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NIB to speed up smart card renewal go-ahead

The National Insurance Board’s (NIB) director yesterday pledged to speed-up smart card renewal authorisations for Family Island residents amid complaints of lengthy delays. Dr Nicola Virgill-Rolle spoke out after an Andros-based businessperson revea

Food retailer: Customers get increasingly frustrated

A Bahamian food retailer says “the money is not adding up” as customers get increasingly frustrated at the length of time it is taking to enter and check-out of stores amid the COVID-19 restrictions. Travarus Barrow, the Phoenix Supermarket’s genera

Minister targets financial stability

A newly-appointed Cabinet minister yesterday said the Davis administration’s first objectives will be to “decelerate” the Government’s rate of borrowing and improve the ease of doing business.

Bahamas hopes Kravitz ad rocks tourism growth

The Minister of Tourism is hoping The Bahamas’ new Lenny Kravitz-inspired advertising campaign will help drive stopover visitor growth “in the teens or low double digit” percentages for 2019.

Top IMF executive backs Gov't on VAT

A senior International Monetary Fund (IMF) executive yesterday effectively backed the Bahamas’ decision to implement a Value-Added Tax (VAT) regime, describing it as a “very efficient” form of taxation.

Top regulator: VAT doesn't alter tax system's regression

The Securities Commission’s acting top executive has warned that Value-Added Tax (VAT) will extend the regressive nature of the Bahamian tax system, with the Government unwilling to tackle the income tax “sacred cow”.

Regional economist backs V.A.T.

PORT OF SPAIN, Trinidad - A regional economist said Value Added Tax (VAT) is “the best alternative to border taxes” for this country adding that The Bahamas must move quickly to create vital alternative sources of funding as customs duties face “significant” cuts in the lead up to WTO ascension.

BOSS calling BTC into line on 20% sales fall

A well-known retailer yesterday blasted the Bahamas Telecommunications Company (BTC) for phone line woes that slashed sales in key product lines by up to 20 per cent during its “Christmas season” equivalent.

Gov’t told: Avoid ‘piecemeal approach’ over tax reforms

The Opposition’s leader yesterday urged the Government to avoid “a piecemeal approach” to reform in the FNM’s response to the corporate income tax proposal, warning: “We have a very small margin for error.”

Budget’s housing focus can be ‘windfall catalyst’

The Budget’s focus on stimulating home ownership “could be the catalyst that triggers an economic windfall” by boosting investor confidence in the wider economy, the Bahamian Contractors Association’s (BCA) president believes.

Team Bahamas suffers 113-67 rout to Canada

Different venue, same result as the Bahamas senior men’s national basketball team lost the rematch to Canada and their fourth game of the FIBA Basketball World Cup – Americas Qualifiers.

Businesses are warned: Stop ‘lying’ on turnover

The Government’s tax collection chief yesterday voiced scepticism that fewer than 20 percent of businesses meet the VAT registration threshold, and demanded the private sector “be truthful”.

Delinquent Mortgages: '20% can pay but don't'

By NEIL HARTNELL

Bahamas committed to marine protection goals

The Bahamas remains committed to setting aside 20 percent of its territorial waters as Marine Protected Areas (MPAs) by 2020, a Cabinet minister has confirmed.

FNM supporters in Long Island ‘in disarray’ after shock move

FREE National Movement supporters in Long Island yesterday were said to be in “disarray” after seven parliamentarians petitioned to remove party Leader Dr Hubert Minnis as leader of the Official Opposition in the House of Assembly and replace him with their parliamentary representative Loretta Butler-Turner.

Many exemptions making VAT 'too damn complicated'

The Government’s proposed 150 exemptions risk making Value-Added Tax (VAT) “too damn complicated”, a well-known businessman yesterday warning this would result in increased tax rates and non-compliance.

Details announced for Sir Jack Hayward memorial service

MOURNERS are expected to gather at the Pro-Cathedral of Christ the King on February 23 to say their final farewells at a memorial service for the late Sir Jack Hayward, who was instrumental in the development of Freeport. Sir Jack, 91, died in Fort Lauderdale last month.

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