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Corporate income tax is 'wrong way around'
The Opposition's finance spokesman yesterday argued that The Bahamas has corporate income tax "the wrong way around" because the proposed reform options are forecast to suck "more money" from the private sector via taxation.
Sears says newly launched Traffic Management Centre first phase to cost $1.8m
THE Ministry of Works and Utilities launched the first phase of its Traffic Management Centre yesterday.
'Screeching economic halt' if diesel stop lasts 10-14 days
Bahamians could "see a totally different economy" if the decision by most petroleum dealers to halt diesel sales lasts for up to two weeks, a well-known contractor warned yesterday.
Corporate tax plan 'dead on arrival' unless wider reform
The Government's corporate income tax consultation will be "dead on arrival" if it does not involve a "holistic" approach to comprehensive Bahamian tax reform, a prominent banker warned yesterday.
Keep Freeport out of a 'political cess pool'
Major figures in last year's protest march to the Grand Bahama Port Authority (GBPA) have reiterated their opposition to its acquisition by the Government for fear Freeport will be dragged into "a political cess pool".
US will warn over crime
My prediction has happened. Two American tourists in Exuma robbed of thousands of dollars, another State Department Advisory will happen warning American tourists of the crime in The Bahamas.
Reinvesting 50% of corporate tax no GDP growth panacea
Reinvesting 50 percent of the revenues generated by a corporate income tax would lessen - but not eliminate - the negative economic impact of each of the four proposed implementation options, the Government is forecasting.
Club Med: Over 75% of workforce returns
Club Med's general manager yesterday revealed that more than 75 percent of the resort's staff have returned to work at the property despite its near three-year shutdown due to COVID-19.
DIANE PHILLIPS: Morgan Freeman live, another nod to the orange economy
ONCE you’ve played God, it must be hard to be human. But on a recent Sunday night in the Atlantis Theatre, the real Morgan Freeman strolled out on stage, took a seat in a comfortable armchair and talked with a crowd of film festival goers, answering every question with humour and honesty, even if a few would not have gotten a thumbs up for intelligence on Rotten Tomatoes.
ERIC WIBERG: The last flight of a Marauder
On October 17, 1944, five years into World War II, a B-26 Marauder aircraft assigned to the Royal Air Force Transport Command took off from the Windsor Field.
Revenue surge to $274m via corporate tax switch
The Government could near-double pre-COVID business taxation revenues if it were to implement a 15 percent corporate income levy across-the-board on all entities bar those generating less than $500,000 in annual turnover.
Cat Island 'going to get whole hog'
Government officials yesterday pledged that Cat Island is "going to get the whole hog" when it comes to airport, roads and utilities upgrades and investments.
PM blasts 'blinkered' officials' tax attitude
The Prime Minister yesterday slammed "blinkered" public officials for adopting inflexible approaches to the collection of outstanding taxes that "close the business" and hinder economic growth and productivity.
CORPORATE TAX PLAN REVEALED: Govt favours proposal of 10-12 percent rate for most businesses
The Government is leaning towards reforms that will see most Bahamas-based businesses pay a "modest" corporate income tax of either 10 or 12 percent with the only exception being small firms earning less than $500,000 annually.
Local banks pass anti-financial crime 'shadow shopping'
The Central Bank yesterday hailed the results of a 'mystery shopper' style survey of Bahamian financial institutions which found "rigorous evidence" they were in full compliance with efforts to combat financial crime.
Bahamas branch of British Legion experiencing financial difficulties
THE Bahamas Branch of the British Legion is experiencing financial difficulties as it tries to cover its June distribution of money and goods.
Gov’t striving to re-open Lucayan’s Breaker’s Cay
The Government has taken a "show me the money" approach with potential Grand Lucayan buyers at it works to open another part of the resort complex to support increased airlift to Grand Bahama, it was revealed yesterday.
PETER YOUNG: Turkey’s identity at stake as the country faces a possible presidential run-off
TO many people, Turkey is something of an unknown quantity. But it is in the news at present because of last Sunday’s parliamentary and presidential elections. These are said to be the most pivotal polls in the nation’s history and President Recep Tayyip Erdogan’s toughest challenge since he first came to power in 2003.
‘WE JUST SHOT OURSELVES IN THE FOOT’: Men’s national beach soccer team goalie speaks on Bahamas’ 4th place finish
It’s not every day that an athlete makes a successful transition from one sport to the other.
PM calls for support for Bridgetown finance plan
PRIME Minister Philip “Brave” Davis said it is morally imperative that Caribbean and Latin American countries support the Bridgetown Initiative, a global climate finance plan.
