All results / Stories
Sort By
Date
Authors
- Everyone
- Neil Hartnell (137)
- Samora St Rose (62)
- Natario McKenzie (33)
- Eloise Poitier (10)
- Paul Turnquest (8)
- Paco Nunez (7)
- Renaldo Dorsett (7)
- Ava Turnquest (2)
- Celeste Nixon (1)
- Dana Smith (1)
Businesses 'deluding themselves' on VAT black economy fears
Large Bahamian businesses “will be deluding themselves” if they believe Value-Added Tax’s (VAT) introduction will result in consumers deserting them in droves for the ‘black economy’ or non-paying rivals, a top official is arguing.
BTC ‘not immune’ from CWC’s $100m cost push
The Bahamas Telecommunications Company (BTC) will “not be immune” to the $100 million savings drive of its majority shareholder, which yesterday said its Bahamian asset’s operating costs were still “higher than we’d like to see”.
Gov't 'right to penalise' Canada banks via taxes
A leading businessman yesterday backed the Government’s move to “hit the banks hard” with new and increased taxes, arguing that the Canadian-owned institutions had helped to bring this upon themselves.
Vat branded as 'huge mistake'
The Bahamas is making “a huge mistake” in introducing a Value-Added Tax (VAT), a prominent financial services provider arguing that it should instead implement a 2 per cent corporate income tax.
Montaque: Related parties owe 28% of 5.4m receivables
Some 28 per cent of Montaque Capital Partners’ $5.351 million receivables are owed by related parties in which its former principals, Owen Bethel and Edison Sumner, have continuing involvement.
Clico liquidator targeting extra $20M from key asset
CLICO (Bahamas) liquidator is aiming to raise another $20 million before closing the sale of its main asset, a sum that would enable him to hit his $50 million target “pretty much spot on”.
Gov't targeting $660m revenue rise in 4 years
The Government is targeting improved revenue yields equivalent to 4 per cent of Gross Domestic Product (GDP) as the centrepiece of its plan to generate a recurrent Budget surplus within three years, it was disclosed yesterday.
Web shop legalisation 'alters economic order'
A leading businessman believes the legalisation of web shop gaming will be “a game changer” for the Bahamian economy and government finances, and called on ‘legitimised’ numbers operators to help “self-police” the sector.
Renewable energy fearing 'significant harm' from VAT
Bahamian renewable energy providers yesterday warned of “significant harmful effects” if the sector is subject to 15 per cent Value-Added Tax (VAT), adding that it would undermine a key aspect of government policy.
Cable's $100m issue to slash debt costs
Cable Bahamas is aiming to slash interest costs by up to two percentage points via its $100 million preference share restructuring, revealing to Tribune Business yesterday that its Florida and local growth initiatives are “on plan”.
Governor to Gov't: Act quickly on web shop 'vulnerability'
The Central Bank’s governor last night effectively urged the Government to get a move on in addressing the “vulnerability” caused by unregulated web shop gaming, warning it threatened to undermine plans for a Bahamian Credit Bureau.
Broker 'caused' to supply false financial details
The mastermind behind a $340 million Ponzi fraud allegedly “caused” a BISX-listed firm’s broker/dealer affiliate to issue “fabricated financial information” that resulted in the value of investors’ holdings being overvalued by almost $149 million.
Barbados holds off Bahamas 5-1 for bronze
THE US earned the right to compete in the IC Worldwide Final next year at Wimbledon by beating Mexico 4-0 on Monday as the IC North American 16-and-under Junior Challenge came to a close at the National Tennis Centre.
Brewery volumes down 2% on 'Major' smuggling rise
Commonwealth Brewery yesterday attributed its almost-2 per cent sales volume decline in 2013 to a “significant increase” in beer and spirits smuggling, its chief executive warning that this was “bad” for both company and the Government.
Donald Sterling is banned for life by the N.B.A.
NEW YORK (AP) — Issuing about the strongest rebuke that he could, NBA Commissioner Adam Silver banned Los Angeles Clippers owner Donald Sterling for life on Tuesday for making racist comments in a recorded conversation, the first step toward forcing a sale of the club and permanently removing Sterling from the league.
Gov't delays Cable deal 'related party' payouts for 30 months
Philip Keeping and Troy d’Arville, the Furniture Plus chief, will have to wait 30 months to be paid for their collective 37 per cent stake in an Orlando communications firm, due to government-imposed conditions on its acquisition by Cable Bahamas.
Do you love yourself enough?
How many times have you asked or heard others ask - what is love? Many people actually believe they have some conclusive insight into this often-elusive phenomenon called love.
Business Licence contingency 'a bit dangerous'
A leading accountant yesterday described the Government’s seeming reliance on Business Licence fees as a Value-Added Tax (VAT) contingency as “a bit dangerous”, warning that they would not all be immediately reduced to $100 as previously promised.
Bank wants Gov't to underwrite Out Island expansion
A BISX-listed bank yesterday said it was effectively looking for its majority Government shareholder to underwrite its branch expansion to Bimini and Abaco, and expects to have a presence in the former “within six months”.
'VAT effect will beat Baha Mar'
A prominent businessman yesterday warned that “the VAT effect will outweigh the Baha Mar effect” in 2014, adding that next year will “have been a failure” if unemployment remains close to 16 per cent.
