No need to come up with anything; it exists. They are trying to figure out which "accounting firm" will take custody of the funds and who the trustees will be. Fees, meetings, reports, appraisers, consultants, travel.....10% per year.

Power is probably 10% of the operating cost of the business but there should be a savings anyway.

What a joke. Talk about a non value added business populated by bottom feeders - real estate agents. Here is hoping tech destroys these leeches.

There are multiple sources of taxation revenue for the government here, including VAT on all sales in the new facility, Corporate taxes currently not collected from the ships themselves, and future income taxes on the employees (yes this will happen in the next 150 years). So the property tax of $140K per year on the government portion of the acquired land is just part of the picture. It sounds like a great project that will further solidify Nassau's standing as the premier destination in the region.

Outside of property tax, there is nothing else to tax. These people are experts in Offshoring and many use multiple domiciles. Some domiciles allow for income to convert to Capitol over time and then it can be repatriated to their original home Nations without paying tax.
Grand Cayman and Barbados are two great examples of competitive domiciles; they don't have to listen to nonsense like you suggest, Andrew. I know it sounds great to take from the rich foreigners to pay for the mismanagement of a banana republic, but the reality is very different. They can leave and you are stuck; that's the truth.

You are right. There is nothing wrong with that degree but let's not pretend that it is World class. Every Bahamian I know with money, and. I know many, all go to the US for medical treatment.

Take the statue down. Columbus discovered nothing and created nothing; certainly not in the Bahamas. I was raised with the myth of Columbus too but anything that causes this much division among us needs to be removed. Mr. Smith may have been behaving erratically but his expression is shared among many and needs to be respected.

Ah, you hit upon one of my favourite Bahamian myths; that there is a Bahamian who can do every conceivable job. What a joke. Find me a data scientist, programmer, martech specialists, actuary. How about a Doctor who didn't graduate from a Caribbean community college. I agree; let them hire the best people, not the best of what's around.

I like the way you gloss over the BahaMar debacle as if it wasn't a red warning to all investors that this place is lawless and the government was complicit in Sarkis losing $900 million dollars. I recall loser ministers threatening to revoke his residency for speaking out as the economic rape was going on. No billionaires should invest in The Bahamas until the rule of law and economic norms are respected by the government. Period. Full stop.

This is why Bahamian bonds have to yield 9% and ratings agencies continue to downgrade the creditworthiness of the Nation.
Would you lend money to The Bahamas?