"*The trio’s report also revealed that no financial statements, either audited or prepared, were available for FTX Digital Markets for its 2021 financial year despite the company having to meet mandatory deadlines for their filing with the regulators*
It will become extremely clear once this trial begins that this company had zero to minimum regulatory oversight. Again Im wondering if the SCB could be subject of a class action suit.
Is there anywhere in the world where a govt gets 50%? Or is the taxman once again just eyeballing how much they can squeeze based on formulas in an excel spreadheet with no real analysis. Anyway *the owner* already ask for their tings back
Thank you for that explanation. Unfortunately we'll most likely never know. They issue these "*all agencies have been informed*" noninformative press releases and thats the last we'll hear about it.
The transportation authority in the US takes these sea and air mishaps seriously and publishes full reports on the cause after investigations are conplete. Here information is swept under the rug.
**I do have a question for you**, the weather forecast yesterday warned that vessels should not venture out to sea due to rough weather, I vaguely remember a Nassau Guardian report of 9ft(?) above sea level which is something you might hear when a hurricane is approaching. do mailboats adhere to those warnings or are they targeted to smaller pleasure vehicles and fishing boats? And based on travel time would they have had enough warning of the weather? Third could the generator failure have been "unnatural" and due to damage in the rough seas? And based on how rough seas get between January and April what planning is there to ensure an adequate stock of food supplies on the islands?
How much does it cost? what happens when there's a hurricane? Even mild ones can reek havoc on agriculture. Id say 100% dependence on either alternative is probably a bad thing
"*also foreshadowed the collection of VAT on domestic vacation rental properties in the second half of this fiscal year.*
*Within the next four years, Mr Davis said his government also hopes to collect more than 75% of the property tax billed.*
*This, he said, will be a major boost to government revenues as less than 40 percent of real property tax is usually collected annually.*
Weird, I remember when Peter Turnwuest also predicted that if he increased the VAT rate/net, it would result in millions in increased in revenue. **The funny thing about raising prices is, the market can chose not to do the things that incur them**. I hope you dont kill the industry
The governance papers dont say the people in Lyford Cay have power either but one letter from them and pending tax law was shutdown faster than you could say *FTX was never regulated, its better in the Bahamas*. The power brokers dont always have formal structural power, aka "*the man behind the curtain*"
Ah yes, I'm specifically referring to how our candidates are chosen and the follow on effects. because it's the root cause of the result we get. That "political system". The whole non strategic mess that puts people who can't read, think or plan, and sometimes absent of one ethical bone in their body, to lead a nation. But maybe it's part and parcel of westminster...
ThisIsOurs says...
Im not implying that it would happen or that anyone has said theyre going to, Im wondering if it "could" happen "legally"
On FTX’s Bahamas cash shrank 76% in month before collapse
Posted 10 February 2023, 9:54 a.m. Suggest removal
ThisIsOurs says...
"*The trio’s report also revealed that no financial statements, either audited or prepared, were available for FTX Digital Markets for its 2021 financial year despite the company having to meet mandatory deadlines for their filing with the regulators*
It will become extremely clear once this trial begins that this company had zero to minimum regulatory oversight. Again Im wondering if the SCB could be subject of a class action suit.
On FTX’s Bahamas cash shrank 76% in month before collapse
Posted 10 February 2023, 9:19 a.m. Suggest removal
ThisIsOurs says...
Ah...that is seriously interesting. Rearranging puzzle pieces.Thank you
On Mailboat runs aground off Egg Island
Posted 10 February 2023, 7:59 a.m. Suggest removal
ThisIsOurs says...
Is there anywhere in the world where a govt gets 50%? Or is the taxman once again just eyeballing how much they can squeeze based on formulas in an excel spreadheet with no real analysis. Anyway *the owner* already ask for their tings back
On Gov’t to double its share of treasure
Posted 10 February 2023, 5:09 a.m. Suggest removal
ThisIsOurs says...
Thank you for that explanation. Unfortunately we'll most likely never know. They issue these "*all agencies have been informed*" noninformative press releases and thats the last we'll hear about it.
The transportation authority in the US takes these sea and air mishaps seriously and publishes full reports on the cause after investigations are conplete. Here information is swept under the rug.
**I do have a question for you**, the weather forecast yesterday warned that vessels should not venture out to sea due to rough weather, I vaguely remember a Nassau Guardian report of 9ft(?) above sea level which is something you might hear when a hurricane is approaching. do mailboats adhere to those warnings or are they targeted to smaller pleasure vehicles and fishing boats? And based on travel time would they have had enough warning of the weather? Third could the generator failure have been "unnatural" and due to damage in the rough seas? And based on how rough seas get between January and April what planning is there to ensure an adequate stock of food supplies on the islands?
On Mailboat runs aground off Egg Island
Posted 10 February 2023, 4:58 a.m. Suggest removal
ThisIsOurs says...
How much does it cost? what happens when there's a hurricane? Even mild ones can reek havoc on agriculture. Id say 100% dependence on either alternative is probably a bad thing
On ‘Stop fattening pockets’ of foreign food suppliers
Posted 8 February 2023, 9:15 p.m. Suggest removal
ThisIsOurs says...
"*also foreshadowed the collection of VAT on domestic vacation rental properties in the second half of this fiscal year.*
*Within the next four years, Mr Davis said his government also hopes to collect more than 75% of the property tax billed.*
*This, he said, will be a major boost to government revenues as less than 40 percent of real property tax is usually collected annually.*
Weird, I remember when Peter Turnwuest also predicted that if he increased the VAT rate/net, it would result in millions in increased in revenue. **The funny thing about raising prices is, the market can chose not to do the things that incur them**. I hope you dont kill the industry
On PM outlines six key fiscal strategies; hopes to double revenue collection
Posted 7 February 2023, 8:27 p.m. Suggest removal
ThisIsOurs says...
The governance papers dont say the people in Lyford Cay have power either but one letter from them and pending tax law was shutdown faster than you could say *FTX was never regulated, its better in the Bahamas*. The power brokers dont always have formal structural power, aka "*the man behind the curtain*"
But Im sure youre right. My apology.
On Death threats made against the Prime Minister
Posted 6 February 2023, 7:55 a.m. Suggest removal
ThisIsOurs says...
Youre right! and I was wrong. Thanks for the correction... the other stuff, as is.
On Families left homeless after shanty town blaze
Posted 6 February 2023, 7:43 a.m. Suggest removal
ThisIsOurs says...
Ah yes, I'm specifically referring to how our candidates are chosen and the follow on effects. because it's the root cause of the result we get. That "political system". The whole non strategic mess that puts people who can't read, think or plan, and sometimes absent of one ethical bone in their body, to lead a nation. But maybe it's part and parcel of westminster...
On Stop ‘squeezing blood from stone’ on taxation
Posted 6 February 2023, 12:49 a.m. Suggest removal