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Bahamas faces major tax, exchange control shake-up

The Bahamas may have to completely overhaul its corporate and taxation structure to escape European Union/OECD ‘blacklisting’ threats, the Attorney General revealed yesterday.

Litigation concern on Baha Mar delays

Fears were mounting yesterday that the continued delays to Baha Mar’s opening could spark litigation between the parties involved, a Caribbean tourism expert warning they had “better get their act together” to avoid lasting damage to the project and the Bahamas.

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AML chair: City Markets deal 'kept changing'

AML Foods chairman yesterday said its efforts to acquire City Markets' remaining business fell apart because the latter's principal, Mark Finlayson, "kept changing the terms of the deal" on a daily basis, and had nothing to do with the BISX-listed food retail group refusing to take on the chain's staff.

Chamber urges: ‘Tighten up and enforce’ Enterprises Bill

THE Chamber of Commerce yesterday urged the Government to “tighten up the language”, and enforce the provisions, in the Commercial Enterprises Bill to prevent potential abuses.

'No doubt over VAT chaos' on January 1

A well-known businessman yesterday said he had “no doubt” the Government will be unable to seamlessly implement Value-Added Tax (VAT) come January 1, suggesting “chaos” would result from failing to promptly educate the private sector.

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Telecom provider pledges ‘unheard of’ service levels

A newly-launched telecommunications provider yesterday promised “unheard of” service quality levels for the Bahamian market, as it will incur financial penalties for failing to meet customer expectations.

‘Lots of muscle’ required for $142m toxic BOB pile

The Bank of The Bahamas bail-out vehicle must now employ “lots of muscle” to recover its remaining “toxic” loan collateral valued at $142m, its chairman revealed yesterday.

Robin Hood chief still eyeing $5-$8m eastern build-out

By NEIL HARTNELL Tribune Business Editor Robin Hood's president is eyeing a career move into real estate development via a further $5.5-$8 million build-out of the former retailer's Prince Charles Drive site, telling Tribune Business he had "five interes

Robin Hood chief still eyeing $5-$8m eastern build-out

By NEIL HARTNELL Tribune Business Editor Robin Hood's president is eyeing a career move into real estate development via a further $5.5-$8 million build-out of the former retailer's Prince Charles Drive site, telling Tribune Business he had "five interes

Robin Hood chief still eyeing $5-$8m eastern build-out

By NEIL HARTNELL Tribune Business Editor Robin Hood's president is eyeing a career move into real estate development via a further $5.5-$8 million build-out of the former retailer's Prince Charles Drive site, telling Tribune Business he had "five interes

Kerzner couldn't get 'unqualified' 2010 accounts

By NEIL HARTNELL Tribune Business Editor Kerzner International defaulted on its $2.5 billion loan agreement in May 2011, a lawsuit has alleged, with auditors unable to provide a set of 2010 'unqualified' financial statements for the Atlantis and One & On

Kerzner couldn't get 'unqualified' 2010 accounts

By NEIL HARTNELL Tribune Business Editor Kerzner International defaulted on its $2.5 billion loan agreement in May 2011, a lawsuit has alleged, with auditors unable to provide a set of 2010 'unqualified' financial statements for the Atlantis and One & On

Creating new leader breed

Creating new leader breed By Ian Ferguson We have been working through our 21st century definition of a leader as being one who builds relationships, nurtures staff abilities and, through that talent, accomplishes goals and objectives. We have stated e

Creating new leader breed

Creating new leader breed By Ian Ferguson We have been working through our 21st century definition of a leader as being one who builds relationships, nurtures staff abilities and, through that talent, accomplishes goals and objectives. We have stated e

Creating new leader breed

Creating new leader breed By Ian Ferguson We have been working through our 21st century definition of a leader as being one who builds relationships, nurtures staff abilities and, through that talent, accomplishes goals and objectives. We have stated e

BUILDING TALENT POOL OF LEADERS

By Ian Ferguson For some time there has been a great debate to determine whether leaders are born or made. Some argue that we have all been touched with some innate ability to lead. Others still purport that leadership is a skill acquired by the delibera

BUILDING TALENT POOL OF LEADERS

By Ian Ferguson For some time there has been a great debate to determine whether leaders are born or made. Some argue that we have all been touched with some innate ability to lead. Others still purport that leadership is a skill acquired by the delibera

BUILDING TALENT POOL OF LEADERS

By Ian Ferguson For some time there has been a great debate to determine whether leaders are born or made. Some argue that we have all been touched with some innate ability to lead. Others still purport that leadership is a skill acquired by the delibera

How to ensure you're not among the 1,700

By Ian Ferguson Knowledge is power. For the small and medium-sized business, this statement proves true every time. Having information about your business, customers, the economy and your competitors is crucial to your success and growth. Perhaps in the

‘Unenviable balancing act’ confronting The Bahamas

The Bahamas “faces an unenviable balancing act between food security and fiscal discipline”, the Inter-American Development Bank (IDB) warned yesterday, with global financial developments proving “particularly concerning”.