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Projected BEC loss cut in half to $22m
The Bahamas Electricity Corporation’s (BEC) executive chairman has slashed its projected 2013 financial year loss by over 50 per cent to $22 million, adding that half its disconnected customers owed less than $2,000.
Sports in brief
THE Bahamas along with 210 countries around the world who are members of the International Tennis Federation will celebrate World Tennis Day on March 4.
Raptors win GSSSA junior track and field title
The dominance continues for the CH Reeves Raptors in the Government Secondary Schools Sports Association Junior School Track and Field Championships.
Attorney to take top aviation summit role
A Callenders & Company partner will play a prominent role at a major international aviation conference in Panama this April.
Speed Week slows down through Exuma reception
Bahamas Speed Week participants slowed down this week with a Monday excursion to Exuma’s Grand Isle Resort & Spa.
Bahamas waste eyes 20% rise in recycled supplies
By NEIL HARTNELL
A VAT we hate, but politicians love
Politicians love the cumbersome system we call Value-Added Tax (VAT) as much as businesspeople resent it. Governments prefer it to direct taxation because they hope voters will believe the tax rate is lower than it really is. Those in commerce regard it as another example of labor-draining government bureaucracy.
Costa Rica shows Bahamas way on nature preservation
A Bahamian environmentalist says Costa Rica has shown every country in the Caribbean that preserving natural beauty pays, appealing to visitors who treasure flora, fauna and natural wonders above t-shirts and trinkets.
Auto prices 'worse' if VAT levied at port
A leading auto dealer yesterday urged the Government to clarify whether it will levy its 7.5 per cent Value-Added Tax (VAT) at the border, warning that the tax burden will be “worse” than its initial model if it does.
Trade deficit narrows 9.7%
The Bahamas experienced a 9.7 per cent drop in its trade deficit to $2.554 billion in 2013, largely due to an almost-$300 million fall in its import bill.
Show us the jobs
Deputy Prime Minister Philip Davis is still apparently peeved over the United States Department of State’s report which said that most of the ambitious campaign promises of the current Progressive Liberal Party government have been unfulfilled.
Private sector unveils $304m new tax measures
The private sector’s Tax Coalition has submitted $304.427 million worth of new revenue-raising measures to the Government as part of its alternatives to Value-Added Tax (VAT).
Dentistry for children
February is being celebrated as National Children’s Dental Health month. During the month, dental communities focus on the special dental needs of children.
Charlton breaks national record, qualifies for the world indoors
Devynne Charlton couldn’t ask for a better start to her junior year at Purdue University.
GB airport value up six-fold via tourism rebound
A Grand Bahama “tourism turnaround” could produce a six-fold increase in the value of its international airport, which the Government’s consultants currently estimate is as low as $3 million.
Veteran forward Bennet Davis 2nd leading scorer in France
CONSTANTLY on the move, the latest stop on Bennet Davis’ pro basketball venture sees him continue his career in France for the second consecutive season
Critics ‘clouding’ new Fly Fish regulations
The Bahamas Fly Fishing Industry Association’s president yesterday accused critics of “clouding” the issues surrounding proposed regulatory reforms, arguing that the success of local fishing lodges hinged on the treatment of Bahamian guides.
PM praises Hawksbill Creek Committee
PRIME Minister Perry Christie has praised the Hawksbill Creek Review Committee for “an excellent job” and providing recommendations to aid his government in its deliberation and negotiations to stimulate Grand Bahama’s economy.
Freeport committee to report in 8 weeks
The Government-appointed six-member committee that will lead discussions on Freeport’s expiring investment incentives and long-term future is aiming to complete its report in eight weeks, its chairman yesterday admitting this was an “overly ambitious goal”.
Customs targets $15m ‘border VAT’ monthly
The Customs Department is forecast to collect an average $15 million per month in ‘border’ Value-Added Tax (VAT), a Cabinet Minister pledging the Government would not increase the 7.5 per cent rate “any time soon”.
