Estimated population for 2022 is about 400K

do the math

$2,500 for every man, woman and child.

most today have difficulty putting food on their table,

Maybe many of those businesses have gone under and are no longer operating. Yes they should have notified Inland revenue, but they may not have known so that's OK (at least it is per new MP's who haven't declared as they are meant to, so that should go across all aspects of life here).
Aside from the above at a guess we will never hear of any company or person being taken to court for these unpaid items, so i expect deals will be made. Unless of course that person happens to have annoyed someone in Govt and then it will be front page news.

Garnish wages. LOL. They can only do that for government workers and even that would be highly controversial and the party would lose the next election. Not going to happen.
As for ducking customs duty.... please let me know how that's possible because when I bring in a container I have to pay in full before it leaves the dock. Am I the only fool being asked to, and paying, beforehand?

Obviously you're not a member of the corrupt, privileged, and elitist political ruling class. If you were, you would never find yourself having to pay much in the way of duty on anything that you import from abroad.

So they are going to go after tax delinquents. Fine. Trust they also enforce the law against MPs who did not follow the law and file their disclosures.

That will never happen.

Many foreign home owwners either find it difficult to pay their property tax or deliberately never pay it and upon sale come to an agreement to pay a portion. So 10 or 15 or 20 years of lost revenue, lost interest and inflation reducing the value for the government.

How many sets of Bahamas governments are responsible for this state of affairs? I estimate 14.

How many irresponsible Bahamian citizens?

Why pay civil servants in these various agencies if they are incapable of collecting the taxes and fees and private collection agencies have to be paid to do their jobs, no doubt more nepotism. More than sickening......

No news taxes until that $1 billion of unpaid taxes is collected!!!

Perhaps corrupt Davis can vociferously beg and eventually persuade Communist Red China to pay all of the unpaid taxes as well as all of the paid taxes that were stolen.

Comrades, imagine the potential positive blackhole **if in time pre 50th Independence Day celebrations,** were to boot all foreign fast-food joints off The Colony, ― Yes?

WHEN a large sector of an economy is either failing to pay taxes and/or refusing to pay taxes or all of them, it is an indication that something is drastically wrong in that economy. FIRSTLY the tax system does blatantly discriminate against Bahamians, Bahamian businesses especially, in than most of the tax breaks and concessions are given to foreigners. And foreigners operate some of the most profitable and lucrative businesses in the country and if they are not able to pay taxes , imagine Bahamians. Take for example. A major resort vs a mom and pop shop. They both buy a can of soda for 75 cents. The mom and pop store sell the soda for $1.00 across the board. But the resort sells its soda in various formats ranging from $ 3.00 say on a lunch menu to $7 or $8 at a night club or for room service.
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Some businesses and persons are unable to pay all their taxes. When Vat was introduced in 2017, it was supposed to replace customs duties. But in its greediness, government chose to tax its Bahamian people both Customs duties and VAT that is also calculated inclusive of customs duties. So government is essentially collecting in excess of FIFTY PERCENT TAXES on most retail goods, even before they leave the port. Not only has this driven up the cost of living in The Bahamas, especially on the family islands but it has created critical challenges for retailers. FIRSTLY, through their own admission, customs barely collects 50 percent of the customs duties owing to it. This means there is widespread smuggling going on throughout the country. So the legitimate business operator, who is trying to pay his taxes, or most of it, must now compete with the smugglers, who may pay little or no taxes. So even though the legitimate business owner may be allowed to stay in business and operate, his profits or even profit potential is highly diluted.
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And another problem businesses face is because government has placed such a high leverage of taxation on imported goods, the cost of carrying inventory is so astronomical, many businesses can no longer see a profit. They have to contend with inventory shrinkage, damaged inventory and even obsolete inventory. And customs duties and vat has been paid on all these items.

One business owner was explaining his frustration. When he brings in new inventory, he cuts a check for several thousand dollars. Every 21 of the month he must remit his vat payments to go for several more thousand dollars. Then there is business licenses and national insurance aabd property taxes that all go to the government. And when the end of the year comes, the accountant says the business did not make a profit. So figure that. A business paying over $100, 000 a year in taxes but can’t realize a profit. And, according to him, some businesses have it even worse than him. Some businesses have to BORROW money to pay their vat returns. Obviously piling debt on top of debt. And for those businesses, it’s just a ma.

Simple law of Economics: keep taxes low and collect small amounts from many persons. Make taxes high and collect big amounts of taxes from less people.