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 I think the crooked IMF will lend us the $500m for the BEC rate bond so we can buy more outdated global warming fossil fuel and outdated generation plants from the corrupt Shell in Europe.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.
This is because the Port is run by the Bay St. boys even though its 50% owned by the government.
Ohhh, it also has a monopoly and is quasi subsidized by the government (capital injection).
I really feel the government should own the port so the profits can trickle down to over the hill ppl.
Once the PLP gets back and we fully turn the port over to the government then it can start making money like Water and Sewerage, BEC, Batelco, NAD, Bank of the Bahamas, Bahamas Development Bank, Post Office etc.
This will allow Turnquest to borrow more money at 9% to pay salaries.
Great to keep curb side....look how we are controlling the virus.
First he is building an airport in Long Island, next he is bringing water to middle Long Island, then he is expropriating privately owned reverse osmosis plants on a number of islands, then he is forcing reverse osmosis plants to produce water without cash or profits, now he is singlehandedly building a solar energy plant in Abaco, then he gonna stop Scotia Bank from leaving long island and the other islands.
This is all gonna end really badly for the Bahamian people.
I bet you buy the time the FNM is finished in 2022 many island will be fully struggling with basic services such as light, water, airlift, banking which will probably move on to shipping. We better be careful before people start starving.
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
observer2 says...
the government needs to hire more ppl so they can get paid
On Port profits off 34% amid signs of grim retail Xmas
Posted 3 November 2020, 9:06 a.m. Suggest removal
observer2 says...
$7.3m is a lot of profits.
This is because the Port is run by the Bay St. boys even though its 50% owned by the government.
Ohhh, it also has a monopoly and is quasi subsidized by the government (capital injection).
I really feel the government should own the port so the profits can trickle down to over the hill ppl.
Once the PLP gets back and we fully turn the port over to the government then it can start making money like Water and Sewerage, BEC, Batelco, NAD, Bank of the Bahamas, Bahamas Development Bank, Post Office etc.
This will allow Turnquest to borrow more money at 9% to pay salaries.
Great to keep curb side....look how we are controlling the virus.
On Port profits off 34% amid signs of grim retail Xmas
Posted 3 November 2020, 9:05 a.m. Suggest removal
observer2 says...
Adrian must be Superman!
First he is building an airport in Long Island, next he is bringing water to middle Long Island, then he is expropriating privately owned reverse osmosis plants on a number of islands, then he is forcing reverse osmosis plants to produce water without cash or profits, now he is singlehandedly building a solar energy plant in Abaco, then he gonna stop Scotia Bank from leaving long island and the other islands.
This is all gonna end really badly for the Bahamian people.
I bet you buy the time the FNM is finished in 2022 many island will be fully struggling with basic services such as light, water, airlift, banking which will probably move on to shipping. We better be careful before people start starving.
On Water Corp's $2.5m solar outlay to drive sustainable rebuild
Posted 30 October 2020, 5:41 a.m. Suggest removal