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Corporate income tax 'not on Gov't agenda'

The Government is not planning to introduce “a broad-based corporate income tax”, as recently urged by the International Monetary Fund (IMF).

Companies to blame for oil leaks may face action

CASES might be brought against companies responsible for leaking oil into waters around the Clifton Pier area, lawyer and environmental activist Fred Smith said yesterday.

Abaco business owners 'opened up' to the IRS

The Abaco Chamber of Commerce is aiming to take the lead in informing residents with dual US citizenships about their obligations to the Internal Revenue Service (IRS) under the Foreign Account Tax Compliance Act (FATCA).

BTVI solar energy course heats up

The Bahamas Technical and Vocational Institute (BTVI) is set to kick its solar training programme into high gear, in a bid to create a Bahamian workforce trained in renewable energy installation.

Union leader: NHI will end 'days of cook-outs'

A trade union leader is “definitely” backing the Government’s proposed National health Insurance (NHI) scheme, stating: “The days of cook-outs are over”.

Stand up and be counted

Why is it that apathy and/or complacency are so predominant in our society today? Is it like the recent Sideburns cartoon illustration where it was mentioned that the nation has an average “D-” in maths and thus are unable to comprehend VAT? However, many of the issues I raise below are not solely targeted at the uneducated or uninformed – these are issues where the educated middle-class should be hollering

Real estate ‘bull can only run for so long’

The Bahamian property market is “correcting itself” to more sustainable pre-COVID highs, realtors agree, with 2023 second quarter New Providence home sales down 21 percent as “the bull can only run for so long”.

Cable to appeal URCA fines over TV ‘quality’

Cable Bahamas is pledging to appeal the adverse findings and fines levied against it following a probe into the “quality of service” provided to its pay-TV customers during the 2021 calendar year.

Bahamas 'failed to read tea leaves' on corporate tax

THE Bahamas’ failure “to read the tea leaves” and introduce a corporate income tax “for ourselves” has contributed to Europe’s planned ‘blacklisting’, a financial executive argued yesterday.Paul Moss, Dominion Management Services’ president, told Tri

ALICIA WALLACE: We need to have our say at climate talks

IN less than two weeks, world leaders and activists will meet at COP26, the United Nations Climate Change Conference. The conference will be hosted by the United Kingdom in partnership with Italy. Parties that signed the 1994 United Nations Framework Convention on Climate Change (UNFCCC) treaty.

FUND 'BELOW PAR' AFTER 50% VACANCY CUT FAILURE

By NEIL HARTNELL Tribune Business Editor The Bahamas Property Fund's failure to cut the 20 per cent vacancy rate at its flagship Bahamas Financial Centre by half meant its 2011 performance fell "slightly below expectations", although last May's Bahamian

'Major concern' over BISX listed firm's $5m prefs

The $5 million investment in a BISX-listed firm’s preference shares “is of considerable concern” to the liquidators of its largest client, who have warned that the deal will receive their “continued attention”.

AML profits fall 62% on consumer spending decline

AML Foods yesterday unveiled a 61.8 per cent profit decline for its second quarter, blaming a combination of internal issues and a 5-6 per cent decline in per head consumer spending from mid-year 2013.

Cable 'excluded' from 55% of market

Cable Bahamas is currently excluded from 55 per cent of the Bahamian communications market, a senior executive arguing it should be “in top spot” to gain the second cellular licence.

‘A bloody mess’: $17.1m loss sparks new BOB fear

Angry shareholders are losing faith in Bank of the Bahamas (BOB) ability to regain full health, with one describing it as “a bloody mess” following a 73.4 per cent increase in investor losses to $17.148 million.

Insurer: ‘No concern’ on first $326k VAT expense

Family Guardian’s president says he has seen “nothing to warrant any concern” from Value-Added Tax’s (VAT) imposition on insurance, despite the levy adding $326,000 to third quarter expenses.

Chamber to hold Gov’t ‘feet to fire’

The private sector yesterday pledged to keep the “Government’s feet to the fire” over its stewardship of the public finances, as the fiscal deficit for the 2015-2016 year’s first quarter fell by 34.2 per cent.

BOB admits to anti-laundering weakness

Bank of the Bahamas last year admitted to “deficiencies” in its anti-money laundering regime, and submitted an ‘action plan’ to address them to industry regulators.

Bahamas ‘only now seeing the real VAT effect’

AML Foods’ chief executive yesterday said the Bahamas was “only now seeing the real impact of Value-Added Tax (VAT)”, suggesting that its effects would “bottom out” doing the weakest point in the economic cycle.

BEC manager wins class action battle

The Bahamas Electricity Corporation’s (BEC) prospective manager has received a major boost after a US court dismissed a ‘class action’ lawsuit against it, finding that aggrieved investors “failed to adequately” prove their share price manipulation claims.

The Tribune

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