The VAT was put in place in 1973 when Edward Heath was prime minister. The same year the Bahamas became independent and the UK joined the European Economic Community. Mrs.Thatcher was a cabinet minister then and not prime minister then.Labour and and as well as the Liberal Democrats have made no attempt to repeal it
The island of New Providence needed a proper public transportation system from the nineteen fifties. A German company proposed one for the island in the nineteen seventies.That was rejected by the PLP government at the time.They did not want to offend the taxi cab union. Hence now you have chaos on the roads on this island.
Tiny Bermuda has a first class bus system, A cousin who visited Bermuda told me that.A former co-worker who lived and worked in Bermuda for some time. The former co-worker said Bermuda is way more advanced than the Bahamas in so many ways.
The implementation of this measure needs to be pushed back by one year at least.It will give the businesses and accounting firms time to prepare for it. There is an acute shortage of accountants who do audits in this country. A former managing partner of a major firm here in the Bahamas said there was a constant turnover of staff in his firm. Bahamians are unaware of that. Audit is hard work. Some firms here in the Bahamas employ expats to assist in audits.
@This is Ours. The Minister of Finance is well aware of this law. This requirement was an amendment to the business licence act during the budget debate. He read and presented it in parliament. An accountant who watched the BICA presentation explained that to me.He told me what the Financial Secretary said.
1. The previous budget performance was reviewed by the analysts in the Ministry of Finance. 2. Meeting were held with the finance policy team and the budget team. 3. A policy paper was prepared and given to the Minister of Finance. 4. Brave Davis took that paper to cabinet and they supported these changes.The Attorney General office drafted these laws.
What is happening now is what Hubert Ingraham basically prophesied ten years or more ago.These changes are now being dictated by the IMF and the Bahamas international creditors.The Bahamas can no longer easily borrow money on the international market. There is a saying it een going,it coming.
The sentiments expressed in the article are true and spot on. A former coworker said this. I lived and worked in Bermuda in the early 2000's.Bermuda is way more advanced than the Bahamas in many ways.
Typical Bahamian politician .Out of touch and do not understand their portfolio. The prime minister is just like Jobeth Coleby Davis who was shocked at the conditions in West Grand Bahama..
The island of New Providence needed a unified bus system from at least the nineteen fifties. The high level of car ownership and congestion on the streets of this small island is directly related to that. Bermuda is light years ahead of the Bahamas in this regard.
Sensible progressive ideas take years to be implemented in this country. A foreigner said despite the Bahamas so called wealth, the country is so far behind in certain aspects.
That proposal was presented to previous PLP and FNM administrations. This is how this country operates. Business ideas and proposals are passed on and funneled to a favored few. That is why this country is not developing with sense and is stagnant.
@An Observer.The Bahamas a service economy based on tourism and financial services. Nursing is a very complex and demanding profession. It goes beyond bathing patients and emptying slop pans.The salaries and working conditions for nurses in the government service is not good. Add to that ,the recruitment of bahamian nurses by foreign agencies. Salaries and benefits are better aboard in the US, Canada and parts of Europe.
BONEFISH says...
The VAT was put in place in 1973 when Edward Heath was prime minister. The same year the Bahamas became independent and the UK joined the European Economic Community. Mrs.Thatcher was a cabinet minister then and not prime minister then.Labour and and as well as the Liberal Democrats have made no attempt to repeal it
On Laffer curve and taxes
Posted 29 December 2023, 6:54 p.m. Suggest removal
BONEFISH says...
The island of New Providence needed a proper public transportation system from the nineteen fifties. A German company proposed one for the island in the nineteen seventies.That was rejected by the PLP government at the time.They did not want to offend the taxi cab union. Hence now you have chaos on the roads on this island.
Tiny Bermuda has a first class bus system, A cousin who visited Bermuda told me that.A former co-worker who lived and worked in Bermuda for some time. The former co-worker said Bermuda is way more advanced than the Bahamas in so many ways.
On What really needs to be done on roads
Posted 29 December 2023, 6:49 p.m. Suggest removal
BONEFISH says...
The implementation of this measure needs to be pushed back by one year at least.It will give the businesses and accounting firms time to prepare for it. There is an acute shortage of accountants who do audits in this country. A former managing partner of a major firm here in the Bahamas said there was a constant turnover of staff in his firm. Bahamians are unaware of that. Audit is hard work. Some firms here in the Bahamas employ expats to assist in audits.
@This is Ours. The Minister of Finance is well aware of this law. This requirement was an amendment to the business licence act during the budget debate. He read and presented it in parliament. An accountant who watched the BICA presentation explained that to me.He told me what the Financial Secretary said.
1. The previous budget performance was reviewed by the analysts in the Ministry of Finance.
2. Meeting were held with the finance policy team and the budget team.
3. A policy paper was prepared and given to the Minister of Finance.
4. Brave Davis took that paper to cabinet and they supported these changes.The Attorney General office drafted these laws.
What is happening now is what Hubert Ingraham basically prophesied ten years or more ago.These changes are now being dictated by the IMF and the Bahamas international creditors.The Bahamas can no longer easily borrow money on the international market. There is a saying it een going,it coming.
On Business Licence audit can’t be ‘too draconian’
Posted 21 December 2023, 5:53 p.m. Suggest removal
BONEFISH says...
The sentiments expressed in the article are true and spot on. A former coworker said this. I lived and worked in Bermuda in the early 2000's.Bermuda is way more advanced than the Bahamas in many ways.
On FRONT PORCH: A Deep Crisis of Culture
Posted 19 December 2023, 5:48 p.m. Suggest removal
BONEFISH says...
Correction.His name is Andre Dawson not Andrew .His nickname was the 'Hawk' during his playing days.Born and raised in Miami,Florida.
On MLB stars come out in Futures Showcase
Posted 10 December 2023, 4:41 p.m. Suggest removal
BONEFISH says...
Typical Bahamian politician .Out of touch and do not understand their portfolio. The prime minister is just like Jobeth Coleby Davis who was shocked at the conditions in West Grand Bahama..
On PM ‘SHOCKED’ BY IMF OVER DEFICIT: PM says no concerns were raised with him during recent meeting
Posted 29 November 2023, 8:44 p.m. Suggest removal
BONEFISH says...
The government officials have an idea of who dis this, Nothing is going to come of this. This is how this country operates.Sad.
On Probe launched into mangrove destruction
Posted 25 November 2023, 8:54 p.m. Suggest removal
BONEFISH says...
The island of New Providence needed a unified bus system from at least the nineteen fifties. The high level of car ownership and congestion on the streets of this small island is directly related to that. Bermuda is light years ahead of the Bahamas in this regard.
Sensible progressive ideas take years to be implemented in this country. A foreigner said despite the Bahamas so called wealth, the country is so far behind in certain aspects.
On Bus systems need more routes
Posted 25 November 2023, 8:51 p.m. Suggest removal
BONEFISH says...
That proposal was presented to previous PLP and FNM administrations. This is how this country operates. Business ideas and proposals are passed on and funneled to a favored few. That is why this country is not developing with sense and is stagnant.
On ‘PTI Road Traffic proposal never made it to Cabinet’
Posted 5 November 2023, 5:27 p.m. Suggest removal
BONEFISH says...
@An Observer.The Bahamas a service economy based on tourism and financial services. Nursing is a very complex and demanding profession. It goes beyond bathing patients and emptying slop pans.The salaries and working conditions for nurses in the government service is not good. Add to that ,the recruitment of bahamian nurses by foreign agencies. Salaries and benefits are better aboard in the US, Canada and parts of Europe.
On Ghanaian nurses to arrive by end of month to help relieve shortage
Posted 14 October 2023, 7:44 p.m. Suggest removal