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‘Farm thieves need a tougher penalty’
SOCIAL Services Minister Frankie Campbell said yesterday he believes there should be tougher penalties for people who steal from farmers, saying the issue is a vexing problem in his constituency that needs to be addressed.
PETER YOUNG: Outdated - by no means as the G7 has a vital role still to play tackling global issues
FOR a few days last week it could reasonably have been claimed the centre of international affairs and diplomacy was in England’s southwestern county of Cornwall. Under the annual rotating presidency system of the G7 – the world’s largest advanced economies and wealthiest liberal democracies – the UK had organised the group’s first face-to-face meeting since the beginning of the pandemic 18 months ago.
Govt mulling $1m investment floor for permanent residency
The government is eyeing a $1m minimum for investors to qualify for economic permanent residency by making non-real estate investments in The Bahamas, a Cabinet minister revealed last night.
Kalik maker’s loss doubles as revenues decline 15%
Commonwealth Brewery yesterday blamed a 15 percent year-over-year revenue decline for its 2021 first quarter loss more than doubling in comparison to 2020 figures.
EX-DPM: Collect all taxes ‘without fear or favour’
An ex-deputy prime minister yesterday urged the government to develop a US Internal Revenue Service-style mindset to collect taxes “without fear or favour” while slamming proposed new compliance measures.
Ex-AG: ‘No cause to panic’ over 15% tax
An ex-attorney general yesterday reassured that The Bahamas has “no cause to panic” over the 15 percent global minimum corporate tax rate agreed by world’s powerful nations at the weekend.
Gaither looks ahead to Tokyo
SHE'S been holding her own as one of the top sprinters in the country for the past few years, but Tynia Gaither said she's looking for more.
Tourism minister ‘anxious for end to quarantines’
A Cabinet minister says he is “anxious to get rid of quarantines and curfews”, adding that this is having an impact on the ability of Bahamian hotels to jumpstart their lucrative group travel business post-COVID.
Exemptions are a cruel gimmick
By its nature, a Value Added Tax affects the whole domestic eco-system of an economy. It applies to everything. That is how it is intended and that is its strength. As such, the application of “exemptions” is meaningless, because everywhere the recipient of the exemption turns, he still has to pay VAT in order to use the money he has “saved” via the exemption.
Hurricane VAT holiday to have ‘net zero’ effect
An ex-Bahamian Contractors Association (BCA) president yesterday said building material price hikes mean the government’s hurricane readiness VAT “holiday” and other tax breaks will just have a “net zero” effect.
Royal Caribbean: No Crown Land lease for $110m project
A senior Royal Caribbean executive has confirmed it has yet to secure a crown land lease for its $110m Paradise Island project as he indicated a willingness to “co-exist” with rival developers in that area.
Cargo port ‘starts to shrink the gap’
Nassau’s sole cargo port yesterday voiced optimism it has “started to shrink the gap” to pre-COVID business volumes with vehicle imports making up 20 percentage points during May alone.
‘Walk and chew gum’: Subsidies, debt cost $938m
The Bahamas “must walk and chew gum” on its fiscal and economic revival, a leading banker has warned, with $938.5m - one third of government spending - taken up by debt and subsidy costs.
Man in hospital ‘after stabbing by love rival’
AN ABACO man was flown to New Providence for medical treatment after he was attacked by the supposed boyfriend of a female companion.
Govt targets $3m travel visa surplus
The government is aiming to generate a net $3m surplus from the COVID-19 health travel visa scheme in the upcoming fiscal year, with one Cabinet minister saying: “We have to live within our means.”
EDITORIAL: No cause for alarm or the elephant in the room?
IS the country’s level of debt and its deficit something to worry about, or not?
Dennis Dames declares war
As a Free National Movement (FNM) supporter since the 1970s, I am ready to cast my net on the other side. The party has been transformed in to a sweetheart political organisation – where the leaders appear to be following in the footsteps of their whore-mongering predecessors.
‘Makes no sense’: Realtors challenge tax crackdown plan
Prominent realtors yesterday warned that the government’s plan to target delinquent commercial property owners by seizing their tenants’ rent “makes no absolutely no sense”.
Steps towards a greener future
ActivTrades
STILL unknown to most, Carbon Allowances will soon start catching headlines, gaining importance as an increasing number of countries adopt zero net carbon targets, leaving polluting businesses’ under pressure to either drastically reduce emissions or offset them through such credits, in order to avoid heavy fines or outright closing-down by authorities.
BTC targets 60% Internet ‘migration’
The Bahamas Telecommunications Company (BTC) is aiming to switch 60 percent of Internet customers to its new network technology by 2023 as it seeks to “reclaim the market leader mantle”.
