Question. Let's say I have one million B$ in my bank account. If we adopt the US$ as national currency, where is the US$ one million going to come from to replace my one million B$?
Trump wants a vaccine out asap, so that Americans can travel again to destinations like the Bahamas. So according to your logic Americans should not take the vaccine??? Every day that goes by with Americans being unable to travel to this country, takes us further down the hole. Not what I wish to see.
The financial crisis (and this is not a Bahamas only syndrome) is due to successive governments spending much more than they collected. It has nothing to do with whatever is a “regressive tax policy”.
There were two pillars of the offshore industry in the Bahamas. Banking secrecy and zero taxes. The first pillar is gone with the automatic exchange of information and the second one will probably go the same way, due to the constant attacks on this country. But who will want to incorporate an IBC here when corporate taxes will be levied? Oh, and by the way “high tax” jurisdictions usually started with “low taxes”, just like with VAT. As for the blacklistings they will continue, as long as we have an offshore sector and rich foreigners relocating here. Therefore, to capitulate after each backlisting is to incite more of the same, as we have seen over time.
Proguing says...
We better pray Trump prevails otherwise this country will be bankrupt by Spring 2021
On 65 new cases of COVID-19, two additional deaths
Posted 29 September 2020, 10:51 a.m. Suggest removal
Proguing says...
One thing the Bahamas does not want is an oil spill as Christmas 'present'
On Oil explorer targets pre-Christmas well
Posted 28 September 2020, 5:23 p.m. Suggest removal
Proguing says...
Question. Let's say I have one million B$ in my bank account. If we adopt the US$ as national currency, where is the US$ one million going to come from to replace my one million B$?
On Dollarisation must 'be on the table'
Posted 28 September 2020, 5:22 p.m. Suggest removal
Proguing says...
Typical ideology of the 21st Century, blaming others for your shortcomings
On Bahamian redneck culture
Posted 26 September 2020, 9:01 a.m. Suggest removal
Proguing says...
Exactly no oil was found, therefore no oil spill so far, and the only people who will make money in this venture are the executives of this company.
On Over 10,000 back anti-oil exploration petition
Posted 25 September 2020, 1:47 p.m. Suggest removal
Proguing says...
Trump wants a vaccine out asap, so that Americans can travel again to destinations like the Bahamas. So according to your logic Americans should not take the vaccine??? Every day that goes by with Americans being unable to travel to this country, takes us further down the hole. Not what I wish to see.
On Be opposite of Trump
Posted 25 September 2020, 10:28 a.m. Suggest removal
Proguing says...
The financial crisis (and this is not a Bahamas only syndrome) is due to successive governments spending much more than they collected. It has nothing to do with whatever is a “regressive tax policy”.
On Madness of extended visa
Posted 24 September 2020, 4:29 p.m. Suggest removal
Proguing says...
Not sure this is the best message to give to potential foreign investors...
On Another work permit warning
Posted 24 September 2020, 4:14 p.m. Suggest removal
Proguing says...
There were two pillars of the offshore industry in the Bahamas. Banking secrecy and zero taxes. The first pillar is gone with the automatic exchange of information and the second one will probably go the same way, due to the constant attacks on this country. But who will want to incorporate an IBC here when corporate taxes will be levied? Oh, and by the way “high tax” jurisdictions usually started with “low taxes”, just like with VAT. As for the blacklistings they will continue, as long as we have an offshore sector and rich foreigners relocating here. Therefore, to capitulate after each backlisting is to incite more of the same, as we have seen over time.
On Financial services needs 'swashbuckling' reforms
Posted 22 September 2020, 3:06 p.m. Suggest removal
Proguing says...
What about the government owned Grand Lucayan? Any plans of re-opening?
On 'Don't get hung up on October hotel return'
Posted 21 September 2020, 4:29 p.m. Suggest removal