We need more innovative thinking outside the box on taxes, particularly on generating new revenue from non Bahamian sources. For example the previous FNM administration generated $35 million a year from new overflight fees. This fiscal year the current administration will generate an extra $35 million from increased departure tax on cruise visitors, many millions in taxing private cruise island sales and services (vat) for the first time, $150mill plus from new 15% minimum tax on large corporations in the Bahamas. Don’t just take the lazy way out and increase vat on Bahamians, we need more new foreign revenue streams so vat can be lowered! If the govt can find just an additional $30mill this way, vat on all food can be lowered to ZERO, with no negative impact on the budget.
There is already a cap on the interest rates charged by commercial banks for consumer loans in the Bahamas. The cap albeit very high has been in place for many years.
To call an entity that has 25% Bahamian ownership and over 1000 Bahamians as shareholders as not Bahamian is ignorance at its height. Monday morning when BISX opens at 10a.m. buy all the shares of Commonwealth Brewery you want and learn the reality of how Bahamian it is. Is Mr. Robinson offering shares to the general Bahamian public, or is Bahamian Brewery for that matter? The answer is no. So should the Bahamian public pay a higher price to enrich one man or save money and benefit over 1000 Bahamians? This sense, and demand for entitlement is ridiculous and greedy.
What a sense of entitlement these retailers have. God forbid the customer gets a lower price, Mr. Robinson. Commonwealth Brewery has every right to reduce its prices and maximize sales and shareholder value, so what if you have lower sales for a week or two out of the year.
All is talk until we see police officers prosecuted and imprisoned for their crimes in the Bahamas, instead of as usual being swept under the rug. Same for the politicians, many of whom are constantly looking for shingles.
DonAnthony says...
Why the need to send nine people? Could not two (a cameraman and journalist) suffice? Seems a HUGE waste of taxpayer dollars!
On ZNS trip to trump inauguration generated revenue, says BCB
Posted 24 January 2025, 4:47 p.m. Suggest removal
DonAnthony says...
We need more innovative thinking outside the box on taxes, particularly on generating new revenue from non Bahamian sources. For example the previous FNM administration generated $35 million a year from new overflight fees. This fiscal year the current administration will generate an extra $35 million from increased departure tax on cruise visitors, many millions in taxing private cruise island sales and services (vat) for the first time, $150mill plus from new 15% minimum tax on large corporations in the Bahamas. Don’t just take the lazy way out and increase vat on Bahamians, we need more new foreign revenue streams so vat can be lowered! If the govt can find just an additional $30mill this way, vat on all food can be lowered to ZERO, with no negative impact on the budget.
On IMF: Bahamas’ debt ‘distress high risk’ with no new taxes
Posted 20 January 2025, 2:20 p.m. Suggest removal
DonAnthony says...
There is already a cap on the interest rates charged by commercial banks for consumer loans in the Bahamas. The cap albeit very high has been in place for many years.
On Put ‘all cards on table’ over banking reforms
Posted 7 January 2025, 2:36 p.m. Suggest removal
DonAnthony says...
Agreed. Fire, liquidate, and take funds that would have been squandered on bananasair and subsidize essential inter-island routes.
On UPDATE: Bahamasair flights cancelled due to staff sickout
Posted 18 December 2024, 2:48 p.m. Suggest removal
DonAnthony says...
To call an entity that has 25% Bahamian ownership and over 1000 Bahamians as shareholders as not Bahamian is ignorance at its height. Monday morning when BISX opens at 10a.m. buy all the shares of Commonwealth Brewery you want and learn the reality of how Bahamian it is. Is Mr. Robinson offering shares to the general Bahamian public, or is Bahamian Brewery for that matter? The answer is no. So should the Bahamian public pay a higher price to enrich one man or save money and benefit over 1000 Bahamians? This sense, and demand for entitlement is ridiculous and greedy.
On Liquor merchant slams ‘predatory behaviours’
Posted 14 December 2024, 5:50 p.m. Suggest removal
DonAnthony says...
Commonwealth Brewery is a Bahamian entity, it is 25% owned by Bahamians . NIB is a particularly large shareholder too.
On Liquor merchant slams ‘predatory behaviours’
Posted 14 December 2024, 9:46 a.m. Suggest removal
DonAnthony says...
What a sense of entitlement these retailers have. God forbid the customer gets a lower price, Mr. Robinson. Commonwealth Brewery has every right to reduce its prices and maximize sales and shareholder value, so what if you have lower sales for a week or two out of the year.
On Liquor merchant slams ‘predatory behaviours’
Posted 13 December 2024, 4:23 p.m. Suggest removal
DonAnthony says...
We need a general election. The Bahamian people no longer have confidence in this government or the police force.
On BREAKING: Shanendon Cartwright throws mace from House
Posted 4 December 2024, 11:55 a.m. Suggest removal
DonAnthony says...
All is talk until we see police officers prosecuted and imprisoned for their crimes in the Bahamas, instead of as usual being swept under the rug. Same for the politicians, many of whom are constantly looking for shingles.
On NATIONAL STATEMENT: The full text of statement by Police Commissioner Clayton Fernander
Posted 2 December 2024, 8:10 a.m. Suggest removal
DonAnthony says...
I don’t know. Wayne seems to be sweating a lot and his eyes are red.
On Munroe denies role in cocaine scheme
Posted 28 November 2024, 10:06 a.m. Suggest removal