After 50 Years, we still see each other not as Bahamians but as FNM and PLP; even years after the campaigning, the country is still divided along party lines. One group benefits while the other suffers, which is an acceptable culture. Politicians take on the office of privilege and not service, alienating Bahamians from second to third-class citizens in their own country. In contrast, public servants play an evil game of bias and sabotage, profiting from every opportunity in a criminal life of compromise and disloyalty. Now, as we move to our 50th Year as an independent Bahamas, Bahamians are still merely subjects in the eyes of a new elite class of abusers who laugh as more and more Bahamians stand on the line of poverty.

Well maybe older people see themselves as PLP or FNM but not me. As a Gen Zer I say no more.

I done get sick and tired of both them with the current off and the water being brown when getting home from school. To much 5 year fiascos for me, I am done.

"*newly released analysis notes the proposed global minimum tax – which The Bahamas, along with 136 other jurisdictions, has agreed to implement – is now expected to result in annual global revenue gains of around $220 billion, up from the OECD’s previous estimate of $150 billion*" nassau guardian

So wherever your company is headquartered in the world, you will be subject to a minimum tax of 15% and those tax dollars will be sent back to your home country. This applies to companies making 750 million euros.

I wonder how this pans out. Does it currently affect us at all? Seems like a grab at the digital giants like google and Amazon. They mention that developing countries will gain the most in proportion to existing revenues, but that sounds like fancy talk, for you een making much now anyway so whatever we give you will seem like alot.

If companies are registered here because we're a low tax jurisdiction but this new law says they get taxed anyway what percentage of those companies will see no benefit in registering here after 2024 implementation? And if they leave our share of 15% minimum will be exactly $0 dollars no matter the fancy estimates. I hope someone did the analysis and we didnt just sign because THEY said it would be goestimates. But... we need to move from 100% dependency on taxes anyway.. not sure how we make the leap, not because we cant, but because we typically elect presentation over substance, they then do their darndest to block substance from moving forward and supplanting them, stiffling innovation

To help us we would need to pass a law stating any company that meets the global requirements would need to pay us 15%. The companies themselves won't care because if they don't pay it here they will have to pay it in their home countries on the profit made here. Example RBC currently takes all their profit to Canada and Canada will get the 15%. if we change the law we get it. Now of course by doing this you have opened the door for corporation tax and by doing that income tax.

Not sure if you get the spirit of the treaty. You mention it *might open the door to corporate tax*, this IS a corporate tax. There are some other elements being mixed up as well...

This is a GLOBAL treaty that we've **already** signed on to. It might be a stretch to believe that countries sign the treaty then create local laws to negate the treaty, is such a thing even possible? If it were possible, what black blue gray red list would we appear on next?

Also the objective is actually the **reverse** of what you suggest. I have no idea if RBC meets 750million in revenue threshold, if they do, it is **Canada** who would say even though you send "profits" back, you're not paying all of the taxes you should because you're in the Bahamas.

In addition RBC is **headquartered in Toronto**, so they're not hiding their headquarters in what could be considered a tax haven while making profits off of Canadians. They're physically here because they're physically offering a service. I dont think this treaty targets them.

The law is really meant to stop the bleeding of tax revenue lost to digital giants

I still have questions but I "believe" the intent is if the digital giant makes money selling to a Bahamain, the Bahamian govt would get a share of the 15% tax through some revenue sharing algorithm. Not sure....

on the corporation tax part i should have clarified that i meant they will keep lowering the $750 million threshold until all companies are paying it.
On RBC i assume they are over 750 million. If so currently the money they make here is combined with the money they make elsewhere and taxed in Canada. If we pass this then we would get the 15% rate and RBC can offset what they have to pay in Canada a bit with it. This way RBC pays the same as they always would, we however would get the 15% that we don't get now. Thats why they say it would be a benefit to the smaller nations. This is a tax that the company has to pay either here or in Canada, if we pass the law we get the tax here.

RBC doesnt fit the criteria. RBC is not a Bahamian company. We have no "right" to tax revenue as such. This law targets companies that have their headquarters in foreign domains so they can skip taxes in their home country. RBC is headquartered in Canada, Canada has no reason to say RBC is avoiding paying taxes

The income RBC makes in Bahamas can be taxed in Bahamas, their subsidiary is a Bahamian Company.

So everything is going to be ok, since the independence logo was revealed. These parties do not make everything ok. Work had to be done and hard decisions need to be made in order to try to place a.dent in the social ills and crime.

The country is overrun with Haitians, Asians, and Latinos, just to name a few living the Bahamian dream while our people suffer a lack of quality education, shortage of health care, unemployment, hunger, homelessness, mental illness, and devastating serious crime and the PM wants us to be proud??

Haitians, Asians, Latinos, and any number of foreigners have reason to be proud in the Bahamas but Bahamians are 3rd class citizens in our own country!

**How the hell can the PM expect Bahamians to be anything other than VERY ANGRY?!**

The one major problem we have is corruption. If any government seriously decides to deal with that then we are more than half the way home. We will have 100's of millions of dollar left over each year to get the country back on track OR to reduce the tax burden.

Which is odd because everyone was so affronted when the world pointed out our history of corruption. Joe Leader an ting

@ Sickened.....Both PLP and FNM Parliamentarians, Permanente Secretaries, and other top-level officials benefit from the 100's of millions of dollars in corruption.

This has been a routinely accepted norm from the UBP days, however, the PLP and FNM fine-tuned thievery to new heights and neither of them is EVER going to stop the stealing for country or countryman so get that out of your head!

There's only one solution to the problem and we all know what that is.