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IDB study shows VAT 'positive' for jobs, growth
An Inter-American Development Bank (IDB) study has shown that Value-Added Tax (VAT) will have a “positive” impact on the Bahamian economy’s growth and employment prospects in the medium-term, a senior official said last night.
'UWC Triathlon Bahamas' set for Clifton Heritage Park November 3
OVER 40 years of community service to Bahamian students for one leading international non-governmental organisation will be celebrated simultaneously with their signature fundraising effort of the year.
Missing property taxes over $1/2bn
Almost $95 million in real property taxes went uncollected during the 2010-2011 fiscal year, taking the total sum outstanding to what the Auditor-General described as an “exorbitant” $541.886 million.
Karl McCartney back in CFL action after injury
After seven games on the sideline due to injury, Karl McCartney was finally able to return to the field for the Calgary Stampeders last weekend.
$8m Royal Towers upgrades near end
Atlantis is close to completing the $8 million renovations in the Royal Towers, which employed more than 100 Bahamians via the hiring of local contractors.
Atlantis completing renovations on Royal Towers
ATLANTIS is close to completing renovations in its most iconic hotel – the Royal Towers – and officials at the mega-resort property couldn’t be happier with the upgrades, which have added more sophistication to the rooms and interior spaces.
Legal threat to $5m benchmark pref equity
Liquidators for an alleged multi-million dollar ‘Ponzi’ fraud are threatening legal action to force a BISX-listed company to unwind, and return, a $5 million investment that accounts for 100 per cent of its preference share capital.
Troubled broker in Judicial review against regulator
A BISX-listed firm’s broker/dealer subsidiary has filed a Judicial Review action against the Securities Commission of the Bahamas, over the regulator’s demand that it cease taking on new business and submit to a “solvency review”.
Home-based education for Family Island pupils
HOME-based programmes are being implemented in Family Islands where children do not have access to early childhood education.
TOUGH CALL: Bermuda and the Bahamas
HAMILTON, Bermuda – Over a mug of Gosling’s rum in the Rosedon Hotel’s tea room here recently, the conversation turned to race relations.
Non stop party as 100 Jamz celebrates 20 years
CALL IT a party or an anniversary, either way, the talk of the town as the holiday weekend approaches is 100 Jamz and its 20th anniversary.
'Rassin Foundation' to raise money for medical scholarships
Hundreds of young Bahamians have realized their dreams of becoming healthcare professionals thanks to the financial support provided by the Doctors Hospital Dr Meyer Rassin Foundation.
What you should know about BI-RADS
By Dr Amaresh Hombal
Gambling referendum to cost $5m
ABSOLUTE scandal! Obviously, National Security Minister Dr Bernard Nottage did not realise the Pandora’s box he opened this weekend with the announcement that the January 28 gambling referendum has cost the Bahamian tax payer about $5 million, especially as Prime Minister Christie — who is also Finance Minister — had some weeks earlier estimated a cost in the region of $1 million plus.
Gov't targeting 75-90% VAT comply 'high range'
The Government is expecting to achieve Value-Added Tax (VAT) compliance rates in the 75-90 per cent “high range” enjoyed by other Caribbean nations, a senior Ministry of Finance official has revealed.
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.
Sports in brief
SWIFT Swimming Club is all set to host its first Open Water Swim Race of the new swim season at Palm Cay on September 28.
Miami Heat to hold training camp at Atlantis
You’ve seen them on television as they repeated as the National Basketball Association (NBA) champions in June.
Sports in brief
THE Pressure Hot Batters defeated the Police Crime Stoppers 11-9 in seven innings on Saturday night to take a 2-0 lead in their Exuma Softball Association’s best-of-seven championship series. The Hot Ballers won game one 6-5 on Thursday.
