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NPBA: Giants squash Marines 132-73

THE New Providence Basketball Association ended the first segment of its season on a high note with a pair of marquee matchups Saturday night at the DW Davis Gymnasium. The league reopens play on January 3.

'Jail time' urged to crack down on $20m poaching

Fishermen yesterday described this week’s capture of a Dominican fishing vessel and its crew as “just the tip of the iceberg”, estimating that a “conservative” $20 million worth of fish was stolen annually from Bahamian waters.

Minister: Web shop tax can reduce VAT burden

Another Cabinet minister yesterday added his voice to those calling for legalising a Bahamian web shop industry, suggesting the $20-$100 million in annual taxes it might generate could lessen what was needed from Value-Added Tax (VAT).

CLUBS AND SOCIETIES 02052015

Bahamas Press Club. - President of the Bahamas Press Club 2014, Anthony A Newbold, addressed the Rotary Club of South East Nassau weekly luncheon meeting on the role of the Press.

Clubs and Societies 11/21/2014

Anglican Church Men of Christ Church Cathedral. - The Anglican Church Men of Christ Church Cathedral invites the public to come and join then at their annual Thanksgiving happy hour mix-mingle and dance on Friday, November 28, beginning at 5:30pm. Music will be provided by DJ Ice BS productions. Tickets are priced at $20. Venue: Cathedral Parish Hall and Courtyard, George Street. Part proceeds to Cathedral House.

SAC VICTORIOUS: Big Red Machine win all three divisions of BAAA National High School Track & Field Championships

St Augustine’s College Big Red Machine, still celebrating their recent triumph in the Bahamas Association of Independent Secondary Schools, captured all three divisions of the Bahamas Association of Athletic Associations’ National High School Track and Field Championships and final CARIFTA Trials.

‘Don’t price ourselves out’ on corporate income tax

Bahamian realtors yesterday said data showing they enjoy near-40 percent gross profit margins is “skewed very far off” as they urged the Government “to be careful we don’t price ourselves out of the market” over corporate income tax.

Hudson in record book, athletes qualify for CARIFTA

Tarahj Hudson tossed his name into the record book, while Dion Desamour, Larcathea Cooper and Clinton Laguerra emerged as CARIFTA qualifiers during the inaugural Red-Line Classic at the Thomas A Robinson National Stadium on Saturday.

QC: Web shop tax hikes breach EU’s demands

Island Luck’s attorney yesterday warned that the web shop tax hikes place The Bahamas “in clear and present danger” of violating the European Union’s (EU) anti-tax evasion offensive.

Govt gives up $25m annually on web shops

The Government has agreed to forego $25m in annual revenues to settle the taxation dispute with the web shop industry, a Cabinet minister revealed yesterday.

Babak’s annual $1m plus $20m through Port sale

Ex-chairman Hannes Babak has been due $1 million per annum from the Grand Bahama Port Authority (GBPA) in each of the past four years, and will receive a further $20 million once it is sold.

Suriname clinches ICC Americas U-29 Division II Championship title

JOSHUA Holder shot a blistering 129 from 71 balls to help Suriname clinch the International Cricket Club (ICC) Americas Pepsi Under-29 Division II Championship title at Haynes Oval on Saturday.

BPL rate increase ‘probably justified’

The Opposition’s deputy leader yesterday said an increase to Bahamas Power & Light’s (BPL) base rate was probably “justified” on a commercial basis to arrest average annual losses of $20-$30 million.

Gov’t ‘got nothing’ for foregone $2bn taxes

The Government’s deal with the Grand Bahama Port Authority (GBPA) “makes no sense” because it has gained just “nebulous promises” in return for foregoing potentially $2 billion in taxes.

Education woes leave ‘blind leading blind’

The Bahamian education system’s woes have created sub-standard management throughout the Government and private sector, resulting in “the blind leading the blind”.

Corporate income tax for Bahamas ‘mammoth task’

A leading Bermuda accountant yesterday warned The Bahamas that implementing a corporate income tax regime is a “mammoth task” that should not be underestimated.

Hotel expansion: ‘All our fears come true’

Two prominent Bahamian businessmen yesterday voiced fears their area’s property values will be undermined if a Bahamian hotel’s planned expansion worsens existing traffic and noise woes, adding: “All our fears have come true.”

Lincoln Bain loses appeal over $64k repayment

FIREBRAND political activist Lincoln Bain has had the threat of a 90-day prison sentence eliminated despite losing his appeal against having to repay $64,000 over a failed investment deal.

Food cost ‘plateau’ looms despite 60% egg increase

Super Value’s president yesterday voiced optimism that food price inflation could start to “plateau” by end-September despite warning Bahamians that egg prices could suffer an imminent 60 percent increase.

20% gambling tax 'reasonable'

A well-known businessman yesterday backed legalising gambling for Bahamians, suggesting numbers operators be taxed at “a reasonable” 20 per cent rate as he told Tribune Business: “We have no choice.”

The Tribune

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