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A COMIC'S VIEW: Cuban millionaires, Lyford Cay billionaires - an everyday Bahamian soap opera
The expression ‘the truth is stranger than fiction’ never held much water to me. Albeit, I have been accused of having an “overactive imagination” so maybe that’s why what shocks others usually just amuses me.
GB residents to gain $3m energy windfall
Hard-pressed Grand Bahama residents will have a collective $3 million returned to them as a result of their energy provider’s revised tariff structure, Tribune Business was told yesterday.
The Bahamas’ long journey backwards
“THE Bahamas has come a long way in three and a half years!” boasts PLP Chairman Bradley Roberts in a release sent to the press on Tuesday ridiculing observations made by FNM Deputy Leader Peter Turnquest on government’s poor performance.
Super Value chief: We have ‘lowest and simplest VAT’
Super Value’s owner has lauded the Bahamas’ Value-Added Tax (VAT) as “the lowest and simplest in the world”, adding: “Children could put in the returns.”
Way of the Albatross
Long ago, in the distant past, there lived a fabled bird - the Albatross. That magnificent winged creation of Yahweh was rumoured to be capable of flying across oceans, real and imaginary, without nourishment or rest. Alas, after serving whatever role that was allotted, the Albatross has now been relegated to the ranks of extinct.
WTO to end property tax advantages for Bahamians
The Bahamas will have to eliminate its nationality-based real property tax exemptions that discriminate in favour of locals before it becomes a full World Trade Organisation (WTO) member, a report warning the current system is “not in accordance with international practice”.
Judge unimpressed by broker’s ‘failed corporate suicide’
A Bahamian broker/dealer’s “failed attempt at corporate suicide” has failed to impress a New York judge, who has ordered it to produce potentially thousands of documents sought by US federal regulators by today.
BTC chief projecting 30% mobile share loss
The Bahamas Telecommunications Company’s (BTC) chief executive yesterday said the industry “rule of thumb” is that the second Bahamian mobile operator will seize 30 per cent of its market share.
Cable: URCA regulations ‘impede’ mobile roll-out
Cable Bahamas has warned that the Utilities Regulation and Competition Authority’s (URCA) own infrastructure sharing regulations will prevent the winning mobile bidder from meeting the Government’s “ambitious” network roll-out targets.
‘No way’ Freeport can bear two sets of taxes
There is “no way” that Freeport businesses could pay two sets of taxes, a senior private sector executive yesterday urging the Government to “definitely” renew the city’s expiring investment incentives until 2054.
Gov't urged: Stop throwing VAT info 'hand grenades'
The Government was yesterday warned that throwing out “information hand grenades” without a supporting education platform in place was leading to the spread of dangerous “misinformation” on Value-Added Tax (VAT).
Bahamas avoids tax exchange 'disaster'
The Bahamas is “in the best possible position” following last week’s OECD Global Forum, a private sector executive warning yesterday that it would have been “disastrous” not to agree to automatically exchange tax information.
Bank of Bahamas: QC urges suit if 'no accountability'
A top QC yesterday urged minority Bank of the Bahamas shareholders to launch a ‘class action’ style lawsuit if the institution fails to fully account for its $100 million ‘rescue’ by the Government.
Breezes attorney: Baha Mar’s approach ‘simply unheard of’
An attorney for SuperClubs Breezes says he has “never experienced a more blatant trespass” in three decades of conveyancing practice than that allegedly seen in the hotel’s ‘land swap’ battle with Baha Mar.
The need to regulate private security firms
The Bahamas has in recent years seen an explosion of growth in the private security sector. This growth is largely due to the increasing crime rates, expansion of various industries that require basic security controls to operate, and the increase in personal wealth for many Bahamian business persons
Young Man's View: Little festive cheer and goodwill for Bahamians
When one considers the recent crime wave and other national aliments afflicting our country, it is becoming patently clear that the wheels are coming off.
Bahamas is Caribbean's top tourist market share loser
The Bahamas has lost the greatest tourism market share of any Caribbean nation in the post-recession years, an International Monetary Fund (IMF) report has revealed, with this nation ranked as the region’s most expensive.
Alvernia Crusaders defeat Bahamas Select side, 5-2
THREE years ago, coach Bill Bonewitz and his Alvernia Crusaders women’s soccer team blanked the Bahamas select side.
BoB reporting ‘integrity’: 12-month validation sought
The Central Bank was so concerned about the accuracy and “integrity” of Bank of the Bahamas’ regulatory reporting that it demanded Ernst & Young “validate” all materials submitted to it for 12 successive months.
RBC agrees $35m fine over scheme involving Bahamas
Royal Bank of Canada (RBC) has agreed to pay a $35 million civil fine to US regulators over a “massive wash trading scheme” that involved its Bahamas branch.
