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Labour ‘limits employer tricks’

A top official yesterday said the Department of Labour had “significantly limited the tricks” used by employers to deny Bahamians jobs in preference to foreigners, slamming some tourism and financial services work permit applications as “ridiculous”.

Gov't developing 'virtual warehouses' for VAT transition

The Government is developing a ‘virtual bonded warehouse’ concept to ease the Value-Added Tax (VAT) transition for businesses with large physical goods inventories, with private sector leaders yesterday urging “some give and take” from both sides.

VAT revisions prevent group tourist 'erosion'

The Bahamian hotel industry has avoided “a significant erosion” of its group visitor base after the Government adopted the sector’s preferred VAT treatment of pre-bookings, Tribune Business was told yesterday.

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COB union concern over BAMSI branded 'irrational and irresponsible'

EDUCATION Minister Jerome Fitzgerald yesterday called recent statements from the Union of Tertiary Educators of the Bahamas (UTEB) “irrational and irresponsible” after the union called the relationship between the Bahamas Agricultural and Marine Sciences Institute (BAMSI) and the College of the Bahamas (COB) a “charade.”

Pre-existing contract confusion sparks VAT 'inclusive price' call

A Tax Coalition co-chair last night said the confusion over whether vendors would have to pay Value-Added Tax (VAT) on pre-existing contracts if clients refused was one reason why the private sector wanted to go back to ‘exclusive pricing’ for the tax.

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Staff could face pay cuts, be fired - and also risk jail

THE Supreme Court yesterday issued an injunction on behalf of the government ordering members of the Bahamas Nurses Union, the Bahamas Customs and Immigration Allied Workers Union and the Bahamas Educators Managerial Union to abandon their national strike and return to work “forthwith” or risk being in contempt of court.

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Anthonique Strachan fourth in 200, Chris Brown and Americas 4 x 400 relay third

ANTHONIQUE Strachan raced to a fourth place finish in the women’s 200 metres, while Chris ‘the Fireman’ Brown and the men’s 4 x 400 metre relay team had to settle for third place as the Americas team relinquished their title to Europe as the 12th IAAF Continental Cup came to a close on Sunday.

US attempts to seize Bahamian duo's $1.4m

US authorities are attempting to seize $1.4 million belonging to a brokerage firm run by two indicted Bahamians, alleging that bank activity was “consistent with the layering of criminal proceeds”.

PM brands 190 Crystal Palace lay-offs 'unfair'

Prime Minister Perry Christie yesterday blasted last week’s terminations of 190 Crystal Palace workers as “unfair”, and said the Government needed to give hotel staff greater protection in Heads of Agreements negotiated with foreign developers.

‘Bigger picture’ stops Baha Mar breach action

The hotel union has not filed a trade dispute against Baha Mar, despite the recent 190 Crystal Palace lay-offs seemingly breaching their industrial agreement, because it is focused on “the bigger picture” of getting those workers reemployed by the resort owner.

Hotel union’s strike vote ‘green light’

Hotel union executives last night said a Supreme Court justice had effectively cleared the way for it to take a strike vote tomorrow over its gratuity dispute with the Melia Nassau Beach Resort.

No ‘concessionary’ 5% VAT room rate for GB

The Bahamian hotel and tourism industry has failed to maintain Grand Bahama’s concessionary 5 per cent room rate post-Value Added Tax (VAT) implementation, as it “continues to work” on other concerns.

VAT implement delay a 'double edged sword'

Delaying Value-Added Tax’s (VAT) implementation beyond January 1 was yesterday branded “a double-edged sword”, with the Tax Coalition’s co-chairs calling on the private sector to treat this possibility as “a blessing not an expectation”.

Contract absence exposes resort workers to VAT

Hotel workers are exposed to a Value-Added Tax (VAT) -induced cost of living increase without any prospect of a base salary rise until 2016 at the earliest, a former union presidential contender charged yesterday.

Why are the Constitutional Bills being delayed?

PRIME Minister Christie, who in 2002 successfully led his party to defeat the FNM’s referendum that would have given equality to Bahamian women, boasted at the time that Prime Minister Hubert Ingraham could not get such a referendum through, but he – Perry Christie — could and would.

'Double' $25bn output boost from energy reform pipeline

Using gas piped from Florida as the Bahamas Electricity Corporation’s (BEC) primary fuel source would boost the increased economic output from energy reform by 150 per cent, amid renewed calls for this to be the Government’s “number one priority”.

The Prime Minister dreams of a bright future

SPEAKING to reporters at the opening of Bahamas Agricultural and Industrial Corporation’s executive offices last Thursday, Prime Minister Christie exuded confidence in a buoyant economic future for these islands.

Bahamas facing ‘dark place’ without reform

The Bahamas will find itself “in a dark place” unless it rapidly reinvents how it conducts business, a well-known businessman yesterday urging it to “open up” for greater short-term growth.

EDITORIAL: Let's fire Moody's for telling govt the truth!

“FIRE Moody’s if The Bahamas is given a downgrade for poor performance,” suggested former State Finance Minister James Smith on learning that Moody’s was threatening to downgrade this country’s credit rating within the next two months.

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A COMIC'S VIEW: Diplomacy lost between right thing to do and bad idea

In life, something can be both the right thing to do and a bad idea at the same time.