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PM's adviser: Join 'bandwagon' for Investor Citizens
A senior adviser to Prime Minister Perry Christie yesterday urged the Bahamas to “join the bandwagon” by introducing an Investor Citizenship programme to target the world’s wealthiest individuals, something that could have “the most transformative effect” on the economy.
Bahamas near bottom at 40% 'tax capacity'
The Bahamas is currently operating at just 40 per cent of its tax capacity, the Government’s US consultants have warned, ranking this nation near-bottom of 98 countries.
S&P: ‘All possibilities on table’ over rating
Standard & Poor’s (S&P) yesterday said “all possibilities are still on the table” over the Bahamas’ sovereign credit rating, with “execution” of Value-Added Tax (VAT) and other Budget measures key to avoiding a further downgrade.
'Disastrous effect' fear if general insurance VAT-able
Placing general insurance into the ‘VAT-able’ category will have a “disastrous effect” on the Bahamian economy, a leading industry executive arguing that the New Zealand tax consultants were “mixing up apples and oranges”.
FATCA compliance to drive 'increased real estate activity'
The Bahamas’ full compliance with US FATCA legislation should drive “increasing real estate activity”, with one realtor already working with two New York firms seeking to relocate to western New Providence.
Financial services ‘burial’ fears over e-mail leaking
A financial services practitioner has warned that the industry suffered an “Easter burial” due to the disclosure of private e-mails in Parliament, branding the move “a Category 5 hurricane”.
Wilson, Scotia eyeing Mexico bad loan JV
Businessman Franklyn Wilson last night declined “to confirm or deny” whether he is in talks with a Mexican company over a joint venture partnership that would acquire, then restructure, delinquent Bahamian mortgage loans.
NASSAU LIFE: A plan for Baha Mar
Richard Coulson suggests a compromise of interests can be found to preserve the stalled mega-resort development
Bank of Bahamas still violating key capital indicators
Long-suffering Bank of the Bahamas shareholders incurred a further $3.392 million loss during the final three months of 2015, with the institution still non-compliant with key capital ratios.
PowerSecure pledges Bahamas dedication amid ‘A team’ demand
PowerSecure has promised its “dedication and commitment” to BEC remains unchanged in the wake of its $431 million purchase, as Opposition politicians urged: “We need the ‘A Team’, not the ‘B Team’.”
Gov’t ‘tax and spend’ fear on $200m increase
The Government yesterday expressed “confidence” it will hit its key fiscal targets despite blowing past its forecast 2015-2016 full-year deficit in just six months, with recurrent spending up $200 million year-over-year.
Gov’t urged: Hear ‘loud cries’ over Business Licence
The private sector has this week written to Prime Minister Perry Christie and several Cabinet ministers to urge that they again review the Business Licence fee structure, on the grounds that “we ought to be in the business of making business easier”.
Gov’t plans S&P meeting to ward off downgrade
The Government will meet with Standard & Poor’s (S&P) immediately after next month’s mid-year Budget in a bid to stave off a further credit downgrade to ‘junk’ status.
Looking back on ten years leading, looking ahead to debate on the EU
LAST month marked the tenth anniversary of British Prime Minister David Cameron’s leadership of the ruling Conservative party. Having emerged unexpectedly to take the helm of his party after only five years as a Member of Parliament, he became prime minister in 2010 at the age of 43, assuming charge of the first coalition government in Britain since the Second World War.
Flat fishing regulations
An open letter to V Alfred Gray, Bahamas Minister of Agriculture and Marine Resources
Oil price crash makes BPC ‘even more attractive’
The Bahamas Petroleum Company (BPC) yesterday said its exploration activities have been made “more attractive than ever” by the recent oil price crash, and it will “break even” with a much smaller oil field than previously thought.
Skills worry over $732m Agency ‘3 months away’
The Government’s Central Revenue Administration (CRA) has hired 75 per cent of its target staff, and anticipates being operational in “less than three months”, amid concerns over whether all its recruits have the necessary tax enforcement skills.
Private sector to ‘up the ante’ on fiscal governance
The private sector yesterday pledged to “up the ante” on fiscal responsibility via the October launch of a renewed public relations campaign, after the Government failed to meet its own summer target for publishing a policy paper on the issue.
Tourism ‘upswing’: Nassau/PI in 12% Internet demand surge
A 12 per cent surge in Internet search demand for Nassau/Paradise Island is leading top hotel officials to conclude “tourism is on an upswing”, with the capital the most sought-after vacation destination in the Caribbean.
TOUGH CALL: ‘Beautiful beyond description’ but Little Harbour faces change
A FEW years ago, I visited Little Harbour on Abaco – a solar-powered community of some 50 homes encircling a picturesque cove near Cherokee Sound.
