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Bahamas' 27% FDI ratioleads West Hemisphere

The Bahamas’ 27 per cent gross foreign direct investment (FDI) ratio led the entire Latin American and Caribbean region in 2012, a Wall Street rating agency yesterday ranking this nation as one of only two projected to achieve above average economic growth in 2012.

Bahamas is urged: 'Move quickly, but carefully, on plane registry'

The Bahamas needs “quick but careful movement” in establishing a competitive international aircraft registry, an attorney warning that its competitors had already made “great inroads” and stolen a march on it.

BISX targeting 'same level of success and more' on fund listings

The Bahamas International Securities Exchange (BISX) yesterday said it was aiming to “achieve the same level of success as last year and then some” when it comes to attracting new fund listings in 2014.

Doctors chief calls for healthcare to be VAT 'zero rated'

Doctors Hospital’s president has called for healthcare to be ‘zero-rated’ rather than ‘exempt’ under the proposed Value-Added Tax (VAT), arguing that it is already “too late” for the Government to meet its July 1 implementation target.

Trust - historic or broken?

EDITOR, The Tribune.

Insolvent broker's Liquidators possess $200k for $17.5m claims

The joint liquidators for Owen Bethel’s insolvent Montaque Capital Partners currently possess just $196,238 in liquid assets to cover total creditor claims of $17.5 million, it has been revealed.

Realtor: 2% office vacancy increase 'not encouraging'

Vacancy rates for ‘Class B’ office space on New Providence have increased by 2 per cent since 2011, a leading realtor yesterday saying: “It’s not an encouraging outlook.”

Against new captive dolphin facilities

I am writing to offer EARTHCARE’s unequivocal support to reearth with respect to the Blackbeard’s Cay Judicial Review case.

Fiscal deficit falls 46% in first quarter

The Government’s fiscal deficit was slashed by almost 46 per cent to $78.1 million for the first quarter of its 2013-2014 fiscal year, even though the Bahamian economy continues to face “significant headwinds”.

IAN FERGUSON: Plan now for 2014 success

Most local economists have projected that 2014 is expected to be the best year for the Bahamas since the recession hit in 2007-2008.

Tax co-chair queries 'immediate' end to $300m Customs duties

A Tax Coalition co-chair yesterday questioned why the Bahamas was rushing to “immediately” replace $300 million worth of Customs duties, when the rules-based trading regimes it is joining allow such change to be phased in.

Tax experts support one rate, no exemptions V.A.T. framework

A “one rate, no exemptions” Value-Added Tax (VAT) framework has worked “extremely well” in New Zealand according to tax experts from that country, noting that such a move would broaden the tax base and minimise compliance costs.

Interpol training to help tackle organised crime

BAHAMIAN and Interpol officials opened a two-week training programme yesterday that is expected to enhance the investigational skills of law enforcement personnel in the interdiction of criminal organisations involved in counterfeiting, money laundering, human smuggling and the trafficking of illicit goods, weapons and drugs,

VAT: manufacturing impact 'far from' original fears

The implementation of Value Added Tax (VAT) will not have the impact on Bahamian manufacturers that was initially feared, an industry leader yesterday saying businesses were failing to see the “two sides of the coin”.

Communications in 6% licence burden 'hit'

The 2013-2014 Budget will make the communications sector one of the Bahamas’ most heavily taxed industry, a major player estimating that its various licence fees now equalled around 6 per cent of total annual revenues.

'Strong Bahamian connection' for university basketball programme

The University of Houston’s Basketball programme will have a strong Bahamian connection this fall after the transfer of LJ Rose to the Cougars.

Regulators must account for 'serious consequences'

A leading businessman has warned that the level of due diligence required to open a bank account in the Bahamas is having “serious consequences” for the Bahamas’ attempts to position itself as an international business centre.

Fund targets 'definite Improvement' for 2014

The BISX-listed Bahamas Property Fund yesterday said it expects a “definite improvement” in earnings for 2014, amid hopes that “at least three outstanding lease requests” materialise into firm deals.

Gov't urged: Put VAT 'cards on the table'

The think-tank behind a controversial study on the new Value-Added Tax (VAT) yesterday urged the Government to “put the cards on the table and be more transparent” over its tax reform plans, suggesting it was itself unsure about the impact on the wider economy.

DNA dismisses PM's VAT comments as 'nonsense'

DNA leader Branville McCartney has dismissed Prime Minister Perry Christie’s latest comments on Value Added Tax as “utter nonsense” and criticised the government for trying to ram what could prove to be a disastrous tax system down the throats of Bahamians.

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