So Biminites will just "Merge" their backsides over to the Branch in Freeport twice a week to stand in line for hours! Are they at least leaving an ATM behind? Not that they keep them filled anyway.....
No doubt don't want to be in a market where the money ain't worth the paper it is printed on. Unlike Bahamians they can walk away! They've been here for over 100 years making good profits to expatriate back to Canadian shareholders, no different than foreign hotel owners. All of that is over courtesy of visionless corrupt Governments too focussed on control and limiting economic freedom, channeling success to cronies. Should have been a country of Bahamian owned villas, marinas and Boutique hotels but no, We need Anchors around our necks!
Because the Government has no idea what Freeport has cost them! Government has been trying to drive up money spent to cause the Port to kick in the shortfall plus 25% per the H.C.A. clause, but still haven't justified it. Meanwhile looks like the port has passed the "Tax Ball" onto the Licensees. Crafty bastards. Still silence from above.......
The problem is the politically appointed "HCA Review Committee" which claims to have spoken to "numerous Licensees" of whom none can be identified. Added to the fact that the Licensees have ben thwarted in numerous attempts to organize, including the Government refusing to issue a certificate of incorporation for a licensees association via the registrars office, notwithstanding all requirements including payment being met. Note how many Lawyers Commute to Nassau weekly for work. Note how many Foreign second home owners are listing their properties, at greatly reduced pricing.
Love it when politicians get into business, and find out how fickle the economy can be, how difficult the Government can be, all at the hand of politicians! Karma's a *itch. As to Carnival, the private island/port lets them control the spending/earning, minimizes taxation and maximizes Government concessions. Again, Government has catered to and conceded to them everything they want. Too late for hard ball, your product is crap and they know it.
"Nero Fiddled while Rome Burned" A classic case of delusional Megalomania. The rest of them are just little"Gimme's" running around pocketing everything they can while the chief is busy riding in his cloud.
Of the three, real property tax, capital gains and income tax exemptions, only the first exists in the Bahamas, and not for Bahamians (only in Nassau on developed land), only Foreign land owners on developed or undeveloped land. So why are Bahamians being coerced into signing? There are too many open ended situations in this act. Open to more arbitrary Government stipulation and modification.
The_Oracle says...
So Biminites will just "Merge" their backsides over to the Branch in Freeport twice a week to stand in line for hours! Are they at least leaving an ATM behind? Not that they keep them filled anyway.....
On Concern RBC exit will drive ‘illegal banking’
Posted 3 March 2017, 9:50 p.m. Suggest removal
The_Oracle says...
No doubt don't want to be in a market where the money ain't worth the paper it is printed on.
Unlike Bahamians they can walk away!
They've been here for over 100 years making good profits to expatriate back to Canadian shareholders, no different than foreign hotel owners.
All of that is over courtesy of visionless corrupt Governments too focussed on control and limiting economic freedom, channeling success to cronies.
Should have been a country of Bahamian owned villas, marinas and Boutique hotels but no,
We need Anchors around our necks!
On Out Island ‘uproar’ over RBC closures
Posted 3 March 2017, 9:48 p.m. Suggest removal
The_Oracle says...
Can we now hear from the Exuma pig owners as to whether they bought feed from the GRAC?
Anyone else see the possibility?
On Farmers suffer in pig wipe-out from ‘bad feed’
Posted 3 March 2017, 9:21 p.m. Suggest removal
The_Oracle says...
Because the Government has no idea what Freeport has cost them!
Government has been trying to drive up money spent to cause the Port to kick in the shortfall plus 25% per the H.C.A. clause, but still haven't justified it.
Meanwhile looks like the port has passed the "Tax Ball" onto the Licensees.
Crafty bastards.
Still silence from above.......
On Save ‘dying Freeport’ via tax regime repeal
Posted 3 March 2017, 4:02 p.m. Suggest removal
The_Oracle says...
The problem is the politically appointed "HCA Review Committee" which claims to have spoken to "numerous Licensees" of whom none can be identified.
Added to the fact that the Licensees have ben thwarted in numerous attempts to organize,
including the Government refusing to issue a certificate of incorporation for a licensees association via the registrars office, notwithstanding all requirements including payment being met.
Note how many Lawyers Commute to Nassau weekly for work. Note how many Foreign second home owners are listing their properties, at greatly reduced pricing.
On Save ‘dying Freeport’ via tax regime repeal
Posted 2 March 2017, 7:23 p.m. Suggest removal
The_Oracle says...
More foreign owned second home going on the market every day,
always the first to leave.
Cut rate pricing too.
Devaluation begins.
On Realtor fearing ‘havoc’ on Freeport incentives
Posted 1 March 2017, 8:59 p.m. Suggest removal
The_Oracle says...
Love it when politicians get into business, and find out how fickle the economy can be, how difficult the Government can be, all at the hand of politicians!
Karma's a *itch.
As to Carnival, the private island/port lets them control the spending/earning, minimizes taxation and maximizes Government concessions.
Again, Government has catered to and conceded to them everything they want.
Too late for hard ball, your product is crap and they know it.
On Carnival cruise port’s ‘kiss of death’ for GB
Posted 1 March 2017, 8:55 p.m. Suggest removal
The_Oracle says...
"Nero Fiddled while Rome Burned"
A classic case of delusional Megalomania.
The rest of them are just little"Gimme's" running around pocketing everything they can while
the chief is busy riding in his cloud.
On PM ‘should resign’ after ‘foul’ gesture
Posted 1 March 2017, 10:28 a.m. Suggest removal
The_Oracle says...
Of the three, real property tax, capital gains and income tax exemptions,
only the first exists in the Bahamas, and not for Bahamians (only in Nassau on developed land), only Foreign land owners on developed or undeveloped land.
So why are Bahamians being coerced into signing?
There are too many open ended situations in this act.
Open to more arbitrary Government stipulation and modification.
On Chamber chief ‘can’t see’ Hawksbill Creek breach via ‘back door’
Posted 24 February 2017, 8:40 p.m. Suggest removal
The_Oracle says...
Is there not a prohibition against the Government using the RBDF in this Manner?
In the RBDF charter?
I'm sure this was a concern when it was created.
On Police uneasy at move to call in RBDF in crime fight
Posted 24 February 2017, 8:19 p.m. Suggest removal