PM demands OECD, EU join global tax treaty talks
The Prime Minister yesterday renewed his demand for the groups that have frequently blacklisted The Bahamas to “join forces with the United Nations” and develop a global tax treaty fair to all countries.
Chamber chair calls for ‘tax code simplification’
The Chamber of Commerce’s chairman yesterday urged the Government to “simplify the tax code” and ease of doing business as he identified discrepancies in Business Licence filing requirements.
Carnival ‘blown away’ by GB cruise port interest
Senior Carnival Cruise Line executives yesterday said they have been “blown away” by the interest Bahamian bidders have shown in the retail and dining concessions at its new Grand Bahama port.
Central Bank teams with private sector for digital payments drive
The Central Bank yesterday launched long-awaited campaign to drive increased use of digital and online banking services by Bahamian businesses and households.
‘We are all at risk’ over Abaco port uncertainty
Abaco’s Chamber of Commerce president is warning “we are all at risk” as she urged the Government to clarify if it has selected a private operator to take over Marsh Harbour’s commercial shipping port.
Pintard: ‘Moment of truth’ on new FTX accusations
The Opposition’s leader last night warned that The Bahamas’ reputation as an international financial and business centre is in danger if the latest FTX claims are not investigated as “a matter of urgency”.
Gov’t may give up ‘bit’ of taxes for gas margin rise
The Bahamas Petroleum Retailers Association’s (BPRA) vice-president yesterday revealed the Government may give up “a bit” of its gasoline tax revenues to facilitate a margin increase for dealers.
$256m FTX properties to ‘hit market within 30 days’
FTX’s $256m Bahamian property empire is set to “hit the market within the next 30 days” after five to seven local realtors were selected to handle their disposal.
FTX properties up for sale in next month
FTX’s $256m Bahamian property empire is set to “hit the market within the next 30 days” after five to seven local realtors were selected to handle their disposal.
Talks to save 20 CIBC jobs ‘look prosperous’
A union leader last night said efforts to secure new jobs for around 20 CIBC Caribbean staff are “looking prosperous” as the bank moves to shutter its Bahamas call centre by next month.
DEPP chief: CEC permit needed ‘no matter what’
The Government’s top environmental official yesterday said a key approval is required “no matter what” amid fears this will “roadblock” $24m worth of Hope Town construction projects.
Minister ‘cautiously optimistic’ over $900m carbon credits
A Cabinet minister yesterday said the Government is “cautiously optimistic” that The Bahamas could earn $900m per year from monetising its seagrass and mangrove carbon sinks.
FTX’s $675k link to govt officials
FTX and its jailed founder, Sam Bankman-Fried, paid $675,000 to “entities affiliated with high-ranking Bahamian government officials and their families”, it was revealed yesterday.
DEPP ‘roadblock’ fear over $24m in projects
More than $24m worth of development and construction projects targeted at Hope Town have been placed on hold due to the creation of a “major roadblock” in the approval and permitting process.
Drop ‘old-style politics’ to improve fiscal credibility
The Government must not “hold its cards close to its chest” if it knows it will miss this year’s $131m fiscal deficit target by a significant margin, a senior Bahamian banker warned yesterday.
