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Revenue surge to $274m via corporate tax switch
The Government could near-double pre-COVID business taxation revenues if it were to implement a 15 percent corporate income levy across-the-board on all entities bar those generating less than $500,000 in annual turnover.
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Cat Island 'going to get whole hog'
Government officials yesterday pledged that Cat Island is "going to get the whole hog" when it comes to airport, roads and utilities upgrades and investments.
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PM blasts 'blinkered' officials' tax attitude
The Prime Minister yesterday slammed "blinkered" public officials for adopting inflexible approaches to the collection of outstanding taxes that "close the business" and hinder economic growth and productivity.
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Adrian Gibson jury finalised as trial set to get under way
NINE jurors were selected yesterday to evaluate evidence from more than 40 witnesses in Adrian Gibson’s corruption trial.
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CORPORATE TAX PLAN REVEALED: Govt favours proposal of 10-12 percent rate for most businesses
The Government is leaning towards reforms that will see most Bahamas-based businesses pay a "modest" corporate income tax of either 10 or 12 percent with the only exception being small firms earning less than $500,000 annually.
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GSSSA sudden death playoffs underway
With the soccer nationals looming in the background, the junior and senior teams sudden death playoffs kicked off yesterday for the Government Secondary Schools Sports Association (GSSSA).
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Bahamas branch of British Legion experiencing financial difficulties
THE Bahamas Branch of the British Legion is experiencing financial difficulties as it tries to cover its June distribution of money and goods.
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Gov’t striving to re-open Lucayan’s Breaker’s Cay
The Government has taken a "show me the money" approach with potential Grand Lucayan buyers at it works to open another part of the resort complex to support increased airlift to Grand Bahama, it was revealed yesterday.
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PETER YOUNG: Turkey’s identity at stake as the country faces a possible presidential run-off
TO many people, Turkey is something of an unknown quantity. But it is in the news at present because of last Sunday’s parliamentary and presidential elections. These are said to be the most pivotal polls in the nation’s history and President Recep Tayyip Erdogan’s toughest challenge since he first came to power in 2003.
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Central Bank exceeded Govt lending limits at year-end '22
The Central Bank would have massively exceeded its legal lending limits to the Government had the latter's accessing of $232.3m in IMF special drawing rights (SDRs) been included in the 2022 year-end calculation.
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GIBSON FAILS IN LEGAL CHALLENGE: Judge rules MP can have fair trial after rejecting arguments
A SUPREME Court judge dismissed Adrian Gibson’s application to stay his corruption trial yesterday, ruling his constitutional rights have not been infringed and that he can have a fair trial even if the Crown’s key witness gives testimony virtually.
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‘WE JUST SHOT OURSELVES IN THE FOOT’: Men’s national beach soccer team goalie speaks on Bahamas’ 4th place finish
It’s not every day that an athlete makes a successful transition from one sport to the other.
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The USA won the beach soccer title last night, beating Mexico 5-0. Photo: Austin Fernander/Tribune …
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FTX Bahamas charges US broke 'every single' pledge
FTX's Bahamian liquidators have accused their US adversaries of "breaching every single" co-operation pledge in just four short months as they urged the Supreme Court to "sort it out" with Delaware.
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Athletes on fast track at NACAC Invitational
The North American, Central American and Caribbean Athletics Association (NACAC) New Life Invitational saw its second hosting come to the nation’s second city of Freeport, Grand Bahama, this past weekend.
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USA tops Mexico 5-0 for beach soccer title, Bahamas 4th overall
The Bahamas men’s national beach soccer team came so close to booking their ticket to the United Arab Emirates for the 2023 FIFA Beach Soccer World Cup.
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Fiscal year finish is ‘critical platform’ for 78% deficit cut
The Ministry of Finance's top official yesterday said the Government's financial performance over the next two months is "critical" to setting the foundation for a 2023-2024 fiscal year in which the deficit is forecast to be cut by 78 percent.
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Promotion Board in 67% website visitor increase
The Nassau Paradise Island Promotion Board's (NPIPB) chief executive says there has been a 67 percent year-over-year jump in visitor traffic to its website as it works to convert this increase into actual visitors.
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ONE ELEUTHERA FOUNDATION: Unlocking the power of corporate social responsibility
IN today’s interconnected world, companies are increasingly expected to be socially responsible and accountable for how their practices impact society and the environment. Corporate Social Responsibility (CSR) refers to the concept that a business is responsible for more than just creating value and wealth for shareholders but should also seek to benefit the broader community in which it exists.
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Investor forum puts Grand Bahama in the spotlight
THE eyes of the world are on The Bahamas when it comes to investment and conservation, a conference in Grand Bahama heard this week.
