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Gov’t ‘definitely’ beat first $150m VAT goal
Value-Added Tax (VAT) “definitely” generated more than the $150 million net revenue increase targeted for the 2015 first half, a top official yesterday revealing that June’s compliance rates matched those for the first quarter.
Port chief eyeing Abaco power cable connection
The Grand Bahama Port Authority’s (GBPA) president yesterday suggested running an electricity cable between his island and Abaco as a way to “stabilise” electricity costs and bring rates down.
Just one SOE ‘can throw everything’
The Government yesterday unveiled policies to govern a near-$800m portfolio of loans and guarantees to state-owned entities, a senior official saying: “One transaction could throw everything awry.”
‘Highly probable’ most of $900m tax debts seized
The Ministry of Finance’s top official yesterday said the Large Taxpayer Unit is “just the start” of major reforms as he revealed it is “highly probable” much of $900m in past due taxes will be collected.
Bank fee moans? It’s your ‘own damn fault’
The Central Bank’s top inspector yesterday said he had little sympathy for those complaining about bank fees since it was their “own damn fault if they are too lazy to switch” to online banking.
AG: ‘False parallel’ over web shop tax EU fears
The attorney general yesterday slammed as a “false parallel” suggestions that the web shop industry’s tax hikes will violate the European Union’s (EU) anti-tax evasion demands.
Provider offers $500-$600m waste to energy plant
A Bahamas-based renewable provider is offering to build and operate an estimated $500-$600 million plasma waste-to-energy plant at the New Providence landfill, creating 400-500 full-time jobs, in the process.
‘Nothing to lose’ over concrete export venture
A former Bahamian Contractors Association (BCA) president says the country must explore transforming itself into an exporter of pre-cast concrete products, and urged: “We have nothing to lose.”
Foulkes: Web shop job cuts unfortunate
A DAY after web shop Asure Win said it will close 11 locations and layoff about 50 workers, Labour Minister Dion Foulkes described impending staff cuts from the sector as “unfortunate”, but said there are several factors contributing to the closure of gaming houses aside from a tax increase.
Island Luck chief: ‘I was misled’ on web shop taxes
ISLAND Luck’s principal is alleging that the Government “misled” him over planned web shop tax increases, adding: “My legitimate expectation in a proper consultation was dashed.”
Banks approve fewer than 50% of mortgages
Less than 50 per cent of mortgage applications were approved during the 2017 first quarter, highlighting the Bahamas’ ongoing housing crisis and borrower difficulties in qualifying for credit.The Central Bank’s research department, in a presentation
Cruise line’s pull-out ‘worst case scenario’
The Grand Celebration’s owner has warned that its restructuring hinges on a new agreement with the Ministry of Tourism, and that a pull-out from Grand Bahama would be a “worst case scenario” which costs the Grand Lucayan 50 per cent of its pre-Matthew business.
Banks: 25% never verified Building Code compliance
The Central Bank is urging all licensees to ensure their offices can withstand a Dorian-type Category Five hurricane after 25 per cent said they had never confirmed Bahamas Building Code compliance.
Bahamas in 0-2 hole after loss to US Virgin Islands
Team Bahamas finds itself in a 0-2 hole of the FIBA World Cup Qualifiers after they dropped their second consecutive game of the first home-away series. The visiting US Virgin Islands got the better of the Bahamas in the rivalry once again with thei
FACE TO FACE: My father, the hero
WHEN I was 14 years old, I had the opportunity to participate in the filming of a Hollywood movie right here in Nassau. Gerard Depardieu was the main actor – a French father who took his daughter, played by Katherine Heigl, on vacation to The Bahamas
Freeport investor in 'tax fraud' charges
A business partner of Freeport-based investor, Preben Olesen, is one of two Grand Bahama residents charged by the US federal authorities with operating “a fraudulent offshore tax strategy”.
Fox one step away from Major League Baseball
LUCIUS Fox has made another progression in the Tampa Bay Rays organisation, and is now just one step away from Major League Baseball.The 22-year-old shortstop was assigned to the Durham Bulls, the Rays’ AAA affiliate based in Durham, North Carolina.
Class of 2014 inducted into National Sports Hall of Fame
THE Ministry of Youth, Sports and Culture’s Class of 2014 was inducted into the National Sports Hall of Fame at Government House on Friday night.
Outgoing High Commissioner looking forward to being involved in sports back home
By BRENT STUBBSSenior Sports Reporterbstubbs@tribunemedia.netLONDON: After spending the past four “wonderful” years of as the Bahamas High Commissioner to London, Ed Bethel said his only regret is that he will miss the 16th International Amateur Athl
The drug lord years in the Bahamas
A FLOUNDERING economy in the 1970s left the country desperate and encouraged some within the leadership of the governing PLP to to make the conscious decision to partner with drug lords, Majority Rule MP Ed Moxey told The Tribune.
