It funny that whenever we have any major contracts we have to go all the way to Europe or China or South America to find ppl to "do a deal with". Eg. Bahamasair planes/Europe, Defense Force Boats/Europe, BTC phones/china, debt deals/credit suisse. Black listing/Europe.
However when ever our asses are against the wall we pray for American help. Eg. Dorian/American Coast Guard, Covid/Good Samaritan Hospital.
Lets support American businesses....please don't forget where our tourist come from to fill up our Chinese hotels.
Certain businesses, especially unionized ones, have 2 additional silent partners who have no equity and therefore no incentive to ensure the profitability or long term viability of the business.
The Union and the Government and BPL (opps that’s 3).
Each one extracts astronomical amounts from the business and don’t give a damn if the business succeeds or fails.
The businesses get the government they deserve...they contribute heavily to both the PLP and FMM.
Porcupine. I agree with you that income tax is an important issue however without fiscal reform and accountability any additional revenue raised will have zero impact in improving the well being of anyone in the Bahamas.
Waste, corruption, little transparency, centralization, no loss of government jobs during the pandemic, massive debt, incompetence have not been addressed.
Raise the taxes until the rich leave. Then we will be another IMF basket case.
I don't know of any country where the IMF as invested that is not a basket case today....Argentina, Brazil, Mexico, Ecuador, South Africa, Ukraine etc etc.
Amused. I think the crooked IMF will lend us the $500m for the BEC rate bond so we can buy more outdated global warming fossil fuel and outdated generation plants from the corrupt Shell in Europe.
Elite professionals and entrenched business interest in the Bahamas stand to benefit for all the legal, financial, oil importation and construction work as monopolies remain fixed in the importation of oil, the generation of power, the virtual shut out of renewable energies and the constant downgrading of the Bahamas into junk bond territory.
Why should government care? By curtailing the export of US dollars by average Bahamains they are now flush with US$2 billion in reserves....ready to wire out to their European business partners.
Turnquest always saying how bad things are but I ain see him take any pay cut.
Please keep this Hotline Operational long after Covid 19 is finished.
Before the lock down and during the lock down parties taking place at all of the night at Air B&B's out west. In some instances the Air B&B's are turned into illegal night clubs because of pattern behaviour.
This has quieted down because I guess they fear that the neighbours will call the confidential hotline and they will be fined.
Once Covid 19 is gone these parties will start up again.
The financial incentive is big because they can run a "night club" with no business license, no health certificate, no VAT taxes, no business license, no nothing. Foreigners and Bahamian a like are taking advantage of this big loophole in regulation.
It also competes with well regulated hotels that are financially strained at the moment because of closure.
These Airb&b's put zero into the economy because the foreigners keep the profits out of the country and only hire work permit housekeepers.
So keep the hotline up. Its sad that the police has to be put in the role of regulators.
observer2 says...
It funny that whenever we have any major contracts we have to go all the way to Europe or China or South America to find ppl to "do a deal with". Eg. Bahamasair planes/Europe, Defense Force Boats/Europe, BTC phones/china, debt deals/credit suisse. Black listing/Europe.
However when ever our asses are against the wall we pray for American help. Eg. Dorian/American Coast Guard, Covid/Good Samaritan Hospital.
Lets support American businesses....please don't forget where our tourist come from to fill up our Chinese hotels.
On ‘U.S. playing dirty with spy claims’
Posted 17 December 2020, 12:42 p.m. Suggest removal
observer2 says...
Certain businesses, especially unionized ones, have 2 additional silent partners who have no equity and therefore no incentive to ensure the profitability or long term viability of the business.
The Union and the Government and BPL (opps that’s 3).
Each one extracts astronomical amounts from the business and don’t give a damn if the business succeeds or fails.
The businesses get the government they deserve...they contribute heavily to both the PLP and FMM.
On KFC franchise faces 'total survival mode'
Posted 14 December 2020, 11:34 a.m. Suggest removal
observer2 says...
All governments say they will not default....before they default.
On Sovereign default 'outside the realm' of fiscal possibility
Posted 7 December 2020, 6:30 p.m. Suggest removal
observer2 says...
he gone
On Governor warns on future tax increases
Posted 7 December 2020, 6:28 p.m. Suggest removal
observer2 says...
Porcupine. I agree with you that income tax is an important issue however without fiscal reform and accountability any additional revenue raised will have zero impact in improving the well being of anyone in the Bahamas.
Waste, corruption, little transparency, centralization, no loss of government jobs during the pandemic, massive debt, incompetence have not been addressed.
Raise the taxes until the rich leave. Then we will be another IMF basket case.
I don't know of any country where the IMF as invested that is not a basket case today....Argentina, Brazil, Mexico, Ecuador, South Africa, Ukraine etc etc.
We are definitely next in line for default.
On 'No escaping' tax hikes as IMF pushes income levy
Posted 4 December 2020, 11:05 a.m. Suggest removal
observer2 says...
Amused. I think the crooked IMF will lend us the $500m for the BEC rate bond so we can buy more outdated global warming fossil fuel and outdated generation plants from the corrupt Shell in Europe.
Elite professionals and entrenched business interest in the Bahamas stand to benefit for all the legal, financial, oil importation and construction work as monopolies remain fixed in the importation of oil, the generation of power, the virtual shut out of renewable energies and the constant downgrading of the Bahamas into junk bond territory.
Why should government care? By curtailing the export of US dollars by average Bahamains they are now flush with US$2 billion in reserves....ready to wire out to their European business partners.
Turnquest always saying how bad things are but I ain see him take any pay cut.
On ‘Lords of Doom’ contractors put on staff
Posted 16 November 2020, 10:41 a.m. Suggest removal
observer2 says...
more wetlands distroyed...no more breeding grounds for fish.
oil will choke the dolphines
On 'Hidden agendas' are slammed over $580m 'gold mine'
Posted 13 November 2020, 6:44 p.m. Suggest removal
observer2 says...
Cisco is a north based company.
I thought the government normally got less transparent European or Chinesse companies for these big time contracts.
But when hurricane and covid come we run to the north for help.
How ungrateful.
On Gov't pivots to Cisco MOU on technology hub
Posted 13 November 2020, 6:42 p.m. Suggest removal
observer2 says...
Dear Dr. Minnis
Please keep this Hotline Operational long after Covid 19 is finished.
Before the lock down and during the lock down parties taking place at all of the night at Air B&B's out west. In some instances the Air B&B's are turned into illegal night clubs because of pattern behaviour.
This has quieted down because I guess they fear that the neighbours will call the confidential hotline and they will be fined.
Once Covid 19 is gone these parties will start up again.
The financial incentive is big because they can run a "night club" with no business license, no health certificate, no VAT taxes, no business license, no nothing. Foreigners and Bahamian a like are taking advantage of this big loophole in regulation.
It also competes with well regulated hotels that are financially strained at the moment because of closure.
These Airb&b's put zero into the economy because the foreigners keep the profits out of the country and only hire work permit housekeepers.
So keep the hotline up. Its sad that the police has to be put in the role of regulators.
On Nightclub and guests fined for breaches
Posted 13 November 2020, 9:03 a.m. Suggest removal
observer2 says...
she should run for Prime Minister....the only person who speaks with great clarity.
On Retailers to hit 'point of no return' this week
Posted 4 November 2020, 7:21 p.m. Suggest removal