Even better a Corporate Income Tax of 15% or 20% on profits over $5 million or $10 million. Enter into a Double Taxation Treaty with the US, Canada, UK etc. When a foreign company makes a profit here it will at least pay us rather than the home country.
Why should the US Government get 35% of the profit made in The Bahamas and The Bahamas get nothing? We would get 15% or 20% and the US the remaining 20% or 15%.
It seems to me that **he has no case**, nor does he have any real evidence. If he did he would have only sued those that he needed to. This sue everyone means he is on, what they call, a fishing expedition.
Birdie, the death of our financial services has been a long one.
You need to go back to the early seventies when we allowed Robert Vesco to set up a bank. We got much bad publicity for harbouring someone who had ripped off a $100 million fund called IOS.
The during that decade we ran the Captive Insurance Industry out of the country.
In the eighties our banks were allowed to deposit large sums of drug money and got a very bad reputation for drugs. Read the Commission of Inquiry to get a flavour.
For the next 30 years we continued to employ incompetent people in the Banks Supervision Department of the Central Bank. They failed to do proper inspections and in one case allowed the accountant for a Trust Company to also do the audit. Oh, did I say that a notorious Drug Lord from Columbia ran over $10 million through that same Trust Company.
By 2000 the rest of the world was correct in saying that we were out of control.
It has taken us 45 years but I think that we have finally killed the one industry that paid Bahamians good salaries.
With all due respect to Maurice Moore, he is a has been with old ideas.
What do the youth of the party say?
They are our future and we need to start to listen to them. Yes, there will be one or two young hot heads BUT many of the young are better educated than we are and have new, fresh and innovative ideas.
What the FNM does not realize is that they don't have a leader to stand by. A leader is one who leads. The FNM does not have one who leads. They are leaderless at the moment.
Agreed, both parties have had ample time to fix the problem. There were fires, on and off, the entire time the fnm has ever been in power. I can certainly remember fires over the last twenty years.
Economist says...
Even better a Corporate Income Tax of 15% or 20% on profits over $5 million or $10 million. Enter into a Double Taxation Treaty with the US, Canada, UK etc. When a foreign company makes a profit here it will at least pay us rather than the home country.
Why should the US Government get 35% of the profit made in The Bahamas and The Bahamas get nothing? We would get 15% or 20% and the US the remaining 20% or 15%.
On Rivals slam ‘pie in sky’ FNM VAT exemptions
Posted 31 March 2016, 4:51 p.m. Suggest removal
Economist says...
Will someone please shut Minnis up. As difficult as it is to believe, he is turning out to be worse than the PLP.
On Rivals slam ‘pie in sky’ FNM VAT exemptions
Posted 31 March 2016, 4:10 p.m. Suggest removal
Economist says...
It seems to me that **he has no case**, nor does he have any real evidence. If he did he would have only sued those that he needed to.
This sue everyone means he is on, what they call, a fishing expedition.
On Nygard sues The Tribune, FNM members and more
Posted 31 March 2016, 8:25 a.m. Suggest removal
Economist says...
Birdie, the death of our financial services has been a long one.
You need to go back to the early seventies when we allowed Robert Vesco to set up a bank. We got much bad publicity for harbouring someone who had ripped off a $100 million fund called IOS.
The during that decade we ran the Captive Insurance Industry out of the country.
In the eighties our banks were allowed to deposit large sums of drug money and got a very bad reputation for drugs. Read the Commission of Inquiry to get a flavour.
For the next 30 years we continued to employ incompetent people in the Banks Supervision Department of the Central Bank. They failed to do proper inspections and in one case allowed the accountant for a Trust Company to also do the audit. Oh, did I say that a notorious Drug Lord from Columbia ran over $10 million through that same Trust Company.
By 2000 the rest of the world was correct in saying that we were out of control.
It has taken us 45 years but I think that we have finally killed the one industry that paid Bahamians good salaries.
On Financial services ‘burial’ fears over e-mail leaking
Posted 30 March 2016, 2:52 p.m. Suggest removal
Economist says...
With all due respect to Maurice Moore, he is a has been with old ideas.
What do the youth of the party say?
They are our future and we need to start to listen to them. Yes, there will be one or two young hot heads BUT many of the young are better educated than we are and have new, fresh and innovative ideas.
Just what the FNM and the Country needs.
On FNM founder backs Minnis
Posted 30 March 2016, 2:39 p.m. Suggest removal
Economist says...
What the FNM does not realize is that they don't have a leader to stand by. A leader is one who leads. The FNM does not have one who leads. They are leaderless at the moment.
On FNM ‘stands by’ party leader
Posted 30 March 2016, 12:08 p.m. Suggest removal
Economist says...
If you put this in a movie people would say that it was not real because no business person would do that. But here we have it, in real life.
On Baha Mar bidders barred from talking to Sarkis and CCA
Posted 30 March 2016, 12:05 p.m. Suggest removal
Economist says...
I think that you will find that the evidence will be admissible whether or not it was collected by a person who did not have a permit.
On Immigration chief says investigator had no permit
Posted 30 March 2016, 11:58 a.m. Suggest removal
Economist says...
Agreed, both parties have had ample time to fix the problem. There were fires, on and off, the entire time the fnm has ever been in power. I can certainly remember fires over the last twenty years.
On Landfill manager criticised after latest fire
Posted 30 March 2016, 11:56 a.m. Suggest removal
Economist says...
We are still waiting for the government to release the details of the contract with Renew.
We don't know who they are or what experience they have to run a landfill.
On Landfill manager criticised after latest fire
Posted 30 March 2016, 10:22 a.m. Suggest removal