The FNM will lose the coming elections they are so eager to call because they increased VAT. You increase taxes, you lose the next election, it's as simple as that.
Can I claim 50% return on my property taxes already paid? Or are we only rewarding delinquent taxpayers? Won’t this make compliance with paying taxes even worse, as more as people will now be waiting for tax amnesties to pay their taxes?
So, we know an election is coming with all these giveaways, which will be followed by a sharp increase in taxes. Does this make any sense?
And why have an election in the middle of a pandemic? Why not wait next year when everyone will have been vaccinated? How many Bahamians will catch Covid at campaign rallies and during the voting process?
Over one third of the total workforce are public sector employees in the Bahamas, vs 10% for Bermuda,13% in the Dominican Republic and 22% for Barbados. How did we get to such a high level?
I have not read so much nonsense for a while. Do we really want to scare away rich foreigners and investors with all this income tax talk? The Bahamas has been a magnet for the rich for many years, do we really want to end this?
This is a good example that people pushing for income tax have no clue what they are talking about. Had Izmirlian been successful with Baha Mar (the largest foreign investment on New Providence island’s history), he would not be paying taxes in another country as claimed here, he is a resident of Lyford Cay and thus fall under the Bahamian tax regime. If we had income tax he would most likely have chosen another place for his residence.
The Bahamas was one of the few countries to have banking secrecy. We gave up this advantage and we are now on equal footing with other countries. The result is that most offshore banks have left this jurisdiction. Now you want us to give up one the last thing that makes the Bahamas attractive on the map? Do you really want this country to be the next Haiti?
The problems that we need to fix are:
1. Low compliance with tax collection
2. Over bloated civil service and government waste
Just as an example, the Bahamas has over a third of its work force employed in the public sector vs 12.9% in Germany and 13.3% in the USA. If you want the Bahamas to be like other developed countries, you should be pushing for major cuts in civil servants.
Proguing says...
The problem with the Melia is that it is an old hotel that never made any money.
On Union’s legal threat targets two resorts
Posted 5 March 2021, 3:33 p.m. Suggest removal
Proguing says...
Thank god for India!
On UPDATED: Vaccine arrival delayed until Wednesday
Posted 5 March 2021, 3:31 p.m. Suggest removal
Proguing says...
Just as predicted by George Orwell in 1949
On Facial recognition technology now in place at airport
Posted 5 March 2021, 1:57 p.m. Suggest removal
Proguing says...
The FNM will lose the coming elections they are so eager to call because they increased VAT. You increase taxes, you lose the next election, it's as simple as that.
On Taxpayers paid the most
Posted 5 March 2021, 8:49 a.m. Suggest removal
Proguing says...
Hummm then why do your PLP buddies avoid his name like the plague and reject his daughter on the base of her name?
On ‘NO PINDLING ON THE TICKET’: Former PM's daughter says PLP leaders feared ‘negativity’ of his record
Posted 3 March 2021, 2:09 p.m. Suggest removal
Proguing says...
Can I claim 50% return on my property taxes already paid? Or are we only rewarding delinquent taxpayers? Won’t this make compliance with paying taxes even worse, as more as people will now be waiting for tax amnesties to pay their taxes?
So, we know an election is coming with all these giveaways, which will be followed by a sharp increase in taxes. Does this make any sense?
And why have an election in the middle of a pandemic? Why not wait next year when everyone will have been vaccinated? How many Bahamians will catch Covid at campaign rallies and during the voting process?
On 50% PROPERTY TAX AMNESTY: Huge incentive to persuade families to wipe out arrears
Posted 2 March 2021, 1:17 p.m. Suggest removal
Proguing says...
Over one third of the total workforce are public sector employees in the Bahamas, vs 10% for Bermuda,13% in the Dominican Republic and 22% for Barbados. How did we get to such a high level?
On ‘Don’t fall into tax reform trap’
Posted 1 March 2021, 5:26 p.m. Suggest removal
Proguing says...
Good one!
On $141m deficit increase ‘a tremendous warning’
Posted 26 February 2021, 10:15 a.m. Suggest removal
Proguing says...
The Bahamas has over a third of its work force employed in the public sector vs 12.9% in Germany and 13.3% in the USA.
Think about that for a minute....
On $141m deficit increase ‘a tremendous warning’
Posted 26 February 2021, 9:40 a.m. Suggest removal
Proguing says...
I have not read so much nonsense for a while. Do we really want to scare away rich foreigners and investors with all this income tax talk? The Bahamas has been a magnet for the rich for many years, do we really want to end this?
This is a good example that people pushing for income tax have no clue what they are talking about. Had Izmirlian been successful with Baha Mar (the largest foreign investment on New Providence island’s history), he would not be paying taxes in another country as claimed here, he is a resident of Lyford Cay and thus fall under the Bahamian tax regime. If we had income tax he would most likely have chosen another place for his residence.
The Bahamas was one of the few countries to have banking secrecy. We gave up this advantage and we are now on equal footing with other countries. The result is that most offshore banks have left this jurisdiction. Now you want us to give up one the last thing that makes the Bahamas attractive on the map? Do you really want this country to be the next Haiti?
The problems that we need to fix are:
1. Low compliance with tax collection
2. Over bloated civil service and government waste
Just as an example, the Bahamas has over a third of its work force employed in the public sector vs 12.9% in Germany and 13.3% in the USA. If you want the Bahamas to be like other developed countries, you should be pushing for major cuts in civil servants.
On Why we need income tax
Posted 25 February 2021, 5:48 p.m. Suggest removal