Government is interested in maximizing its revenues. It’s a lot easier for a company to reduce its income than to reduce its turnover on its financial statements.
"if they’re going to start adding taxes here I might as well be in the US.” Yep this is what some people don't understand, when there will be 15% corporate tax, there will really be no more reason to be here...
The UK government has refused to divulge any details about the first ever death of someone infected with the Omicron variant, leading one professor to assert that the person likely died with Omicron and not from it....
Cayman islands, no VAT, no income tax and almost no debt:
"Moody's expect Cayman's government debt will reach 9% of GDP in 2022"
In other words the problem in the Bahamas is with government spending and tax collection, adding more taxes as we have seen with VAT will just make the matter worse
Proguing says...
Interesting to see that accounts receivables from the Government are booked as "loss provisions"...
On Nassau airport loss up 8-fold to $37.4m
Posted 17 December 2021, 8:40 a.m. Suggest removal
Proguing says...
Government is interested in maximizing its revenues. It’s a lot easier for a company to reduce its income than to reduce its turnover on its financial statements.
On IMF and taxation
Posted 15 December 2021, 1:25 p.m. Suggest removal
Proguing says...
Good example of the "ease" of doing business in the Bahamas...
On Follow protocols and Carnival could just open
Posted 15 December 2021, 11:11 a.m. Suggest removal
Proguing says...
Sir, you are correct
On IMF and taxation
Posted 14 December 2021, 7:05 p.m. Suggest removal
Proguing says...
"if they’re going to start adding taxes here I might as well be in the US.” Yep this is what some people don't understand, when there will be 15% corporate tax, there will really be no more reason to be here...
On ‘We’re not taking VAT change sitting down’
Posted 14 December 2021, 6:57 p.m. Suggest removal
Proguing says...
The UK government has refused to divulge any details about the first ever death of someone infected with the Omicron variant, leading one professor to assert that the person likely died with Omicron and not from it....
On EDITORIAL: What will we do about the tidal wave that’s coming?
Posted 14 December 2021, 9:06 a.m. Suggest removal
Proguing says...
You don't think it has to do with better managing the affairs of their island?
On ‘Don’t let IMF drag us into income taxation’
Posted 13 December 2021, 2:57 p.m. Suggest removal
Proguing says...
How does that prevent us from using them as a model?
On ‘Don’t let IMF drag us into income taxation’
Posted 12 December 2021, 8:39 p.m. Suggest removal
Proguing says...
Yep this shows the consequences of independence...
On National debt just under economy’s size at 98.4%
Posted 12 December 2021, 8:37 p.m. Suggest removal
Proguing says...
Cayman islands, no VAT, no income tax and almost no debt:
"Moody's expect Cayman's government debt will reach 9% of GDP in 2022"
In other words the problem in the Bahamas is with government spending and tax collection, adding more taxes as we have seen with VAT will just make the matter worse
On ‘Don’t let IMF drag us into income taxation’
Posted 12 December 2021, 12:10 p.m. Suggest removal