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‘Highly probable’ most of $900m tax debts seized
The Ministry of Finance’s top official yesterday said the Large Taxpayer Unit is “just the start” of major reforms as he revealed it is “highly probable” much of $900m in past due taxes will be collected.
Bank fee moans? It’s your ‘own damn fault’
The Central Bank’s top inspector yesterday said he had little sympathy for those complaining about bank fees since it was their “own damn fault if they are too lazy to switch” to online banking.
Bishop Laish Boyd concerned about election victory margins, turnout
BISHOP Laish Boyd has voiced concern regarding margins of victory and a lower-than-normal voter turnout in the September general election, saying such margins may encourage a government to be less than fair and less than evenhanded.
WORLD VIEW: Rethink full membership of CARICOM to make it effective
Almost 80 years ago, Jamaica’s Norman Manley asked a question that has been echoing throughout the 12 independent English-Speaking Caribbean countries that form the Caribbean Community (CARICOM).
AG: ‘False parallel’ over web shop tax EU fears
The attorney general yesterday slammed as a “false parallel” suggestions that the web shop industry’s tax hikes will violate the European Union’s (EU) anti-tax evasion demands.
INSIGHT: The Abaco tragedy tells us it’s time for the gloves to come off
TRAGEDY struck as a vessel carrying more than 80 Haitian immigrants attempting to illegally enter The Bahamas shipwrecked in waters off Abaco. With the death toll up to 31 and only 18 of the migrants on this journey reported rescued, the number of fatalities seems certain to increase as search and rescue efforts continue for another 34 passengers still missing.
NP real estate sales value off 45 per cent during Q3
The total value of New Providence real estate sales on the Bahamas Multiple Listing System (BMLS) dropped 45 per cent quarter-over-quarter in the three months to end-September, the industry yesterday unveiling its initiative to boost “market transparency” and real time data access.
Bahamas needs extra 200 air traffic controllers
AN extra 150-200 air traffic controllers are needed to provide proper air traffic service throughout The Bahamas, their union head yesterday expressing concern over whether there would be sufficient manpower to deal with the increased flights generated by Baha Mar.
Gov't eyes $138m spending slash
The Government is moving to cut recurrent spending projections by 5.6 per cent for the current fiscal year to compensate for a $120 million drop in revenues, with a Wall Street analyst yesterday saying execution would be “key” if it was to hit is deficit/debt reduction targets.
Oil explorer to boost Freeport's 'little gem'
The Bahamas Petroleum Company (BPC) is planning to use Grand Bahama’s industrial and logistics abilities to support its oil exploration activities, its chief executive describing the island as an “under-utilised little gem”.
Food retailers fear 12% VAT cost rises
Bahamian food retailers fear the Government’s Value-Added Tax (VAT) legislation will have a “profound impact” and result in job losses, increasing their cost base by up to 12 per cent.
Pension providers enjoy ‘significant’ 100% inquiry rise
Pension plan administrators yesterday said they had seen a 100 per cent increase in employer inquiries over the past 12 months, describing the surge as “significant” given existing low participation levels.
Tony Bennett and Lady Gaga, Cheek to Cheek
WHAT happens when you pair a musical legend like Tony Bennett with the flamboyant talent of Lady Gaga? A concert that is pure magic.
Country’s first dengue death confirmed to be nine-year-old boy
HEALTH officials confirmed the country’s first dengue fever death since the virus’ re-emergence this year - a nine-year-old boy who died after showing symptoms of the disease.
Deyton Albury and Paul Greene help Chipola move up in NJCAA rankings
DEYTON Albury and Paul Greene continue to lead Chipola’s ascent up the national rankings while Emmanuel Alexandre and Colin Storr’s production continue to lead the group of Bahamians at Northeast Community College.
Kings' moves indicate uncertainty over buddy's role going forward
THE Sacramento Kings front office continues to make transactions that indicate uncertainty about Buddy Hield’s role with the organisation moving forward.The Kings signed restricted free agent guard Zach LaVine to a four-year $78 million offer sheet,
GB Power: $28m damage from Joaquin-type storm
A Joaquin-style hurricane would likely impose $28 million worth of repair costs on Grand Bahama Power Company (GBPC), with its top executive defending the ‘storm insurance’ charge it plans to levy on customer bills.
Bonded warehouses 'good business all around', say dealers
Auto dealers believe it will be “good business all around” if recent Customs visits mark the first step towards being able to establish bonded warehouses at their properties.Fred Albury, the Bahamas Motor Dealers Association’s (BMDA) president, said
BPL ‘stranglehold’: Business battles up to 100% bill rises
Soaring Bahamas Power & Light (BPL) bills were yesterday said to be imposing “a stranglehold” on commerce with multiple businesses struggling to survive up to 100 percent year-over-year increases in their energy costs.
‘No complaints’ on 72% profits decline
Bahamas First’s chief executive was yesterday “not complaining at all” despite a 72 per cent fall in total comprehensive income for 2016, driven by a one-third increase in net claims stemming from Hurricane Matthew.
