The solution is simple, increase the VAT to 15% and take the duty away all together. You will see an economic increase and more trade. What stops the Bahamas from developing economically is the duty and the attached paperwork/process that comes with it. You need a simpler tax model. None of the big companies would actually care to open local businesses when they have to pay duty on everything they intent to sell.

Everything you aren't selling will be painfull to get it off the island again. Just look at all the trashy cars in Nassau, noone is ever exporting their car again once it arrives on Nassau - for the very simple reason that you won't get that high duty back. Ergo, everyone drives their car here until it dies.

"give me 100.000$ all cash or i'll give the chinese your properties!"

What banker said - I would only come here and when i already bribed everyone involved, that's how it works here...

I think i rather burn all my cash before doing another investment in this country.

Wrong! What are you talking about ? You can just tell guests of the Baha Mar to flush multiple times when taking a dump. All you gotta do is being a bit more careful, who needs glue ?!

I'd say you'll let him right where he is now so other parties have a better chance... in the end it'll be better for this country to have the whole crew changed.

Well the difference is that the people going to jail aren't in charge of the country which is why they have to go to jail - while your PM just wants to get reelected instead...

Nope, 8 years jail, 1 year jail for each 160k taken... nice salary!

You have to see it from a chinese perspective...

In my country they would have arrested a bunch of these politicians already. It's almost like someone there is thinking "Let's see how much Bahamians can take until they finally got enough"... So insulting to this country and the people who live here... unbelievable...