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Gambler winnings tax ‘too complex’
The Minnis administration chose not to implement the tax on web shop patron winnings because it was “too complex” and could have driven gamblers back into the underground economy.
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Betting shops new levy scrapped
ECONOMIC Affairs Minister Michael Halkitis said the government will do away with a patron tax on lottery winnings, although the levy was never implemented on gaming houses.
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‘Why we tightened the net for entry’
MINISTRY of Health officials noticed a significant increase in confirmed COVID-19 cases from travellers about three to four weeks ago, acting Chief Medical Officer Dr Phillip Swain said yesterday.
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Reserves slide continues trend with four percent fall
External reserves slid by four percent in November, continuing a trend, according to the Central Bank of The Bahamas.
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How the bounce-back was working before the fourth wave
The Central Bank of The Bahamas’ (CBOB) Monthly Economic and Financial Developments (MEFD) report for November, said tourist arrivals increased by nearly 3,400 percent from 2020.
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Smith revels in RCCL’s Lucayan setback
A Bahamian entrepreneur said Royal Caribbean Cruise Line (RCCL) is on a losing streak in The Bahamas now, should re-evaluate their future.
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First Annual Potcake Golf Tournament ‘huge success’
PEDIGREES may have their Westminster Kennel Club show, but it was the Bahamian Potcake – that special breed of dog with the narrow head and a keen sense of how to cross the street on its own terms – that stole the show during the 1st Annual Potcake Golf Tournament.
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ATLANTIS 6,000 BACK AT WORK: Staff return to full hours as surge in bookings arrives
ATLANTIS Paradise Island has 6,000 staff members back to work for the holidays as the resort is reporting full occupancy well into the New Year.
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Coach Yo leads Rebels to 11th straight win
COACH Yolett McPhee- McCuin’s Ole Miss Rebels are one of the hottest teams in all of NCAA Division I basketball and streaked to their 11th straight win.
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How income tax works
A letter appearing in your column of Friday the 17th of December, written by a Kim Sawyer, displays a common misunderstanding of the nature of the Bahamian economy.
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‘Slippery slope’: Don’t exploit private aviation
The Bahamas must “nurture rather than exploit” a booming private aviation market that can become increasingly “fickle” if hit with increased taxes, a prominent industry executive is warning.
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Insurers ‘trying to hold line’ on rate increases
Bahamian insurers yesterday warned businesses and homeowners that premium prices are again coming under “upward pressure”, with one pledging: “We’re trying to hold the line.”
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ZNS anchor stripped of $27,500 Scotia award
A ZNS TV anchor has been stripped of the $27,500 damages she won from Scotiabank (Bahamas) after the Court of Appeal found there was “no basis in law” to hold it responsible for her loss.
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Flamingos Women’s Golf Club 242 hosts its inaugural 18 hole scramble golf tournament at Baha Mar’s Royal Blue Golf Course
THE development of women’s golf is making headway led by the Flamingos Women’s Golf Club 242.
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Nassau airport loss up 8-fold to $37.4m
The Nassau Airport Development Company’s (NAD) net loss rose more than eight-fold to $37.396m for the year to end-June 2021, exposing the full extent of COVID’s devastating travel impact.
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Food for the homeless thanks to Rotary Event
THE Rotary Club of Grand Bahama distributed hot breakfast and food care packages to the homeless community and a local homeless shelter in Grand Bahama on Saturday.
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‘We’re not taking VAT change sitting down’
A Freeport manufacturer yesterday warned its competitiveness will be undermined, and presence in The Bahamas endangered, by VAT reforms that have seemingly removed its ‘zero rated’ status.
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‘Time long overdue to act on gender violence’
SENATE President LaShell Adderley says the time is now to enforce, amend and enact legislation to curb the scourge of gender-based violence in the country. “Enough is enough,” she said yesterday.
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National debt just under economy’s size at 98.4%
The Bahamas’ national debt was just less than the size of the economy at end-September 2021 after increasing to almost $10.5bn over the previous three months, it was revealed yesterday.
