The Business Editor, Neil Hartnell, wrote the following which appeared in the November 26, 2024 edition of The Tribune:

> The Attorney General yesterday confirmed that Shell’s Bahamian subsidiary, which generated $1.6bn in pre-tax profits in 2023, will be subject to 15 percent corporate income tax on those earnings in future.

>Ryan Pinder KC, in a messaged reply to Tribune Business inquiries, reiterated that imposition of the just-passed Domestic Minimum Top-Up Tax (DMTT) on the energy giant’s local affiliate - as well as other Bahamian entities that are part of major multinational groups - will generate “significant” and much-needed extra revenue for the hard-pressed Public Treasury.

>Speaking after it was revealed that Shell Western Supply and Trading paid nothing in direct taxes to the Bahamian government on those $1.6bn profits, he explained that the DMTT’s enactment will ensure this nation and its people now receive some benefit from these mammoth earnings.

>Tribune Business calculations show that the Public Treasury would have received close to $240m had the DMTT, which gives legal effect to the 15 percent corporate income tax, been in place to capture the Shell subsidiary’s 2023 profits. The $240m is higher than the Government’s own estimates for when the tax has been in place for a full year, with forecasts ranging from $140m to $200m.

As a integral part of this LNG terminal facility, our corrupt PM and his doofus AG have no doubt cut a most corrupt deal with Shell Oil's hugely profitable oil trading operation in The Bahamas (known as Shell Western Suppy & Trading or SWST) and various entities controlled by the evil and insatiably greedy Snake whereby the annual 15% Domestic Minimum Top-Up Tax (DMTT) our nation was expecting to receive from SWST will now be significantly reduced. This tax for 2023 would have amounted to $240 million based on SWST's profits for that year.

Yes indeed, corrupt deals are being cut here that will result in our nation's coffers being robbed of mega millions of dollars in annual taxes. Pockets are being lined here at great cost to the Bahamian people. Are the EU and OECD global tax regulators fully aware of what is going on here? Neil Hartnell should be asking the hard questions to the right people and avoid having way too many free lunches and dinners with the evil and insatiably greedy Snake.

zzzzzzzzzzzzzzz...........

Like @quavaduff above, you too can take comfort in knowing JFK Jr., as the new US Secretary of Health, has officially declared Trump Derangement Syndrome (TDS) to be a serious disease while encouraging big pharma to develop a vaccine for it.

Our bread and butter has for generations been tourists from our neighbour to the North with an electorate that recently overwhelming voted for President Trump. Yet you disagree with the large majority of US voters who obviously believe President Trump was wrongfully persecuted and victimized by a corrupt Biden administration that weaponized the DOJ and intelligence agencies against President Trump as the political opponent of Biden and then Harris. You're likely a shining example of why our nation is deservedly where it is today and where it will deservedly be tomorrow.

I hope you have a second passport because you're probably going to need one if most Bahamians sincerely think like you do because of the toxic anti-US and anti-Trump propaganda our corrupt politicians have been spewing for years now to please their evil ChiCom masters. But you can take comfort in knowing JFK Jr., as the new US Secretary of Health, has officially declared Trump Derangement Syndrome (TDS) to be a serious disease while encouraging big pharma to develop a vaccine for it.

This the same LNG transshipment storage terminal that the Bahamian people resoundingly rejected years ago as did the State of Florida because of grave safety and environmental concerns.

Are residents of Albany and Lyford Cay, and nearby commercial businesses, going to find that their annual insurance premiums soar because of the close proximity of this LNG terminal facility? If something goes horribly wrong, or the facility is subject to some sort of terrorist type attack, the devastating blast area from the explosion would likely be huge, possibly wiping out much of the western portion of New Providence Island.

Putting the significant safety issues aside, any such LNG joint venture with Shell North America should be directly with the government and ***NOT*** involve Focol which is the fuel company controlled by the very corrupt and insatiably greedy Franky Wilson, a/k/a Snake.

Effectively turning our nation's entire energy sector over to Snake, rather than partnering directly with Shell North America or one of its competitors, will be the single biggest mistake ever made by any government in the history of our country. Giving Snake such monopoly control over our nation's electrical power needs will undoubtedly have devastating consequences for reliable and affordable electricity in the years to come.

Just look at what happened to Puerto Rico's electrical power system in the hands of such a private monopoly.

And to think Wimpy Davis and Slimy Fwreddy Boy Mitchell thought they could continue cosying up to the ChiComs while bad mouthing the U.S. administration. The message being sent here by the U.S. government to all nations in the West Indian/Caribbean area could not be louder or clearer: ***Get the evil ChiComs out of your country and our back-yard, or pay a very dear price for not doing while you continue to cosy up to them.***

A fool and their money are easily parted.

Pintard and his fellow FNM parliamentarians have already let corrupt Davis sweep way too many controversial and very non-transparent deals under the rug, involving the crooked likes of Tony Ferguson, Snake, and their fellow greedy marauders who drool at the prospect of literally stealing everything they possibly can from the Bahamian people using so called Public-Private-Partnerships (PPPs).

These PPPs are designed to take away from the Bahamian people, for pennies on the dollar of true value, profitable national assets that are mismanaged by personnel appointed by our corrupt and incompetent elected politicians, like Davis and Cooper. And these same corrupt and incompetent politicians just so happen to be financially-backed by the thieving corrupt marauders who use PPPs as their modus operandi of choice for fleecing the Bahamian people.

The theft of our nation's main electrical generation and power grid system by a group of greedy marauders led by Tony Ferguson and Snake is another shining example of corrupt Davis participating in the fleecing of the Bahamian people by way of a PPP.

Is this the same LNG terminal facility that the Bahamian people resoundingly rejected years ago (as did Florida) because of grave safety and environmental concerns?

Are residents of Albany and Lyford Cay, and nearby commercial businesses, going to find that their annual insurance premiums soar because of the close proximity of this LNG terminal facility? If something goes horribly wrong, or the facility is subject to some sort of terrorist type attack, the devastating blast area from the explosion would likely be huge.

Is Shell North America behind this LNG facility with the help of their greedy and forever evil Snake in the background?

Is this the same LNG terminal facility that the Bahamian people resoundingly rejected years ago (as did Florida) because of grave safety and environmental concerns?

Are residents of Albany and Lyford Cay, and nearby commercial businesses, going to find that their annual insurance premiums soar because of the close proximity of this LNG terminal facility? If something goes horribly wrong, or the facility is subject to some sort of terrorist type attack, the devastating blast area from the explosion would likely be huge.

Is Shell North America behind this LNG facility with the help of their greedy and forever evil Snake in the background?