in my view the tax value on file is the tax value unless the seller files an appeal. THE DIR has no business arbitrarily changing the tax liability willy nilly as they see fit. this is contrary to the spirit of the law. If we didn't have such exorbitant tax rates on real estate sales then this would not be an issue. But having high tax on foreign real estate transactions makes the electorate feel better, so carry on smartly. out of a typical 90 day sale period over 45 of that is dealing with taxes and govt. the actual title work only needs 3 weeks max unless there are problems to resolve.

just like ppl fake invoices at customs they will fake declare the sale price and some attorneys will happily comply for their client. there is no penalty to the attorney for false declaration only penalty to the buyer.

getting called to the bar is a get out of jail free card in the bahamas. (and for the wealthy who can pay for an attorney)

couple keys = the majority of the country, good laughs on this one.

"public good" i'd say benefiting the majority vs the couple lucky Nathan Key descendants trying to screw their cousins is in the 'public good' but hey what do I know - I am not a key and not one of the lucky lucky lawyers making millions off these unsuspecting fools...

a bale has a value of $100,000? wow, I had no idea. Hows that new law coming along?

so, sounds like half a 20 foot container worth of grass in a go fast boat? interesting.

around town all these shiny new landrovers, beemers, Benzs, etc. I want a no-bid contract too please. and a smooth 1/4 mill consultancy on top would be great.

Noooo, never!!!!/s

Let's take a look at the cruise port where they mandated that no store could sell goods that were not produced in the Bahamas however the one largest store in the cruise shopping area is owned and operated by the porch principal and which is filled with crap from Indonesia China and the Philippines and definitely not Bahamian. Sips tea