The PLP hired hundreds more civil servants than were needed and more than the country can afford. The PLP was counting on blaming the IMF for requiring it to let the civil servants go. The PLP knew that The Bahamas could not afford to pay all of the civil servants, that they hired, for very long.
The PLP shirked their responsibility and now the current government is in the unenviable position of having to it to save the country.
Finally. However the tax should not cut in until Earnings before Taxes exceeds 10 Million.
The Bahamas can then enter into Double Taxation Treaties and US corporations, for example, who make a profit here and currently don't pay any tax still pay their full 35% to Uncle Sam would, with a Double Taxation Treaty, then pay 10% to The Bahamas and the remaining 25% to Uncle Sam.
This is a very positive step in The Bahamas collecting millions that the other governments are currently getting.
The problem is that the cruise lines own everything. Even if Bahamians owned the retail business the cruise lines will take all the profits through the lease over the shop space (so much for rent + x% of the gross income or y% of the net profit. Either way the Bahamian loses and the cruise line wins big.
There are various people trying to sell eggs as "free range" etc. But who has the over site for this? There is no group who certifies them to be free range so how do I know what I am buying?
Standards are vital if you want me to buy their eggs. At the moment I have no confidence in what they are saying so will buy foreign, even if they are more expensive, until I am satisfied that the Bahamian product is what they say it is.
Economist says...
One word describes our countries airport operations, "incompetence".
On Exuma grounded by faulty fire engine
Posted 4 November 2017, 8:23 a.m. Suggest removal
Economist says...
The PLP hired hundreds more civil servants than were needed and more than the country can afford. The PLP was counting on blaming the IMF for requiring it to let the civil servants go. The PLP knew that The Bahamas could not afford to pay all of the civil servants, that they hired, for very long.
The PLP shirked their responsibility and now the current government is in the unenviable position of having to it to save the country.
On Mitchell: Govt 'chipping away' at civil service labour force
Posted 3 November 2017, 9:32 p.m. Suggest removal
Economist says...
Finally. However the tax should not cut in until Earnings before Taxes exceeds 10 Million.
The Bahamas can then enter into Double Taxation Treaties and US corporations, for example, who make a profit here and currently don't pay any tax still pay their full 35% to Uncle Sam would, with a Double Taxation Treaty, then pay 10% to The Bahamas and the remaining 25% to Uncle Sam.
This is a very positive step in The Bahamas collecting millions that the other governments are currently getting.
On ‘Low level’ corporation tax studied
Posted 3 November 2017, 3:21 p.m. Suggest removal
Economist says...
I have no respect for the government agencies who don't rebate promptly. They need to fire all the civil servants who work at them.
In the private sector people who don't perform get fired. These civil servants are not performing.
On Gov't urged to improve 'God awful' tax credits
Posted 1 November 2017, 7:42 p.m. Suggest removal
Economist says...
Well written.
On Perry Christie out of touch with the people
Posted 1 November 2017, 7:37 p.m. Suggest removal
Economist says...
After the banking crisis in 2008, many regulators investigated the banks. Some of the banking officers went to jail others were fired.
What has our regulator, the Central Bank, done?????????
On Gov't pays '3x' value of BOB's toxic loans
Posted 31 October 2017, 4:42 p.m. Suggest removal
Economist says...
How are they doing on the Hope Town service? I hear about Marsh Harbour but nothing about Hope Town.
On Seaplane provider urges greater Andros exposure
Posted 31 October 2017, 12:56 p.m. Suggest removal
Economist says...
A Ft. Lauderdale direct to Andros scheduled service would do a lot for the island.
On Seaplane provider urges greater Andros exposure
Posted 31 October 2017, 12:54 p.m. Suggest removal
Economist says...
The problem is that the cruise lines own everything. Even if Bahamians owned the retail business the cruise lines will take all the profits through the lease over the shop space (so much for rent + x% of the gross income or y% of the net profit. Either way the Bahamian loses and the cruise line wins big.
On Cruise ship workers say they are being pushed out
Posted 31 October 2017, 12:51 p.m. Suggest removal
Economist says...
There are various people trying to sell eggs as "free range" etc. But who has the over site for this? There is no group who certifies them to be free range so how do I know what I am buying?
Standards are vital if you want me to buy their eggs. At the moment I have no confidence in what they are saying so will buy foreign, even if they are more expensive, until I am satisfied that the Bahamian product is what they say it is.
On Standards essential to diversifying economy
Posted 30 October 2017, 11:30 p.m. Suggest removal