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Atlantis, Baha Mar urged to push for ‘fair VAT recovery’
A major accounting firm has urged Atlantis and Baha Mar, and major food stores, to approach the Government and work out “a fair recovery of Value-Added Tax costs” due to their split tax treatment.
$30m VAT redistribution shows tax’s ‘inefficiency’
A well-known businessman yesterday suggested that the Government’s plan to redistribute $30 million in Value-Added Tax (VAT) revenues to prevent it from increasing poverty levels exposed the “inefficiency” of its preferred tax reform option.
Key downtown site in $3m price slash
A nearly four-acre property that is key to revitalising downtown Nassau has seen its sales price drop to $12 million, a top realtor telling Tribune Business yesterday that potential buyers were still waiting to see what they can do with the property.
Sports in brief
AFTER exiting the gate a little bit slow last Monday night in City League Bowling competition, reigning national bowling champion Driskell Rolle of TK Falcons cranked it up a notch and went on to smash the ladies’ high game record of 288 held by the late Cheryl Thompson since 1993.
Bahamian memories of bid to free Mandela
FREEPORT – Grand Bahama resident Robert Grant - who in the late 1980s was part of a movement in the Bahamas that fought for the Nelson Mandela’ release from prison - expressed deep sadness at the death of the former South African president.
New Zealand's VAT success no guarantee for Bahamas
New Zealand’s success at fiscal reform does not necessarily mean its approach is the ‘best fit’ for the Bahamas, a co-chair of the private sector’s Tax Coalition has told Tribune Business.
Judo exhibition held
Under the patronage of the Minister of Youth, Sports and Culture Dr Daniel Johnson and the Bahamas Olympic Committee (BOC), a judo exhibition was held Saturday at the Carmichael Athletic Centre in Flamingo Gardens.
Star Class sailors in Grand Final
Three races, light conditions but very close competitions marked the second day at the Bahamas’ first Star Sailors League Finals.
Bahamas faces recession if consumer 'can't absorb' VAT
The Bahamas will fall back into economic recession if consumers are unable to absorb Value-Added Tax’s (VAT) inflationary impact, a co-chair for the private sector’s Tax Coalition warned yesterday.
GBOB Champions prepare for Thailand
AVANTE GUARDEN walked away from last year’s Global Battle of the Bands heart broken and disappointed after not advancing to the third round. This time the rock band redeemed themselves with lively performances that won the judges and audiences members over. They are now the “Best Band in the Bahamas”.
St George's junior councillors take their oath of office
FREEPORT – Nine students from St George’s High School took their oath of office as local government junior councillors.
SWIFT wins eight medals at the Plantation Winter Swim Championships
SWIFT swimming is becoming a regular name at the Plantation Winter Swimming Championships as it continues to make its presence known.
Former death row inmate seeks attorney assistance
FORMER death row inmate and murder convict Maxo Tido requested the Court of Appeal’s assistance yesterday in getting an attorney to aid him in challenging his 52-year sentence for the killing 16-year-old Donnell Connover.
Domestic aviation VAT is branded 'suicide'
FAMILY Island resort/hotel operators yesterday expressed serious concern that a 15 per cent Value-Added Tax (VAT) on domestic aviation would increase access costs and drive away visitors, one describing the move as “suicide”.
Teachers hold strike vote
TEACHERS in New Providence will decide today if they will go on strike to protest the government’s failure to address their concerns, Bahamas Union of Teachers (BUT) President Belinda Wilson said yesterday.
Star Sailors to honour Sir Durward 'Sea Wolf' Knowles
THE Star Sailors League is all set to host its first ever Grand Final here in the Bahamas, which gives the country an opportunity to once again pay homage to Sir Durward Knowles.
Teachers taking action 'could be jailed'
THE Department of Labour yesterday warned teachers that they could be fined and jailed if they make any movement towards industrial action while union trade disputes are before the Industrial Tribunal.
Coalition chair slams 'absolutely ridiculous' VAT analysis deadline
The Tax Coalition’s co-chair yesterday blasted as “absolutely ridiculous” the three-four week timeframe it has been given to analyse the Government’s own Value-Added Tax (VAT) modelling, suggesting this showed it was not serious about consulting the private sector on tax reform.
Save the Bays group raises concerns over Abaco project
A GROWING environmentalist group is raising the alarm over what they call “yet another irresponsible construction project” in the Family Islands.