All the black lists the Bahamas was put on were initiated under Democrat presidencies. Under Clinton we had to sign automatic of exchange upon demand. As I said your love for the old man is blinding you completely.
With Biden's 21% corporate tax, I doubt Gunvor will remain very long in the Bahamas. Considering the the company is paying USD 10,000 monthly housing rent for its employees, several Bahamians will be left with an overpriced piece of real estate that they cannot rent out anymore.
The same way Obama did with exchange of information and as mentioned above the US did not even participate in the program. This would have never happened with Trump.
If Biden forces the whole world to have a 21% tax, yes he is to blame. Your love for the old man is blinding you. Obama did the same with automatic of exchange of information, except that the US was the only country not to participate.
Firstly, don't you think that Bahamians should decide on our tax matters and not Biden? Secondly many foreign companies come here because there are no corporate taxes, just like many banking clients came here for the banking secrecy. We already lost many banks, now whatever is left will leave. Why would someone set-up a company in the Bahamas once it is taxed at 21%? You can say goodbye to all the IBCs. Some people who hold property through companies will soon be shocked to learn they have to pay 21% tax on any gain when they sell. The consequences of this will be catastrophic.
"Janet Yellen, the US treasury secretary, last week pushed for a minimum global corporate tax rate of 21 percent - something that would represent a giant, potentially unsustainable leap for nations such as The Bahamas" and to think that some Bahamians were stupid enough to support Biden. The blacklists are not far off and once again the Bahamas will have to capitulate to these threats and to get rid of the last advantage that we have over our competitors.
Proguing says...
All the black lists the Bahamas was put on were initiated under Democrat presidencies. Under Clinton we had to sign automatic of exchange upon demand. As I said your love for the old man is blinding you completely.
On ‘Naive to think we’ll stay zero tax nation’
Posted 13 April 2021, 6:22 p.m. Suggest removal
Proguing says...
With Biden's 21% corporate tax, I doubt Gunvor will remain very long in the Bahamas. Considering the the company is paying USD 10,000 monthly housing rent for its employees, several Bahamians will be left with an overpriced piece of real estate that they cannot rent out anymore.
On Lyford Cay broker in $22m bribery scheme
Posted 13 April 2021, 6:16 p.m. Suggest removal
Proguing says...
The same way Obama did with exchange of information and as mentioned above the US did not even participate in the program. This would have never happened with Trump.
On ‘Naive to think we’ll stay zero tax nation’
Posted 13 April 2021, 5:37 p.m. Suggest removal
Proguing says...
If Biden forces the whole world to have a 21% tax, yes he is to blame. Your love for the old man is blinding you. Obama did the same with automatic of exchange of information, except that the US was the only country not to participate.
On ‘Naive to think we’ll stay zero tax nation’
Posted 13 April 2021, 5:33 p.m. Suggest removal
Proguing says...
Firstly, don't you think that Bahamians should decide on our tax matters and not Biden? Secondly many foreign companies come here because there are no corporate taxes, just like many banking clients came here for the banking secrecy. We already lost many banks, now whatever is left will leave. Why would someone set-up a company in the Bahamas once it is taxed at 21%? You can say goodbye to all the IBCs. Some people who hold property through companies will soon be shocked to learn they have to pay 21% tax on any gain when they sell. The consequences of this will be catastrophic.
On ‘Naive to think we’ll stay zero tax nation’
Posted 13 April 2021, 4:28 p.m. Suggest removal
Proguing says...
"Janet Yellen, the US treasury secretary, last week pushed for a minimum global corporate tax rate of 21 percent - something that would represent a giant, potentially unsustainable leap for nations such as The Bahamas" and to think that some Bahamians were stupid enough to support Biden. The blacklists are not far off and once again the Bahamas will have to capitulate to these threats and to get rid of the last advantage that we have over our competitors.
On ‘Naive to think we’ll stay zero tax nation’
Posted 13 April 2021, 3:57 p.m. Suggest removal
Proguing says...
At least it would make sense if he was going to win...
On PM says supporters socially distanced during canvassing of St Anne’s constituency
Posted 13 April 2021, 1:30 p.m. Suggest removal
Proguing says...
What is the percentage outside of their private island and private beach?
On Disney in 75 percent fleet visit promise to The Bahamas
Posted 12 April 2021, 2:49 p.m. Suggest removal
Proguing says...
Of course, thanks to Covid they are able to have cruises to Harbour island. But the people of Harbour island think otherwise.
On Crystal Cruises Exec: ‘Brighter days’ ahead
Posted 12 April 2021, 2:47 p.m. Suggest removal
Proguing says...
We can't build a cruise home port facility and when things are back to normal they all go back to the USA.
On Financier: Cruise port upgrade not enough for home porting
Posted 12 April 2021, 2:44 p.m. Suggest removal