Insurance chair urges: We must shed 'tax haven' label
THE Bahamas Insurance Association’s (BIA) chairman yesterday urged the country not to lose sight of ‘the bigger picture’ in using tax reform to shed its ‘tax haven’ label.Emmanuel Komolafe told Tribune Business that while corporate taxation may not b
Expert: Corporate tax 'is a five-year project'
A KPMG tax expert yesterday warned that a Bahamian corporate tax is “a five-year project”, adding: “You can’t rush it in nine months.”John Riva, head of tax for the accounting firm’s ‘Islands Group’, told local financial services executives that the
Bahamas urged totalk with EU over IBC 'grandfather'
THE Bahamas was yesterday urged to negotiate a ‘grandfathering’ clause with the European Union (EU) over the 20-year tax exemptions for existing IBCs.Paul Riva, KPMG’s head of tax for its ‘islands group’, including the Bahamas, suggested that the EU
Marinas enjoy arrivals increases of up to 60%
Members of the Association of Bahamas Marinas (ABM) have reported 2018 first quarter arrivals increases of up to 60 per cent, leading to predictions of an “excellent” full year.“The prospects for boating to the Bahamas look excellent for 2018,” said
Island Luck chief: IPO 'very soon'
ISLAND Luck’s Sebas Bastian yesterday said an initial public offering (IPO) of shares in the web shop operator remains in progress, with a formal announcement likely imminent.Mr Bastian, when asked if his long-promised IPO will go ahead, replied: “It
IDB: Bahamas ‘4x costlier’ over company registration
Registering a company in the Bahamas is “four times’ costlier” than in developed countries, with less than 3 per cent of government procedures able to be completed online.
Galleria blasts ‘shocking’ verdict on copyright law
ATTORNEYS for Galleria Cinemas yesterday said the Court of Appeal had “shockingly misunderstood” copyright law in a ruling that revives a long-running claim against the movie operator.
IMF slightly premature on ‘turned the corner’ verdict
PRIVATE sector leaders yesterday said the IMF’s assessment that the Bahamian economy has “turned the corner” was slightly premature, one saying: “I’m definitely not celebrating yet.”
US urges ‘full safeguards’ on gaming sector
THE US government has identified “gaming” as a popular money laundering mechanism in the Bahamas, urging this nation to “emphasise enforcement” in its fight against financial crime.
Unions seek PM intervention over Morton Salt ruling
THE Bahamas’ two main trade union groups have written jointly to the Prime Minister seeking an “urgent meeting” over a Court of Appeal ruling they claim will “cripple” organised labour.
FirstCaribbean's New York listing step closer
FirstCaribbean’s parent has taken another step towards selling-off its ownership by filing a registration form with US regulators for the bank’s proposed New York Stock Exchange (NYSE) listing.The amount of shares, nor the price that they will be off
Taxi union chief hails app team-up as 'perfect mix'
THE Bahamas Taxicab Union’s president yesterday said branded its partnership with a transportation-based mobile app as the “perfect mix”, suggesting it will help modernise the industry.Philip Watkins, speaking at a press conference to announce the un
Record Easter for Nassau's airport
LYNDEN Pindling International Airport’s (LPIA) operator is predicting the busiest Easter weekend on record, officials said yesterday.“People in Canada and the US, who have suffered through a season of what felt like never-ending northeasters, are jus
US: Bahamas ‘losing competitive FDI edge’
The Bahamas is “losing its competitive edge” on foreign direct investment (FDI) to Caribbean rivals as a result of its ‘ease of doing business’ woes, the US government has concluded.
IBCs face ‘much damage’ through blacklisting Bill
THE Bahamas’ ‘blacklisting’ response threatens to “cause a lot of damage” to its IBC business and create “much less certainty” for the financial services industry, a top attorney is warning.
