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Governor: Profit repatriation tax would deter investment
The Central Bank's governor has warned against introducing a tax that solely targets profit repatriation on the grounds that it may deter foreign direct investment (FDI) into The Bahamas.
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Bahamas failing to fully exploiting trade deals
The Prime Minister says Bahamian businesses are failing to properly exploit trade agreements that would give them preferential export access and potentially lower the cost of imports.
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Soaring crime rate 'impacting EMS staff mentally'
NATIONAL Emergency Medical Services Deputy Director Kevin Bell said the soaring crime rate is having a “tremendous impact” on staff members mentally and efforts are being made for more mental healthcare avenues.
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DIANE PHILLIPS: There’s power in our words
ALL my life I have been in love. It’s a love I can count on and even when it disappoints me or offends, I find a way to forgive because I know tomorrow is another day.
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ERIC WIBERG: The Eleutheran Adventurers and William Sayle’s early days
THE story of the Eleutheran Adventurers is woven deeply into the fabric of national identity. The general themes are of escaping religious prosecution to take great risks by sailing to unknown shores – so far that is like the Puritan’s voyage in the Mayflower from England to New England’s Plymouth Rock.
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EDITORIAL: Bail change sounds good, but what will it really mean?
IT all sounded very powerful and purposeful – no more bail for those who commit offences while out on bail already.
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PM says ‘I have no disputes’ with GBPA
THE Prime Minister and Grand Bahama Port Authority’s (GBPA) president yesterday sought to downplay the two sides’ differences with the latter saying he is unaware if Freeport’s regulator is up for sale.
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Chamber chair blasts tax portal as ‘complete mess’
THE Chamber of Commerce’s chairman yesterday blasted the Government’s new online tax payment portal as “a complete mess” with frustrated businesses receiving no relief from deadlines or fines.
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Hotel deal: ‘11th hour impasse’ over minimum wage workers
HOTEL employers yesterday pledged that an “11th hour impasse” will “not derail” their bid to reach a new industrial deal amid accusations they are seeking to “discriminate” against minimum wage staff.
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Firms do not possess ‘unlimited money tree’
THE Chamber of Commerce’s chairman yesterday said the Government seems to feel firms have access to an “unlimited money tree” with the private sector often falling victim to “suppressive” policies.
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GBPA president says the port is not for sale
GRAND Bahama Port Authority president Ian Rolle said yesterday that the port is not for sale.
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Tax environment ‘worrisome’ for Bahamas-keen investors
A SENIOR accountant yesterday suggested The Bahamas should "pause" to assess whether its tax structure and mooted reforms are making the jurisdiction sufficiently attractive to investors.
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A helping hand as business teams with Urban Renewal
A BREAKFAST initiative was held yesterday by the Lakay Lounge in conjunction with the Nassau Village Urban Renewal Centre.
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Witness faints in court after Adrian Gibson trial testimony
A WITNESS in Adrian Gibson’s criminal trial fainted in court after testifying yesterday, prompting court employees to call the ambulance.
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Eviction notices placed on 95 shanty structures in Abaco
EVICTION notices were posted on 95 structures in an unregulated community in Abaco on Wednesday as the government ramps up efforts to eliminate shanty towns on that island.
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Business Licences: Up to 20% facing extra scrutiny
UP to one in five Business Licence filings are facing extra scrutiny by the tax authorities, it was revealed yesterday, with construction, landscaping and “home based” auto dealers causing particular concern.
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Unpaid property taxes hit $690m at mid-2021
UNPAID real property tax arrears totalled $690m at end-June 2021 despite exceeding target by 37 percent that fiscal year, the Government’s top financial watchdog revealed yesterday.
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Albany chief faces ‘largest insider trading’ fine for decade at $50m
THE Bahamas-based billionaire who led Albany’s development will pay “the largest financial penalty for insider trading in a decade” at $50m after he yesterday pleaded guilty to perpetrating a securities fraud.
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‘Moral imperative’ to boost financial watchdog’s staff
THE Government’s top financial watchdog has warned that “insufficient” staffing and resources are undermining its ability to protect Bahamians and hold successive administrations to account.
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Bahamasair plane forced to return due to engine defect
A BAHAMASAIR plane leaving Crooked Island yesterday was forced to immediately return after an incident occurred due to an engine defect shortly after take off.
