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Island's 'all-time low' via 30 per cent aviation slump
Long Island yesterday became the second Bahamian island to declare private aviation visits were at “an all-time low”, with Stella Maris’s fixed-based operation (FBO) owner revealing fuel sales had slumped to their worst level since he acquired the business 15 years ago.
Ministry adviser slams 'ridiculous' Institute VAT study
A leading Ministry of Finance consultant yesterday blasted the Nassau Institute’s Value-Added Tax (VAT) study as “one of the most extreme, ridiculous and exaggerated” reports he had ever seen.
'What's point of WTO if still uncompetitive?'
A Tax Coalition co-chair has questioned the rationale for the Bahamas becoming a full World Trade Organisation (WTO) member, given that it cannot compete with lower cost Caribbean rivals.
'Most revolutionary' impact in BEC reform
The proposed Bahamas Electricity Corporation (BEC) and wider energy sector reforms can have “the most revolutionary” impact on the economy, a Tax Coalition co-chair believes, offsetting the impact of Value-Added Tax (VAT) or any alternative.
QC urges 19% top earners income tax
A well-known QC yesterday urged the Bahamas to implement a 17-19 per cent income tax on persons earning over $50,000-$75,000 annually, arguing that fears of widespread evasion were overblown.
Expert diver issues call for more national parks
EXPERT commercial diver and spear-fisherman David Rose believes that more national parks and protected areas for marine resources in Grand Bahama are needed to replenish the dwindling stock.
PLP chairman hails achievements in three years of government
PLP chairman Bradley Roberts congratulated the government for the “measurable strides” the country has made during the three years of the Christie administration.
BOB debtors revealed as Senate president denies law firm hired by govt
SENATE President Sharon Wilson yesterday “categorically” denied that her law firm was employed by the government as registration documents revealing the identities of the 13 ‘bad’ borrowers who sank the Bank of the Bahamas (BOB) and caused its $100m taxpayer “bail out” emerged.
Climate change exacerbates Bahamas’ major challenges
CLIMATE change is exacerbating the Bahamas’ challenges with food security, water scarcity and energy security, the Prime Minister said yesterday, over an issue that threatens this nation’s land mass.
More than 4,000 residents now using Social Services debit card
MORE than 4,000 residents of New Providence are now part of the Department of Social Services’ modernised food assistance programme.
Gov’t ‘puts cart before NHI horse’
The Government was yesterday accused of “putting the cart before the horse” on National Health Insurance (NHI) by telling the Bahamian people they would be taxed without knowing the total cost imposed on them.
McCartney: I don't trust the govt with implementing VAT
DNA Leader Branville McCartney criticised the government over recent hotel job losses and said that the PLP’s promised “grandiose employment strategy” has “failed to come to fruition”. Mr McCartney said yesterday that the “highly touted” job creation promised by the Progressive Liberal Party during its campaign ahead of the 2012 general election has turned out to be “nothing more than another empty campaign promise”.
BEC customers will pay full 7.5% on bills
DESPITE a promise that the Bahamas Electricity Corporation will “absorb” some of the value added tax cost, BEC Executive Chairman Leslie Miller said yesterday it has been decided that customers will pay the full 7.5 per cent.
Choosing the correct toothbrush
ONE of the most confusing moments at the drugstore comes when deciding which toothbrush to buy. Really? It is not that hard. The correct one is always “soft”.
Christie remains optimistic over new tax
PRIME Minister Perry Christie yesterday remained confidently optimistic about government’s implementation of the Value Added Tax (VAT), which came into effect yesterday.
Super Value to collect $20-$25m VAT for Gov’t
Super Value’s owner yesterday said he expects to collect $20-$25 million in Value-Added Tax (VAT) for the Government this year, while warning that much more consumer education is required.
Miller: Full amount of VAT will not go on BEC bills
BAHAMAS Electricity Corporation customers will not have to pay the full 7.5 per cent value added tax on their light bills, according to BEC Executive Chairman Leslie Miller.
Bleeding gums
Do you get bleeding from your gums? Does it happen occasionally? Does it happen daily? Does it happen with pain?
Tourism sector showed ‘signs of softness’ in early 2016 says Central Bank
THE Bahamas’s tourism sector showed “signs of softness” over the first quarter of 2016 the Central Bank has revealed, with total room revenue falling approximately five per cent over the previous year.
Sandals: Under 2/3 of workers reapply
Renovations at Sandals Royal Bahamian are ‘on track’ to be completed in time for its planned mid-October reopening, the resort’s project manger said yesterday, adding that the daily construction workforce would peak at 200 persons.
