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IDB TO BAHAMAS: RUN 2.5% PRIMARY SURPLUS
By NEIL HARTNELL Tribune Business Editor The Bahamas was yesterday warned to "pick up the pace" of fiscal reform, the Inter-American Development Bank's (IDB) top Caribbean economist saying this country needed to achieve primary Budget surpluses equivalen
Green economy gives ‘opportunities galore’
The Government would help create a “far greater” number of “meaningful” Bahamian jobs if it abandoned its current development approach in favour of the ‘green economy’, a well-known QC believes.
Gov’t urged: Don’t lose momentum on ‘sole tax panacea’
The Government has been urged to set a date for the Central Revenue Agency’s (CRA) creation, the Tax Coalition’s chair fearing that momentum on a tax compliance “panacea” may be lost.
BIA chair warns on Brexit's potential to impact FDI, banking
The Bahamas Insurance Association's (BIA) chairman yesterday warned it was currently impossible to predict how the UK's European Union (EU) exit will impact the Bahamas, adding: "The only certainty is uncertainty".
VAT guidance notes undermine core financial sector policy
The Government’s “inconsistent” Value-Added Tax (VAT) positions are threatening to undermine core financial services policy objectives, a top QC warned yesterday, threatening a loss of competitiveness and high-value business.
BPL pledges: You’ll have ‘soft landing’ on extra charge
BAHAMAS Power & Light’s (BPL) chairman yesterday pledged to make “the landing as soft as possible” for Bahamian consumers when it adds a debt servicing charge to their bills.
VAT readiness: PM warned that 'Clock ticking'
Prime Minister Perry Christie has been warned that “the clock is ticking” on the private sector’s Value-Added Tax (VAT) readiness, a Tax Coalition co-chair yesterday calling for the revised legislation and regulations to be published “as soon as possible”.
Broker blames SEC battle on regulator’s ‘inaction’
A Bahamian broker/dealer has blamed the Securities Commission’s “inaction” for creating its dispute with US regulators over their document production demands.
Bahamas sees 'phenomenal' 11% airlift rise
By NEIL HARTNELL Tribune Business Editor The Bahamas saw a "phenomenal" 11 per cent increase in airlift capacity year-over-year for February 2012, the minister of tourism and aviation yesterday saying this trend reflected "growing visitor demand" and was
Bahamians warned: Brace for post-VAT delinquency cut-off
Bahamians must get used to companies increasingly cutting them off for non-payment due to Value-Added Tax’s (VAT) cash flow impact, a well-known businessman warned yesterday.
Gov’t is warned: Don’t fall in love with VAT monies
The Government has been warned not to become “too enamoured” with Value-Added Tax’s (VAT) relatively successful start in preparing next week’s 2015-2016 Budget.
PM says: ‘Make best of bad situation’ on VAT
A “very conciliatory” Prime Minister Perry Christie has urged the private sector to “make the most of a bad situation” on Value-Added Tax (VAT) and its implementation, Tribune Business can reveal.
Bahamas ‘must get it right first time’ on tourism value
The Bahamas Hotel and Tourism Association’s (BHTA) president has warned that this nation will suffer reduced stopover arrivals unless its product value improves, adding: “We need to get it right first time.”
BAHAMAS OUT OF STEP ON 'INFORMATION AGE'
By NEIL HARTNELL Tribune Business Editor The Bahamas must retool its economy and workforce to offer an expanded services menu including software development and retirement homes, the Chamber of Commerce and Employers Confederation's (BCCEC) chairman sugg
Insurance recovery may wait until 2017
The Bahamian insurance industry may have to wait until mid-2017 to return to strong growth, with one leading underwriter saying its main goal is to “hold the fort”.
Public liens make IBCs 'a bit unique'
By NEIL HARTNELL Tribune Business Editor The ability to file liens in the public registry against the shares and assets of International Business Companies (IBCs) makes these vehicles "a little bit unique and creates an advantage" for the Bahamas, a seni
Public liens make IBCs 'a bit unique'
By NEIL HARTNELL Tribune Business Editor The ability to file liens in the public registry against the shares and assets of International Business Companies (IBCs) makes these vehicles "a little bit unique and creates an advantage" for the Bahamas, a seni
Public liens make IBCs 'a bit unique'
By NEIL HARTNELL Tribune Business Editor The ability to file liens in the public registry against the shares and assets of International Business Companies (IBCs) makes these vehicles "a little bit unique and creates an advantage" for the Bahamas, a seni
BANK IS FACING 50,000 ACCOUNT PROBE ON FATCA
By NEIL HARTNELL Tribune Business Editor Commonwealth Bank yesterday said it was facing the prospect of 'drilling down' into an estimated 50,000 client accounts to determine if there was any US beneficial ownership connection, while telling Tribune Busin
NASSAU MUST BE INTELLECTUAL, NOT TOURIST, CAPITAL
By Richard Coulson During several recent months, the downward spiral in share prices and the threat of global recession have been largely driven by news - mostly bad - coming from the Eurozone. The abrupt reversal to price increases over the last few we
