The Bill will effect all areas of business and not just aviation. A law like this has been needed for decades. Sure Sky may benefit, but so will many other businesses. This bill is good for the consumer.
I am well aware of the Vat at the boarder. If Customs is modernized to first world standards then most of the goods are declared by the business as and when it is imported and both VAT and the Duty, is paid directly to the government. No cash at the boarder and customs only does spot checks to keep people honest. The penalty for trying to cheat the government is more than business is prepared to risk.
Yup, quite a few less customs officers are required.
As the WTO forces lower duty there will be less for Customs to miss. Indeed, there will be less need for all the Customs Officers. Government is now collecting the revenue by the much more efficient method of VAT. Soon we won't need as many customs officers and can save the Government salaries.
The Good Bishop can do something to rectify this. The a part of the cause of our poor economy is the grade 'D' education. Many of our young men are unemployable. A country's economy is only as good as its productivity.
Many educators talk of the lack of support of the students parents. Bishop you can start by ensuring, not just doing a sermon or two, but creating an active and effective program in your church that makes parents be responsible for their children, whether those children come from within or without wedlock.
The church is too happy to pontificate and then sit back and do nothing.
While I am concerned with the fact that her husband is the Governor of the Central Bank and provides for a clear conflict of interest, I am also aware that Dr. Rolle does have a good grasp of the problems facing the Country and NIB.
I agree all the above has to be done, but it can't be done all at once without putting thousands of Bahamians out of work overnight.
To cut down on recurrent expenditure, in a meaningful way, they would have to terminate 3,000 to 5,000 civil servants, of the bloated civil service, or cut their salary by 15%. They have said that as people retire they will not hire new replacements and those who are not showing up for work, will be terminated.
They have said that they are looking at ways to get rid of the government corporations, but again they can't put thousands of people out of work.
I am aware that several notices have gone out to real property owners with further intention to enforce.
Economist says...
The Bill will effect all areas of business and not just aviation. A law like this has been needed for decades.
Sure Sky may benefit, but so will many other businesses. This bill is good for the consumer.
On Competition Bill 'answers prayers' over Bahamasair
Posted 20 July 2018, 1:26 p.m. Suggest removal
Economist says...
I am well aware of the Vat at the boarder. If Customs is modernized to first world standards then most of the goods are declared by the business as and when it is imported and both VAT and the Duty, is paid directly to the government. No cash at the boarder and customs only does spot checks to keep people honest. The penalty for trying to cheat the government is more than business is prepared to risk.
Yup, quite a few less customs officers are required.
On Govt admits to 50% Customs leakages
Posted 18 July 2018, 8:02 p.m. Suggest removal
Economist says...
As the WTO forces lower duty there will be less for Customs to miss. Indeed, there will be less need for all the Customs Officers. Government is now collecting the revenue by the much more efficient method of VAT.
Soon we won't need as many customs officers and can save the Government salaries.
On Govt admits to 50% Customs leakages
Posted 18 July 2018, 2:28 p.m. Suggest removal
Economist says...
The Good Bishop can do something to rectify this. The a part of the cause of our poor economy is the grade 'D' education. Many of our young men are unemployable. A country's economy is only as good as its productivity.
Many educators talk of the lack of support of the students parents. Bishop you can start by ensuring, not just doing a sermon or two, but creating an active and effective program in your church that makes parents be responsible for their children, whether those children come from within or without wedlock.
The church is too happy to pontificate and then sit back and do nothing.
Now get to work Bishop!
On Bishop: We cannot lift the nation through taxation
Posted 11 July 2018, 5:10 p.m. Suggest removal
Economist says...
While I am concerned with the fact that her husband is the Governor of the Central Bank and provides for a clear conflict of interest, I am also aware that Dr. Rolle does have a good grasp of the problems facing the Country and NIB.
Her input, at NIB, is much needed.
On New director for National Insurance Board
Posted 2 July 2018, 4:05 p.m. Suggest removal
Economist says...
Grew up on the water. Inboard or inboard outboard explode, but never an outboard.
Since he had tourists, I assume he had insurance so this should make for an interesting claim.
On Inferno at sea
Posted 2 July 2018, 1:02 p.m. Suggest removal
Economist says...
Bahamasair has, is, and will continue to be a drain on the Bahamian people. It is not needed and should be shut down.
On Govt urged: 'Stop running aviation industry by crisis'
Posted 26 June 2018, 9:09 p.m. Suggest removal
Economist says...
Good job!
On Dominican poachers held by RBDF
Posted 19 June 2018, 12:21 p.m. Suggest removal
Economist says...
Police are good at getting speeders on an open road with little or no traffic though.
On Texting while driving to be made illegal
Posted 19 June 2018, 12:08 p.m. Suggest removal
Economist says...
I agree all the above has to be done, but it can't be done all at once without putting thousands of Bahamians out of work overnight.
To cut down on recurrent expenditure, in a meaningful way, they would have to terminate 3,000 to 5,000 civil servants, of the bloated civil service, or cut their salary by 15%. They have said that as people retire they will not hire new replacements and those who are not showing up for work, will be terminated.
They have said that they are looking at ways to get rid of the government corporations, but again they can't put thousands of people out of work.
I am aware that several notices have gone out to real property owners with further intention to enforce.
On INSIGHT: Everything to lose and so little to gain
Posted 19 June 2018, 11:02 a.m. Suggest removal