There areas many Bahamians living behind gates in Nassau and Freeport as there are foreigners. Also most of those houses are worth more than 250,000 so they pay real property tax were the poor don't. They pay hefty Customs Duty on their cars (no regression there). The foreigner employ Bahamian Accountants and lawyers, lots of VAT 7.5% on $10,000 worth of professional services ($750 +++). The rich foreigners pay their real property taxes. I am aware of bills up to $50,000 for many big properties. Plus all the NIB they pay for the hundreds of maids, gardners. Not to mention all the service contracts.
Didn't the Unions run Workers Bank? What happened to that? More importantly why was it not successful?
Is it that the unions could not run a bank? Is it that they don't know how to run a business?
Why could they not run a successful bank and give their employees all the time off and benefits that they say that business should.
They should put their money where their mouth is and set an example and show business how it can and should be done............emmmm......let's see the big mouth union leaders do that......bet they can't.
Economist says...
Also, they pay capital gains on their investments because they are paid at the source.
On ‘Dock tax’ crackdown on gated communities
Posted 4 April 2017, 11:17 p.m. Suggest removal
Economist says...
There areas many Bahamians living behind gates in Nassau and Freeport as there are foreigners.
Also most of those houses are worth more than 250,000 so they pay real property tax were the poor don't.
They pay hefty Customs Duty on their cars (no regression there).
The foreigner employ Bahamian Accountants and lawyers, lots of VAT 7.5% on $10,000 worth of professional services ($750 +++).
The rich foreigners pay their real property taxes. I am aware of bills up to $50,000 for many big properties. Plus all the NIB they pay for the hundreds of maids, gardners. Not to mention all the service contracts.
On ‘Dock tax’ crackdown on gated communities
Posted 4 April 2017, 11:15 p.m. Suggest removal
Economist says...
Tal, anyone who lives behind those gates are already paying the bulk of what goes into the Treasury.
On ‘Dock tax’ crackdown on gated communities
Posted 4 April 2017, 4:54 p.m. Suggest removal
Economist says...
The Act makes no sense. Signing up for Russian Roulette makes no sense either.
On ‘Russian roulette’ fear over Freeport tax break sign-up
Posted 3 April 2017, 10:07 p.m. Suggest removal
Economist says...
Good points Mr. Turnquest. The Act, as it stands does not encourage investment. Indeed, it discourages investment.
On FNM deputy pledges repeal of Freeport’s investments regime
Posted 3 April 2017, 3:13 p.m. Suggest removal
Economist says...
Must have been busy on a Chinese fishing deal.
On Two-year delay in feed mill upgrades after dispute
Posted 31 March 2017, 10:33 a.m. Suggest removal
Economist says...
If she was so confident, why did she leave the purported culprits in place?
Suspend them and have the investigation done. That is how it is done properly. Then when all the facts are reveled she can get on her high horse.
Right now she is on a very old donkey.
On Hanna Martin accuses auditor of guesswork on road traffic
Posted 31 March 2017, 10:32 a.m. Suggest removal
Economist says...
Agreed, it is not rocket science.
Ah, the wonders of a grade 'D' education. He maybe needed an 'E' for Easy.
On Copper thieves blamed for fire
Posted 31 March 2017, 10:28 a.m. Suggest removal
Economist says...
Yes, the wonders of protectionist Bahamas Immigration policy!
On Bahamian firms ‘50% lower’ than rivals for jobs and productivity
Posted 30 March 2017, 5:21 p.m. Suggest removal
Economist says...
Didn't the Unions run Workers Bank? What happened to that? More importantly why was it not successful?
Is it that the unions could not run a bank? Is it that they don't know how to run a business?
Why could they not run a successful bank and give their employees all the time off and benefits that they say that business should.
They should put their money where their mouth is and set an example and show business how it can and should be done............emmmm......let's see the big mouth union leaders do that......bet they can't.
On Unions: We’ll stop employers ‘ripping out workers’ guts’
Posted 30 March 2017, 5:20 p.m. Suggest removal