Hummm I don't remember them predicting 0 passengers for the past 14 months. The fact is cruises are not in fashion anymore and people want to take their vacations in a different way, like going to our Out Islands. Unfortunately when they will reach the beach like in Spanish Wells, they will find it flooded with cruise passengers.
“Accountants have warned new and/or increased taxes “have to come” if The Bahamas is to slash its near-$10bn debt”
Hummm we were told that we needed VAT to slash our debt, and what happened? Our debt exploded. In other words more taxes = more debt in this country. How about reducing expenses? How about balancing the budget? This is what we need to do. We cannot live beyond our means eternally.
Trump or another Republican will be President in four years and all this pressure will disappear. There is no way that we are going to let Biden impose his new tax regime to this country, otherwise might as well cancel Independence Day.
These real estate agents and attorneys need to start reading international news. Biden who wants to impose a new tax regime on the Bahamas has now proposed a retroactive increase on the capital gains tax:
So at least you could say that our government is not as reckless as the Biden government, since we don't have any retroactive taxes.
The best solution would be for real estate agents to lower their commission from 6% to 4% so that buyers would not be affected. In many countries real estate agents take only 2% and attorney fees are at 1%. So if you want the Bahamas to be competitive, start by reducing your fees. That would also make your argument more credible.
Proguing says...
Looks like plunder to me....
On Sport or slaughter?
Posted 7 June 2021, 11:42 a.m. Suggest removal
Proguing says...
Government refusing to accept the money it issues (which BTW is the only legal tender)? What is this?
On Criminal Records Office goes cashless
Posted 4 June 2021, 11:34 a.m. Suggest removal
Proguing says...
This writer sounds like a broken record. The only new thing in this letter is his defense of the numbers people.
On Taxing the rich? What a joke!
Posted 3 June 2021, 4:36 p.m. Suggest removal
Proguing says...
Hummm I don't remember them predicting 0 passengers for the past 14 months. The fact is cruises are not in fashion anymore and people want to take their vacations in a different way, like going to our Out Islands. Unfortunately when they will reach the beach like in Spanish Wells, they will find it flooded with cruise passengers.
On Royal Caribbean to triple Bahamas arrivals to 6m
Posted 2 June 2021, 2:37 p.m. Suggest removal
Proguing says...
They ensure foreign attorneys cannot practice in this country
On Attorney fails to overturn $640k loan ‘negligence’
Posted 2 June 2021, 9:25 a.m. Suggest removal
Proguing says...
“Accountants have warned new and/or increased taxes “have to come” if The Bahamas is to slash its near-$10bn debt”
Hummm we were told that we needed VAT to slash our debt, and what happened? Our debt exploded. In other words more taxes = more debt in this country. How about reducing expenses? How about balancing the budget? This is what we need to do. We cannot live beyond our means eternally.
On Tax increases ‘have to come’
Posted 31 May 2021, 10:21 a.m. Suggest removal
Proguing says...
Trump or another Republican will be President in four years and all this pressure will disappear. There is no way that we are going to let Biden impose his new tax regime to this country, otherwise might as well cancel Independence Day.
On Bahamas ‘can’t alter taxation on a dime’
Posted 28 May 2021, 5:01 p.m. Suggest removal
Proguing says...
These real estate agents and attorneys need to start reading international news. Biden who wants to impose a new tax regime on the Bahamas has now proposed a retroactive increase on the capital gains tax:
https://www.marketwatch.com/story/biden…
So at least you could say that our government is not as reckless as the Biden government, since we don't have any retroactive taxes.
The best solution would be for real estate agents to lower their commission from 6% to 4% so that buyers would not be affected. In many countries real estate agents take only 2% and attorney fees are at 1%. So if you want the Bahamas to be competitive, start by reducing your fees. That would also make your argument more credible.
On Govt urged to delay 12% VAT realty hike
Posted 28 May 2021, 4:51 p.m. Suggest removal
Proguing says...
You will soon be hearing tax, tax, tax...
On BUDGET: Debt on course to top $10 billion
Posted 27 May 2021, 3:33 p.m. Suggest removal
Proguing says...
Better late than never....
On Wells ‘almost certain’ Pfizer vaccine will be available this year in Bahamas
Posted 26 May 2021, 1:41 p.m. Suggest removal