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Web shops urged to withhold due taxes

Web shops were yesterday urged to withhold all revenues currently due to the government, amid claims planned tax hikes were intended to wipe them out in favour of a national lottery.Philip Galanis, the former MP and senator, told Tribune Business he

Warriors are NBA champions

BOSTON (AP) — The Golden State Warriors are NBA champions once again, topping the Boston Celtics 103-90 last night for their fourth title in the last eight seasons.

Top pitchers and batting champions take the spotlight

SIGMA Wildcats’ infielder Jeanette Hilton and Sting Truckers’ outfielder Lamar Watkins are the New Providence Softball Association’s 2014 ladies and men’s batting champions respectively.

Gov’t gains $96m in tax cheat crackdown

The Government netted almost $96 million in the first six months of its crackdown on corporate and high net worth tax cheats, it has been revealed.

Investments Minister: Bahamas ‘in a mess by many measures’

A Cabinet Minister yesterday conceded that the Bahamas was “in a mess by many measures”, and warned that painful “radical surgery” was necessary to haul both the economy and society back on the right path.

New national champions

The Grand Bahama Shipyard Cruisers knew that the New Providence Commonwealth Bank Giants would make the necessary adjustments for the championship game. But they felt they still had a team capable of winning the Bahamas Basketball Federation’s Bunny Levarity men’s national title.

Hardaway and Tigers top DeMarco and Bahamas 87-77

COACH Penny Hardaway knew his University of Memphis Tigers men’s basketball team would finally get the competitive game they got from the Bahamas men’s national basketball team.

VAT rate rise 'criminal' if no compliance

A former Bahamas Chamber of Commerce president yesterday it was “criminal” for the Government to already be talking about increasing the 7.5 per cent Value-Added Tax (VAT) rate prior to getting the existing tax system’s compliance levels to 80 per cent.

Web shop gains 'stay' on closure

The only web shop operator to be denied a licence has obtained a stay of the Supreme Court decision that effectively paved the way for its closure two weeks ago.

Canadian government issues travel warning for the Bahamas

THE Canadian government has again warned its citizens to exercise a “high degree of caution” when travelling to The Bahamas to avoid falling prey to this country’s “high rates of crime.”

POLICE OPERATIONS HAILED AS SUCCESS

POLICE OPERATIONS HAILED AS SUCCESS THREE major police operations launched by the Central Division are being hailed as a success following a number of arrests and citations. Newly appointed commander of the division, Supt Stephen Dean, said his officers

Shavaul Butters makes NCAA Division I debut

SHAVAUL Butters made his long awaited NCAA Division I basketball debut with the Texas Rio Grande Valley after injuries derailed the start of his collegiate career.

Two men and a dog saved from cripple sailboat

TWO elderly men and their dog who set sail for Grand Bahama were rescued after their crippled sailboat went adrift for seven days then ran aground on a Florida beach.

Cutting 1,000 companies to maximise VAT revenues

A top accountant yesterday backed the Government’s plans to slash mandatory Value-Added Tax (VAT) registrants by 1,000 firms, telling Tribune Business this would help to “maximize” revenues from the new tax.

GB power officially opnes its $80M generation plant

The Grand Bahama Power Company (GBPC) has officially opened its $80 million West Sunrise Plant (WSP).

Bahamian banks in correspondent hit

Bahamian financial institutions are facing “heightened due diligence” from their correspondent banks, with some revealing this has negatively impacted their operations in areas such as remittance services.

Lewis: $9m received so far

MINISTER of Disaster Preparedness Iram Lewis said yesterday the government has received some $9 million in donations since the passing of Hurricane Dorian.

Another 113 Haitians flown back home

MORE than 100 convicted Haitian migrants were repatriated to Port-au-Prince yesterday under a deportation order, according to immigration officials.

Attorney urges Further reform of 'all or nothing' insolvency laws

The Government was yesterday urged to further reform the Bahamas’ “all or nothing” insolvency laws, a leading commercial attorney yesterday describing them as “archaic” and needing to become more “humane”.

Irma hits 80% of Bahamas’ marina market

Bahamian marinas are concerned that Hurricane Irma’s strike on Florida could impact 80 per cent of their market, although most reported no storm-related damage themselves.

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