Is my interpretation of this correct? JDL receives the package and charges a fee of 20 cents/lbs to replicate the weight and dimensions of every single air freight parcel arriving in Nassau. And if freight forwarding companies don’t pay them they will detain third party shipments and revoke a business license?
… I say replicate because the freight forwarder performs this procedure at their receiving facilities in Florida
… one additional and unnecessary step and sweetheart deal increasing inflation in the Bahamas
… it look like a “new day” and “fresh breeze” for some but it’s the same old hot day and stink wind for we
Pike and da Snake dem gonna run through Island Grid's $130m capital raise quick quick.
... between da PLP Duty, Vat and Vat on Duty, UBP Arawak Port monopoly cost, da Snake gas, shrinkage, BEC, BPL and Pike management fees, shrinkage, incompetence we better pray ain no hurricane come.
... i count about a dozen ppl tryin to fix dis pole.
I feel sorry for this reporter. Any business license, national insurance, national health, town planning permits, Vat returns, drivers licenses, import customs duties, government contracts, real property taxes, bank accounts gonna get mess right up.
This is what the negro means by “I will walk out here and wait for you".
Y’all need to shut and pay ya taxes because we all touchable by dis set of ppl. You need to be foreign to get any crumbs in dis country.
The 15% corporate income tax will lead to a further flight of offshore businesses especially holding company IBCs, hedge funds, family offices, international booking centers, shipping and will lower the price for businesses already clamoring to leave the Bahamas like CIBC and Atlantis.
I would be shocked if the amount collected would surpasses $10 million but $140 million is pure fantasy. Everyone will now be jurisdiction shopping.
Competitors like the BVI are widely consulting all industry partners and have concluded that "one size does not fit all".
I hope Brave isn't depending on this to balance an already terribly unbalanced budget.
I truly doubt Atlantis makes any money to begin with. It is a capital play...always being sold on the basis of real estate values and inflation .... higher and higher until the bubble pops.
Think of it this way. If you had a spare $2 billion would you buy Atlantis and have to deal with BPL, Water and Sewerage, competition of a new cruise port on Paradise Island disrupting your beach, trade unions, staff with basic skill deficiencies, Cable/BTC, annually changing tax regimes, crime and traffic jams?
Major multi-nationals will be even more reluctant to do business in the Bahamas for fear of having to divulge their global finances to the Bahamas government. Once they see the financials of these mutli billion dollar global businesses they are gonna want to tax them like locals.
observer2 says...
Yes, we definitely should have a commission of inquiry but only after we complete the 2019 Dorian missing persons list for Abaco.
On ‘Absolute sham and shakedown’: Sarkis has $1.6bn Baha Mar win
Posted 21 October 2024, 1:55 p.m. Suggest removal
observer2 says...
Is my interpretation of this correct? JDL receives the package and charges a fee of 20 cents/lbs to replicate the weight and dimensions of every single air freight parcel arriving in Nassau. And if freight forwarding companies don’t pay them they will detain third party shipments and revoke a business license?
… I say replicate because the freight forwarder performs this procedure at their receiving facilities in Florida
… one additional and unnecessary step and sweetheart deal increasing inflation in the Bahamas
… it look like a “new day” and “fresh breeze” for some but it’s the same old hot day and stink wind for we
On Cargo company ‘threatening business licences’ of couriers
Posted 3 October 2024, 3 p.m. Suggest removal
observer2 says...
Look like to only ting left for we is to stay black, poor, ignorant and crime.
On Cargo company ‘threatening business licences’ of couriers
Posted 3 October 2024, 2:40 p.m. Suggest removal
observer2 says...
Pike and da Snake dem gonna run through Island Grid's $130m capital raise quick quick.
... between da PLP Duty, Vat and Vat on Duty, UBP Arawak Port monopoly cost, da Snake gas, shrinkage, BEC, BPL and Pike management fees, shrinkage, incompetence we better pray ain no hurricane come.
... i count about a dozen ppl tryin to fix dis pole.
On It’s a long hot weekend as power goes out
Posted 30 September 2024, 11:46 a.m. Suggest removal
observer2 says...
SunOil will soon have a monopoly in gasoline retail. As it has a monopoly in oil imports, electrical generation and the electrical grill.
Get ready for even higher electrical bills and gas prices. It will be gradual but certain.
Those who can afford to go solar need to start now. Including electrical cars plugged into your solar panels.
Unfortunately solar systems are costly and the monopolist and their facilitators know this.
On Petroleum retailing ‘dead end’ business
Posted 14 September 2024, 8:04 p.m. Suggest removal
observer2 says...
The government should be audited to the same standard they are forcing business with gross turnover above $5m.
Best practices mandates accrual accounting. Has done for centuries.
On Sands challenges Gov’t over ‘cooking the books’ on deficit
Posted 7 September 2024, 2:44 p.m. Suggest removal
observer2 says...
“…. expatriate workers will lead electrical upgrades"....
speaks volumes of how dumbed down we Bahamians have become.
we can’t even do electricity anymore
and reverse osmosis water plants run by foreigners are not working in some family islands.
the entire infrastructure, light, water, cable, schools, airports, banking, taxing, crime has failed.
On BLACKOUT: New Providence hit by power outage as generators trip
Posted 16 August 2024, 1:19 p.m. Suggest removal
observer2 says...
"People should know when they are conquered." Quintus. "Would you, Quintus? Would I?" Maximus.
From the movie Gladiator.
On Homeowner: They won’t Wynn ‘war of attrition’
Posted 13 June 2024, 11:08 a.m. Suggest removal
observer2 says...
I feel sorry for this reporter. Any business license, national insurance, national health, town planning permits, Vat returns, drivers licenses, import customs duties, government contracts, real property taxes, bank accounts gonna get mess right up.
This is what the negro means by “I will walk out here and wait for you".
Y’all need to shut and pay ya taxes because we all touchable by dis set of ppl. You need to be foreign to get any crumbs in dis country.
On FNM: Financial Secretary must apologize, go to anger management after row with reporter
Posted 30 May 2024, 4:22 p.m. Suggest removal
observer2 says...
Well written article.
The 15% corporate income tax will lead to a further flight of offshore businesses especially holding company IBCs, hedge funds, family offices, international booking centers, shipping and will lower the price for businesses already clamoring to leave the Bahamas like CIBC and Atlantis.
I would be shocked if the amount collected would surpasses $10 million but $140 million is pure fantasy. Everyone will now be jurisdiction shopping.
Competitors like the BVI are widely consulting all industry partners and have concluded that "one size does not fit all".
I hope Brave isn't depending on this to balance an already terribly unbalanced budget.
I truly doubt Atlantis makes any money to begin with. It is a capital play...always being sold on the basis of real estate values and inflation .... higher and higher until the bubble pops.
Think of it this way. If you had a spare $2 billion would you buy Atlantis and have to deal with BPL, Water and Sewerage, competition of a new cruise port on Paradise Island disrupting your beach, trade unions, staff with basic skill deficiencies, Cable/BTC, annually changing tax regimes, crime and traffic jams?
Major multi-nationals will be even more reluctant to do business in the Bahamas for fear of having to divulge their global finances to the Bahamas government. Once they see the financials of these mutli billion dollar global businesses they are gonna want to tax them like locals.
On EDITORIAL: Corporate income tax - pain or gain to come?
Posted 23 February 2024, 9:26 a.m. Suggest removal