognised by legal advisors around the world. This
Arawak Port operator eyes environmental certification
THE Nassau Container Port’s operator is seeking to obtain International Standards Organisation (ISO) environmental certification, as it works to determine and mitigate any impacts from its activities.Arawak Port Development Company (APD) executives s
Corporate taxation won’t ‘put two fingers up to EU’
The Bahamas does not need corporate taxation to escape its latest ‘blacklisting’, a KPMG tax expert yesterday saying: “That won’t put two fingers up to the EU.”
Baha Mar's lender needed 'incentivising' to finance completion
BAHA Mar’s financier had to be “incentivised” through government tax breaks to compensate Bahamian creditors and finance the $4.2 billion project’s completion, it has been revealed.The revised Baha Mar construction contract, worth $700 million and ta
