'Riddled with danger': How insurance VAT hits storm victims
THE continued imposition of VAT on general insurance premiums is “riddled with danger” for that industry, the Government and wider private sector, a respected accountant warned yesterday.Kevin Seymour, also a former Grand Bahama Chamber of Commerce p
Corporate tax removal paves way for 10-year financial sector 'molding'
THE Bahamas can “mould the financial services industry it wants for the next 10 years” after dumping corporate taxation from a key Bill, a former Cabinet Minister said yesterday.Ryan Pinder, ex-minister of financial services, told Tribune Business th
Fraud, evasion fears block tax breaks on Over-the-Hill goods
Fears of “duty arbitrage” and tax evasion mean that businesses in the proposed Over-the-Hill ‘tax free zones’ will not receive breaks on the goods they sell, the Government revealed yesterday.The Minnis administration, unveiling its long-awaited prop
New water plant in 300% quality rise
A WATER plant that will supply western New Providence communities has seen a 300 per cent quality improvement since it began service in 2017.New Providence Water Development Company’s (NPWDCo) new reverse osmosis plant, now-completed following a two-
Tourism eyes team-up with Black Enterprise
THE head of African American media group, Black Enterprise (BE), has pledged to send potential group business worth millions of dollars to the Bahamas.Earl ‘Butch’ Graves Jr, president and chief executive, led a delegation to the Bahamas that pledged
THE ART OF GRAPHIX: Showing your best face via the Internet
IS there any real value to owning a business website? It is sometimes perceived that small businesses will not benefit because of their size, and inability to produce a well thought-out site. This thought might just be a misconception and, since we a
Flats fishing confusion 'destroying our industry'
The Government was yesterday urged to end “the confusion destroying our flats fishing industry” by publicly clarifying whether it has suspended the sector’s governing regulations.Cindy Pinder, vice-president of the Abaco Fly Fishing Guide Association
'Slap in the face' to let WTO drive our key reforms
A leading retailer yesterday said it will be “a slap in the face” to Bahamian businesses if this nation now modernises its economy for the benefit of foreign rivals and the WTO.Gavin Watchorn, chief executive of BISX-listed AML Foods, told Tribune Bu
Fronting will ‘grow more’ without WTO
THE Bahamas’ chief WTO negotiator yesterday said ‘fronting’ will “become far worse”, with local businesses overrun by foreign rivals, if this nation stays outside the rules-based trade regime.
Corporate tax among WTO reform options
CORPORATE taxation is among the options being assessed for WTO revenue replacement, the Deputy Prime Minister has confirmed, adding: “It’s a brave new world.”K P Turnquest told Tribune Business it was a case of “the sooner the better” when it came to
FOCOL chairman reveals 'bold plans'
FOCOL Holdings’ chairman says the company has “bold plans” that will soon “transform” its operations, although he provided no details.Sir Franklyn Wilson was speaking at the BISX-listed petroleum products supplier’s annual general meeting (AGM) for t
Bonefish Pond provides 1,100 visitor day boost
NEW Providence’s Bonefish Pond National Park generates around $1 million in tourist spending, and 1,100 annual visitor days, for the Bahamian economy.The south-west New Providence parks’ economic impact was detailed in the ‘Economic Valuation of Ecos
Blockchain advocates eye Bahamas forums
A CARIBBEAN group is aiming to capitalise on the huge interest in blockchain and cryptocurrency in the Bahamas by creating a series of monthly exchanges and forums on the technology.The Caribbean Blockchain Alliance, an advocacy group for blockchain
Renward LOI company closes Bahamas office
THE company at the centre of the Renward Wells Letter of Intent (LOI) controversy has closed its Bahamas office, with its local chief executive stepping down from his post.Jean-Paul (JP) Michielsen said he will be leaving his position with Stellar Wa
Water Corp chair warns: Restructuring is coming
The Water & Sewerage Corporation will likely follow other utilities in right-sizing its workforce through voluntary separations, its chairman revealing yesterday: “All options are on the table.”
