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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.
Bahamas in $800,000 farm deal with China
The Government has signed an $800,000 agreement with the People's Republic of China to help support Bahamian farmers through the provision of greenhouses.
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.
Visitor 'leads' jump 40% for Family Islands duo
A senior tourism official says The Bahamas' digital marketing efforts have generated a 40 percent increase in visitor "leads" for Cat Island and San Salvador hotels this fiscal year.
'We’re 20 years late on corporate income tax, so we’re catching up' says expert
A TOP financial expert believes it is the time to have a discussion about corporate income taxes for companies in The Bahamas.
100 new police vehicles purchased to aid fight against crime
COMMISSIONER of Police Clayton Fernander revealed on Friday that a fleet of 100 new police vehicles, valued at $2m, was purchased to aid in the fight against crime within the country.
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.
PM: $160m project to give 300 full-time jobs
The Prime Minister yesterday unveiled the revival of the long-awaited Cat Island Partners project with a "scaled down" $160.45m investment that aims to create 150 Bahamian construction jobs and up to 300 permanent posts.
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.
IAN FERGUSON: Bahamian business must speed up technology use
Business digitisation, although an old topic, is essential to your company’s growth. Every firm's goal is to ultimately increase revenue, attract more new customers and retain existing ones. One of the best ways to leverage technology is to improve your existing infrastructure and automate processes such as e-mail marketing to better suit your target audience.
DPM: Tourism must 'lead way' on technology industry set-up
The Deputy Prime Minister yesterday said “tech tourism” must lead the creation of a Bahamian technology industry as the Government moves to give the Tourism Development Corporation (TDC) more authority.
DPM urges Atlantis: 'Put money where mouth is'
The Deputy Prime Minister yesterday invited Atlantis to “put their money where their mouths are" and team with the Tourism Development Corporation to help drive downtown Nassau's revival.
Bahamas treasure hunter eyeing Nassau museum
A Bahamas-based underwater explorer yesterday said it is "seriously considering" opening a Nassau museum to showcase artifacts recovered from what has been billed as “the most valuable shipwreck in the Western Hemisphere”.
Cruise port chief in 'ride the wave' call
Nassau Cruise Port's top executive yesterday urged downtown Nassau to "ride the wave" its $322.5m investment has created after a Cabinet minister voiced fears it could take "visitor traffic" away from other businesses.
NAD returns to $322m debt terms compliance
The Nassau Development Company (NAD) no longer requires a government "commitment" or waiver from its lenders after returning to full compliance with conditions governing its outstanding $322.313m debt at end-September 2022.
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.
