• Email to friend
  • The Nassau Guardian Facebook Page
  • RSS Feed
  • Pinterest

Banner

Partly Cloudy
Weather
Partly Cloudy
Max: 87°F  | Min: 81°F
 

Business

 
Doctors Hospital: Health costs will ‘definitely’ go up under VAT
The head of the country’s major private healthcare provider has argued that healthcare costs will leap under VAT, criticizing the government’s decision to “discriminate” against the private sector by making public healthcare VAT exempt. Ba...
 
 
VAT’s insurance impact to ‘be placed at feet of government’
The consequences of non-insurance and underinsurance that many in the insurance industry believe will result from adding value-added tax to premiums “will ultimately be placed at the feet of the government”, a leading sector stakeholder has argue...
 
 
Legal panel rejects notion of sector ‘cartel’
Members of the Bahamas Bar Association (BBA) have categorically rejected the notion that it operates as a “cartel", while calling for improved educational exchanges with foreign specialists in emerging legal fields. In his remarks at a recent BBA ...
 
 
Canada: Room for trade talks progress ‘exhausted’
The Canadian government expressed “disappointment” that a solution had not yet been reached with CARICOM members over an expired trade agreement and warned that “all avenues to further progress have been exhausted”. The Canadian Department o...
 
 
Scotland looks to share energy ‘breakthrough’ with Bahamas
Having achieved what it is calling a “huge breakthrough” in turning its far-flung islands into self-sufficient energy, water and food generators, the government of Scotland’s economic development arm is seeking to partner with The Bahamas and o...
 
 
Sandals donates to Ranfurly Home for Children
The kitchen is the ‘heart of the home’ for the kids of the The Ranfurly Home for Children, and soon they will have a refurbished one, thanks to a $20,000 donation from the Sandals Foundation. Ranfurly Home President Alexandra Maillis-Lynch said ...
 
 
Aviation lawyer: Bahamas should ‘Get out in front’ in drone legislation
Two recent close calls between unmanned aerial vehicles and passenger aircraft on the same day – one incident on the approach into New York’s busy LaGuardia airport, the other in California – drew international attention to the increasingly pre...
 
 
Rodgers: Refuse VAT ‘until web shops and banks pay’
A local author on the Bahamian economy has outrightly condemned a provision in last week’s tabled value-added tax (VAT) legislation that exempted gambling from the controversial tax, urging Bahamians to “refuse to accept and comply with VAT” un...
 
 
BTVI spearheads gas training in Abaco
With 90 percent of people in the propane business not having adequate formal training, according to leading natural and propane gas trainer Stephen C. Nook, The Bahamas Technical and Vocational Institute (BTVI) has joined forces with the Ministry of ...
 
 
VAT a mess!
Rumor has it that when the infamous Jessie James was asked, "Why do you rob banks?" his response was, "Because that is where the money is". When I was reviewing the list of entities that will be exempt from VAT and saw that the two largest and most p...
 
 
Bar president: ‘Disrespectful’ lack of VAT consultation
“Double taxation” of property transactions, lawyers going out of business over unpaid debts on which they will have to pay tax, and a lack of proper consultation with the government, are among the primary concerns of leading attorneys who have co...
 
 
New Bill creates stiffer fines for VAT breaches
The government has significantly stiffened financial penalties associated with non-compliance with value-added tax (VAT), increasing the fine associated with contraventions of the law ranging from the most minor to the most serious by between 100 and...
 
 
Airline: VAT ‘creating crisis upon a crisis’
The president of a Bahamian airline has decried the likely “serious” impact of value-added tax (VAT) on the local airline industry, claiming that the government was “creating a crisis on top of a crisis” through rising costs of doing business...
 
 
Privy Council: ‘No perversity of fact’ in court’s Bimini decision
The Privy Council has provided its reasoning behind its decision to reject the appeal of the Bimini Blue Coalition (BBC) against lifting an injunction against Resorts World Bimini (RWB), holding that there was, “no error of law or perversity of fac...
 
 
Trade expert: Call centers not a Bahamas ‘advantage’
An expert in international service trade policy has revised her initial outlook on Bahamian involvement in Global Value Chain (GVC) services after conducting research in The Bahamas, arguing that the country was “not going to be competitive” in l...
 
 
BOB to graduates: ‘Start saving today’
High school graduates obtained valuable advice on how to manage their present and future finances. That bit of advice came from Kevin Hanna, manager of the Treasury Department at Bank of The Bahamas Limited during a recent seminar. Speaking on the t...
 
 
Chamber: Simplified VAT ‘very smart’
The government has been applauded for being “very smart” in its decision to simplify the administration of value-added tax (VAT) for businesses in newly-tabled legislation, having eased filing and accounting requirements and the level of exempt...
 
 
KPMG: Energy company ‘not shortlisted’ in RFP
Stellar Waste to Energy Bahamas were told last year that their proposal was not approved to progress to the second phase of the energy reform process, KPMG (Bahamas) has confirmed. Following a detailed review of the company’s proposal by the gov...
 
 
‘Big fall out’ for automotive sector with no duty drop
The automotive industry is likely to experience a “big fall out” with the introduction of value-added tax (VAT), one of its major players has argued. The statement came after the government decided to leave vehicles off the small list of imported...
 
 
Grocers ‘relieved’ at food item exemption reversal
A major shift by the government to no longer exempt any food items in newly-tabled value-added tax legislation was welcomed by the head of the Retail Grocers Association (RGA), who expressed his pleasure that the government had “seen the wisdom” ...
 
 
«StartPrev12345678910NextEnd»
Page 1 of 45
Banner

Latest Tweets

  • http://www.ansbacher.bs
  • http://www.walkinclinicbahamas.com
  • http://www.cfal.com
  • http://www.colinageneral.com
  • http://www.Colina.com
Banner