This corporate income is the minimum 15% global corporate tax that was proposed by the Biden administration.This was championed by Biden's treasury secretary Janet Yellen. This was his attempt to stop the circumvention of US tax laws by american corporations.The OECD jumped on board with idea from the get go.
The Minnis administration signed on to it at a conference before they left office.The Nassau Guardian pointed that out in an editorial last year.Bahamians were unaware of that, That is how this country operates.Politicians go aboard and sign all kind of agreements,They commit this country to do all manner of things. Then they return home and do not inform the Bahamian people.
In terms of tax systems and tax administration,the Bahamas is way behind. A white bahamian who now lives aboard in Canada said this.The main aspect of the current Bahamian tax system is from the nineteen century.
Dr.Sands is not a credible person to speak on this matter. He only spoke pointedly on the appointment of Mr.Greenslade and he has kept mum on other appointments/ He has blood on his hands from his action as Minister of Health.This PLP like the Hubert Minnis's FNM is the flip side of the same varnished coin. People in the know spoke about the many dubious appointments in the civil service under the Minnis adminisrtation.
You need a massive education campaign in this country. That idea was suggested by the Tribune columnist who writes under the pen name Simon. bahamians have to be taught how not to litter and clean up after themselves. Something they should have been taught in their homes.
Oh the irony. This is the same person who had no problem erecting billboards broadcasting the high levels of murder under the FNM. The shoe is now on the other foot,
It is getting worse on the island of New Providence which most Bahamians call Nassau.By extension, it getting worse in the rest of the Bahamas.Seventy four percent of the population lies bundled up on an eighty mile island.An island that has for the most part not been properly planned.
Whole settlements have withered away and died in the family islands. I saw that when I visited a family island , a few years ago. The settlement, my great grandmother came from ,died off. The Bahamian people through their political ,religious and civic leaders have no real vision to develop this country. An englishman who is married to a Bahamian lady scoff and laugh at how this country has developed.He said to the class,my relative was in,the Bahamas reminds him of a heavily centralized communist country. All decisions are made in Nassau for the entire country.That is why there is no real interest to decentralize the structure of this country.
The seeds of the violent crime problem and traffic congestion were planted in the seventies. These situations have gotten progressively worse over the years.The transhipment of illegal drugs through the Bahamas is a major contributor to the current state of affairs.The traffickers also had their arsenal of weapons to protect their cargoes.
As for representative democracy,the Bahamas is way less democratic than the United States. Canada,the UK and most of western Europe. All of those countries have layers of highly effective state and local governments. Bahamians only vote based on hate and emotions.They have no real understanding of how governments should work.The average Bahamian has no say how this country is governed after they vote.Both major political parties,The PLP and FNM oppose a real system of local government.They fear that it's introduction will reduce their power.
The Bahamas has a lot of very hard working Haitian migrants, Quite a number of situations have brought that to my attention.Without their labour, certain segments of the Bahamian economy would collapse.Congratulations and best of luck to the young gentleman.
@DawesThere is no property tax that is levied on Bahamian owed land in the family islands.The problem this country has is there is no land registry and many times ,the sale of land is not recorded. It was recommended from 1963,that land registry be set up. The last iIngraham administration drafted laws to address this situation. Both administration since then,has not touched it. This current situation is a boon for lawyers. They make plenty plenty money of it.
@This is Ours. of course, you did not mention the high level of tax avoidance and evasion. Over 700 million owed in unpaid property taxes as of 2021. Those problems go back to the era of the late Sir Lynden Pindling. Now the chickens are coming home to roost,
A founding father of the Free National Movement and it's first party chairman. Bahamian history is not really taught in the schools here. When persons like Dr. Donaldson dies, history dies with them. He should have written his memoirs. He knew some interesting things about the inner workings of the PLP in 1966. He had a very interesting conversation with Clement Maynard when they were both working at PMH.
My mother thought highly of him and his brothers as doctors. He was for a time her physician. Rest in peace
BONEFISH says...
This corporate income is the minimum 15% global corporate tax that was proposed by the Biden administration.This was championed by Biden's treasury secretary Janet Yellen. This was his attempt to stop the circumvention of US tax laws by american corporations.The OECD jumped on board with idea from the get go.
The Minnis administration signed on to it at a conference before they left office.The Nassau Guardian pointed that out in an editorial last year.Bahamians were unaware of that, That is how this country operates.Politicians go aboard and sign all kind of agreements,They commit this country to do all manner of things. Then they return home and do not inform the Bahamian people.
In terms of tax systems and tax administration,the Bahamas is way behind. A white bahamian who now lives aboard in Canada said this.The main aspect of the current Bahamian tax system is from the nineteen century.
On Gov’t eyes $140m ‘accrual’ over corporate income tax
Posted 22 February 2024, 7:03 p.m. Suggest removal
BONEFISH says...
Dr.Sands is not a credible person to speak on this matter. He only spoke pointedly on the appointment of Mr.Greenslade and he has kept mum on other appointments/ He has blood on his hands from his action as Minister of Health.This PLP like the Hubert Minnis's FNM is the flip side of the same varnished coin. People in the know spoke about the many dubious appointments in the civil service under the Minnis adminisrtation.
On Sands blasts Greenslade’s Immigration appointment
Posted 16 February 2024, 6:49 p.m. Suggest removal
BONEFISH says...
You need a massive education campaign in this country. That idea was suggested by the Tribune columnist who writes under the pen name Simon. bahamians have to be taught how not to litter and clean up after themselves. Something they should have been taught in their homes.
On ‘Govt to bring downtown rodent issue under control’
Posted 13 February 2024, 6:55 p.m. Suggest removal
BONEFISH says...
Oh the irony. This is the same person who had no problem erecting billboards broadcasting the high levels of murder under the FNM. The shoe is now on the other foot,
On PM: KEEP MURDERS OFF THE FRONT PAGE – Davis says local press coverage of killings harming tourism
Posted 13 February 2024, 6:46 p.m. Suggest removal
BONEFISH says...
It is getting worse on the island of New Providence which most Bahamians call Nassau.By extension, it getting worse in the rest of the Bahamas.Seventy four percent of the population lies bundled up on an eighty mile island.An island that has for the most part not been properly planned.
Whole settlements have withered away and died in the family islands. I saw that when I visited a family island , a few years ago. The settlement, my great grandmother came from ,died off. The Bahamian people through their political ,religious and civic leaders have no real vision to develop this country. An englishman who is married to a Bahamian lady scoff and laugh at how this country has developed.He said to the class,my relative was in,the Bahamas reminds him of a heavily centralized communist country. All decisions are made in Nassau for the entire country.That is why there is no real interest to decentralize the structure of this country.
On DIANE PHILLIPS – DOES THE ANTI-CRIME MOVEMENT LIE IN THE PEOPLE MOVEMENT? For each a parcel of land, for the nation a new way forward
Posted 4 February 2024, 4:16 p.m. Suggest removal
BONEFISH says...
The seeds of the violent crime problem and traffic congestion were planted in the seventies. These situations have gotten progressively worse over the years.The transhipment of illegal drugs through the Bahamas is a major contributor to the current state of affairs.The traffickers also had their arsenal of weapons to protect their cargoes.
As for representative democracy,the Bahamas is way less democratic than the United States. Canada,the UK and most of western Europe. All of those countries have layers of highly effective state and local governments. Bahamians only vote based on hate and emotions.They have no real understanding of how governments should work.The average Bahamian has no say how this country is governed after they vote.Both major political parties,The PLP and FNM oppose a real system of local government.They fear that it's introduction will reduce their power.
On Representative democracy
Posted 31 January 2024, 9:58 p.m. Suggest removal
BONEFISH says...
The Bahamas has a lot of very hard working Haitian migrants, Quite a number of situations have brought that to my attention.Without their labour, certain segments of the Bahamian economy would collapse.Congratulations and best of luck to the young gentleman.
On Budding teen entrepreneur opens new takeaway restaurant
Posted 31 January 2024, 8:41 p.m. Suggest removal
BONEFISH says...
@DawesThere is no property tax that is levied on Bahamian owed land in the family islands.The problem this country has is there is no land registry and many times ,the sale of land is not recorded. It was recommended from 1963,that land registry be set up. The last iIngraham administration drafted laws to address this situation. Both administration since then,has not touched it. This current situation is a boon for lawyers. They make plenty plenty money of it.
On Unpaid property taxes hit $690m at mid-2021
Posted 28 January 2024, 4:03 p.m. Suggest removal
BONEFISH says...
@This is Ours. of course, you did not mention the high level of tax avoidance and evasion. Over 700 million owed in unpaid property taxes as of 2021. Those problems go back to the era of the late Sir Lynden Pindling. Now the chickens are coming home to roost,
On Tax environment ‘worrisome’ for Bahamas-keen investors
Posted 27 January 2024, 6:24 p.m. Suggest removal
BONEFISH says...
A founding father of the Free National Movement and it's first party chairman. Bahamian history is not really taught in the schools here. When persons like Dr. Donaldson dies, history dies with them. He should have written his memoirs. He knew some interesting things about the inner workings of the PLP in 1966. He had a very interesting conversation with Clement Maynard when they were both working at PMH.
My mother thought highly of him and his brothers as doctors. He was for a time her physician.
Rest in peace
On Dr Elwood Donaldson dies age 86
Posted 22 January 2024, 1:49 p.m. Suggest removal