What idiots like Dorsette and the Cabinet have missed is that going underground does not mean it is illegal.
Take for instance companies like eBay, Amazon, Walmart Online..
These companies make millions in sales from Bahamians in The Bahamas (not Bahamians traveling to Florida - but Bahamians IN The Bahamas) while contributing less than dollar to the tax regime here in the country. Technology makes it possible for us to spend with companies like eBay and Amazon without paying VAT or without a sliding scale of taxes.
They are licensed and able to conduct business in their relevant countries but their reach is endless.
A newly formed Island Luck, incorporated in a fair jurisdiction (like the Isles of Mann) with a stable tax structure could easily make it available for all with access to the internet - including Bahamians - to game and spend money with them. The government in this scenario gets $0 in taxes and the employment complement is 0.
I'm not sure this is what the government wants or whether they've considered this "underground approach" and how it is beyond their reach to police.
Peter Turnquest owes the graduates an apology for hijacking their ceremonious departure from High school with his deflated attempts at selling this failure of a budget.
When will Hubert quit telling lies to The Bahamian public.
We know and YOU know, hubert, that GB nor anywhere else in this country will NEVER be able to exist in the same sentence as silicon valley until we get reform our electricity grid and competitively price our KWh.
No-one will invest in a shakey grid that guarantees less than 90% up-time with costs comparable to mortgages.
BahamasForBahamians says...
Didnt Peter reject Bradley Roberts' opinion that this hotel's sale had fallen through.
Has he now bitten his words?
On Govt urged: seek other buyer on Grand Lucayan
Posted 29 June 2018, 10:47 a.m. Suggest removal
BahamasForBahamians says...
Wasnt this hotel supposed to be "sold" ?
didnt KPT go to war with Bradley Roberts for exposing the sale had fall through?
If that was a lie, why are they earmarking 25 million for the hotel?
On Davis: $25m Lucayan budget shows govt’s lack of belief
Posted 28 June 2018, 10:20 a.m. Suggest removal
BahamasForBahamians says...
What idiots like Dorsette and the Cabinet have missed is that going underground does not mean it is illegal.
Take for instance companies like eBay, Amazon, Walmart Online..
These companies make millions in sales from Bahamians in The Bahamas (not Bahamians traveling to Florida - but Bahamians IN The Bahamas) while contributing less than dollar to the tax regime here in the country. Technology makes it possible for us to spend with companies like eBay and Amazon without paying VAT or without a sliding scale of taxes.
They are licensed and able to conduct business in their relevant countries but their reach is endless.
A newly formed Island Luck, incorporated in a fair jurisdiction (like the Isles of Mann) with a stable tax structure could easily make it available for all with access to the internet - including Bahamians - to game and spend money with them. The government in this scenario gets $0 in taxes and the employment complement is 0.
I'm not sure this is what the government wants or whether they've considered this "underground approach" and how it is beyond their reach to police.
On 'Going underground is no solution for web shops'
Posted 26 June 2018, 5:06 p.m. Suggest removal
BahamasForBahamians says...
How much does this exercise cost VS the savings realized?.
That is the only thing the reporter should be focused on.. is the net savings of this exercise.. or how much it is going to cost the Bahamian people.
If it was a loss or a profit - that should be the headline.
whose coaching the editors ?
On BPL accepts ‘over 250’ staff leaving
Posted 25 June 2018, 1:57 p.m. Suggest removal
BahamasForBahamians says...
Peter Turnquest owes the graduates an apology for hijacking their ceremonious departure from High school with his deflated attempts at selling this failure of a budget.
On Deputy PM heckled as he talks VAT at graduation
Posted 25 June 2018, 10:45 a.m. Suggest removal
BahamasForBahamians says...
Only the government thinks otherwise
On Grand Bahama ‘can be the new silicon valley’
Posted 21 June 2018, 12:45 p.m. Suggest removal
BahamasForBahamians says...
The country regrets choosing Hubert Minnis
On FNM constituency association regrets picking Chipman
Posted 21 June 2018, 10:31 a.m. Suggest removal
BahamasForBahamians says...
When will Hubert quit telling lies to The Bahamian public.
We know and YOU know, hubert, that GB nor anywhere else in this country will NEVER be able to exist in the same sentence as silicon valley until we get reform our electricity grid and competitively price our KWh.
No-one will invest in a shakey grid that guarantees less than 90% up-time with costs comparable to mortgages.
On Grand Bahama ‘can be the new silicon valley’
Posted 21 June 2018, 10:29 a.m. Suggest removal
BahamasForBahamians says...
No news here. This has always been the case.
On Free university tuition plan if students meet criteria
Posted 19 June 2018, 5:23 p.m. Suggest removal
BahamasForBahamians says...
Ava,
Can you do the rest of The Bahamas a favor and avoid interviews with this failure going forward?
How is he speaking on behalf of the government? Who's coaching this idiot?
On None
Posted 18 June 2018, 2:04 p.m. Suggest removal