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Business Licensing is 'too convoluted'
THE Business Licence issuance and renewal process is “too long, too convoluted” and needs to be reformed, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman said yesterday.
Content marketer pledges to cut ad budgets 'in half'
A BAHAMIAN content marketing start-up is offering small businesses the opportunity to increase their exposure and maximise advertising dollars, its founder telling Tribune Business yesterday that their platform could cut marketing costs “in half”.
BTVI readies for solar 'take off'
The Bahamas Technical and Vocational Institute (BTVI) has officially restarted its solar energy programme, believing this sector is primed for “take off”.
Gov’t makes ‘poor case’ on VAT need
THE Government has made a “poor case” as to why this nation must implement a Value-Added Tax (VAT), a leading businessman said yesterday, questioning: “If not VAT, then what’s the plan?”
Consultant calls for six-month VAT 'pilot'
THE Government should implement an “across the board” Value-Added Tax (VAT) rate of 10 per cent, a leading small business consultant suggesting the tax be implemented via a six-month pilot programme beginning in January 2015.
VAT delay providing 'blessing in disguise'
With just 22 per cent of hotels indicating they had a full understanding of Value-Added Tax (VAT), the Bahamas Hotel and Tourism Association (BHTA) believes the delayed implementation provides an ideal opportunity to minimise costs and revenue losses.
Gaming industry to still feel VAT
The gaming industry will feel the impact of Value-Added Tax (VAT) in addition to whatever industry-specific structure the Government decides to impose, a senior Ministry of Finance official says.
Jones and Sun topple Lynx in final game for Sylvia Fowles
JONQUEL Jones and the Connecticut Sun concluded the WNBA regular season with wins in nine of their last 11 games and head into the playoffs as a legitimate title contender.
Misguided to compare GB Power with BEC
The Opposition’s deputy leader yesterday said protesters were comparing “apples with oranges” in arguing that Grand Bahama Power Company’s tariffs should at least match BEC’s, adding that the former’s newly-approved rate structure “strikes a relatively decent balance”.
Work permits: 90% of applications come from Bahamians
Ninety per cent of work permit applications come from Bahamian businesses and individuals, a former Immigration Minister telling Tribune Business that the Government did not understand the need to “run the Bahamas as a business”.
Lashann Higgs and Longhorns fall short in NCAA Elite Eight
HER NCAA Tournament run came up short in the Elite Eight, but a highly touted freshman season for Lashann Higgs gave the Texas Longhorns’ faithful optimism about her future with the programme.
Dealer’s ‘art’ expansion as auto sales jump 60%
A Bahamian dealer yesterday revealed it will imminently launch its Automotive Art subsidiary in the belief operators cannot survive on vehicle sales alone despite an industry-wide 60 percent increase for the 2023 first-half.
STATESIDE: While favoured by Republican elites, DeSantis has uphill battle to overcome Trump fans
THERE is a TV ad running in major US markets these days. It is a direct attack on Florida Governor Ron DeSantis. In the ad, someone solemnly declares that DeSantis has supported efforts “to raise the national retirement age to 70 (it is currently 62 to get some Social Security benefits).” The voice then states that DeSantis “has voted to defund Social Security and Medicare.”
$1bn pledge centres on health projects
A US group’s $670m proposal to transform Bahamian healthcare infrastructure is just one of “five offers on the table”, a Cabinet minister revealed yesterday, adding: “It’s nice to have options.”
'Crazy' aviation taxes may cost tourism $20m
The Bahamas will “conservatively” lose $20 million in tourism revenues if it maintains the new and increased taxes on the private aviation sector, an industry expert yesterday slamming the Government’s policy as “crazy”.
URCA lauded as energy regulator
A well-known private sector representative yesterday lauded the decision to make the Utilities Regulation & Competition Authority (URCA) the independent regulator for the Bahamas’ energy sector, adding that it would now start to fulfill the role it was created for.
Gov’t ‘happy’ with VAT inclusive price roll-out
The Ministry of Finance’s top official said yesterday that the Value-Added Tax (VAT) Unit was happy with initial retail compliance on ‘inclusive’ pricing compliance, though this was not yet at 100 per cent.
Roberts blasts Butler-Turner over criticism of government
PLP Chairman Bradley Roberts shot back at Long Island MP Loretta Butler Turner’s criticism of the Christie administration, saying the opposition member is “confused”.
VAT shifting buyers towards used autos
A well-known auto dealer yesterday said consumers had shifted towards used vehicles post Value-Added Tax (VAT), while new car sales remained relatively flat.
VAT road bumps ‘fairly normal’
A senior tax specialist yesterday said numerous issues related to Value-Added Tax (VAT) administration still need clarification, a problem typical with the introduction of any new tax system.
