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Reinvesting 50% of corporate tax no GDP growth panacea

Reinvesting 50 percent of the revenues generated by a corporate income tax would lessen - but not eliminate - the negative economic impact of each of the four proposed implementation options, the Government is forecasting.

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Club Med: Over 75% of workforce returns

Club Med's general manager yesterday revealed that more than 75 percent of the resort's staff have returned to work at the property despite its near three-year shutdown due to COVID-19.

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Little juice left

ActivTrades

Global stocks of orange juice have shrunk significantly, and raw material costs are rising. Consumers must be prepared for price increases for their most popular drink.

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'We’re 20 years late on corporate income tax, so we’re catching up' says expert

A TOP financial expert believes it is the time to have a discussion about corporate income taxes for companies in The Bahamas.

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20-month sentence for possession of unlicensed firearm and ammunition

A MAN was sentenced to 20 months in prison after being convicted of having an unlicensed firearm in his home in Eleuthera earlier this month.

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Man accused of attempted rape of 16-year-old girl

A 19-YEAR-OLD MAN was remanded to jail after he was accused of the attempted sexual assault of a 16-year-old girl earlier this month in the capital.

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Clubs & Societies May 19th, 2023

The Anglican Church Women (ACW) paid a courtesy call on Sir Cornelius A Smith on Tuesday, May 16, at the Office of the Governor General.

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ERIC WIBERG: The last flight of a Marauder

On October 17, 1944, five years into World War II, a B-26 Marauder aircraft assigned to the Royal Air Force Transport Command took off from the Windsor Field.

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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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More than 500 Grand Bahama homes assessed for repairs

MORE than 500 homes have been assessed on Grand Bahama for the Small Homes Repair Programme, which is expected to be copied in the Family Islands, according to an Urban Renewal official.

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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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Can you help find missing Kyle?

THE family of Kyle Carey is hoping for his safe return home after the 20-year-old disappeared a week ago.

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'Jobs, jobs and more jobs': Staff sought for 700 posts

The British Colonial resort will hire up to 400 staff before it fully re-opens this December, the Government's labour chief revealed yesterday, adding: "The majority of Bahamians who want a job can find one."

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Men accused of sex assault in Andros held without bail

THREE men were jailed after being accused of sexually assaulting a 29-year-old woman in Andros last month.

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Water Corp debt to main supplier grows to $16.6m

The Water & Sewerage Corporation's outstanding debts to its main BISX-listed reverse osmosis supplier increased slightly to $16.6m during the 2023 first quarter despite government pledges to eliminate this, it was revealed yesterday.

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Police arrest a man suspected in a spate of recent sexual assaults in Bacardi Road area

POLICE arrested a 27-year-old man yesterday concerning several recent sexual assault cases in the Bacardi Road area of New Providence.

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Meteorology Department working to improve storm surge forecasting

ACTING Director of Meteorology Jeffrey Simmons said officials are working to improve storm surge forecasting.