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Deputy Prime Minister Peter Turnquest in the House of Assembly. File Photo: Terrel W. Carey/Tribune Staff

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Financial Intelligence ‘put away in corner and forgotten about’

A KEY agency in The Bahamas’ battle against financial crime had been “put away in a corner and forgotten about”, the deputy prime minister argued yesterday.

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Govt ‘narrowing’ its $185m revenue gap

The government has narrowed its $185m revenue gap, the deputy prime minister has revealed, as it “keeps a close eye” on its agencies’ spending as the 2018-2019 fiscal year-end looms.

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Bahamas ‘won’t concede’ over financial services

The deputy prime minister yesterday pledged that The Bahamas will “not give up any ground” to global regulatory initiatives in its fight to remain a leading international financial centre (IFC)

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DPM blasts ‘unpatriotic’ 35% devaluation claim

The deputy prime minister yesterday slammed “false rumours” of a 35 percent currency devaluation and second VAT hike as “unpatriotic” for threatening The Bahamas’ economic stability.

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DPM confirms $10m payout over CLICO

The Deputy Prime Minister yesterday confirmed that the Government will make another $10m payout to CLICO (Bahamas) clients before year-end.Speaking with reporters ahead of a Cabinet meeting, KP Turnquest, pictured, said: “The Government has been maki

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Money for nothing: Mortgage Corp borrowers – half won’t pay debt

AS he made an impassioned plea for Bahamians to take care of their financial obligations, Deputy Prime Minister and Minister of Finance Peter Turnquest said the Bahamas Mortgage Corporation is “insolvent” if it were not for the government’s guarantee of its debt, with 47 percent of its loans in arrears.

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INSIGHT: Enough of the blame game - it’s time to find solutions

IF I had a dollar for every time I heard a member of the government blame the previous administration for the state of affairs in the country, I would fare quite fine in our current economic climate.

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‘Tax issues all stem from PLP blunders’

DAYS after the Minnis administration agreed to halt new web shop taxes after gaming house operators sued the government, Finance Minister Peter Turnquest blamed the former Christie administration for issues the government now faces with the industry and their increased taxes.

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Nationalise GB Port? Not for now

DEPUTY Prime Minister K Peter Turnquest yesterday said the nationalisation of assets was not currently on the agenda as he responded to a recommendation by former Prime Minister Hubert Ingraham for the government to purchase the Grand Bahama Port Authority instead of the Grand Lucayan hotel.

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Jobless - we still need to do more

Deputy Prime Minister K Peter Turnquest has conceded the Minnis administration still has a lot of work to do to ensure every Bahamian has the opportunity to earn a decent living.

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Miller not the only one to sue the government

DEPUTY Prime Minister and Minister of Finance Peter Turnquest said the government will only do what is in the best interest of Bahamians as it faces lawsuits over lease agreements that have allegedly been broken.His statement came after it was reveal

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Bishop’s criticism of tax ‘premature’

BAHAMAS Christian Council President Bishop Delton Fernander’s criticism of government over the value added tax increase during the Independence Day celebration was “unfortunate” and “premature”, Deputy Prime Minister K Peter Turnquest has said.

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Deputy PM heckled as he talks VAT at graduation

DEPUTY Prime Minister and Minister of Finance Peter Turnquest was interrupted at times as he tried to persuade those attending the Galilee College’s 2018 graduation ceremony that critics have misrepresented the 2018-2019 budget.

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‘We won’t be bullied by web shops’

AS HE warned gaming house operators the Minnis administration will “dig up” any underground operations, Attorney General Carl Bethel said the government’s inalienable right to impose tax rates however it sees fit will be defended.

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‘We’re one hurricane away from disaster’

FINANCE Minister Peter Turnquest yesterday insisted the country was one major hurricane away from “total disaster” as he defended the impending value added tax hike in the face of mounting calls for the government to reconsider.

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Web shop industry: 2,000 jobs will be lost due to tax hikes

The web shop industry yesterday warned that 2,000 jobs will be lost, and 75 per cent of its locations will close, if the Government follows through with aggressive triple-digit tax hikes.


screwedbahamian 6 years, 1 month ago

The Webshop boys spokeman must think Bahamians are really really stupid. The Bahamian people overwhelming and unequivocally said NO to a GOVERNMENT REFERENDUM on weather or not to legalize the Illegal Numbers and Webshops Industry. Now he is on all the an Radio talk shows ATTEMPTING to justify why they should be in existence and not subjected to the new taxes levied on their Social parasitical industry. Hope that these shows are being paid well to bring this kind of talk to the Bahamian people.

TalRussell 6 years, 1 month ago

Shouldn't KP, give PeoplePublic an update on exactly how many multiple millions dollars are banked away in Hurricane Contingency Fund's bank account... or will it again be...oh shit, it's hurricane... quick, cal international lenders still willing be lending us quickie higher interest emergency cash.

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