Who is Suez? Looked it up on the internet and can't figure out where this company is based or who owns the company. Seems extreamly international and fluid.
Why is it when we want to buy planes for BahamasAir we go to Airbus Italy ($250m). Whey when want to buy fossel fuel power plants we go to Shell in the Netherlands ($100m), why when we want to defense for boats we go to Europe? Why is it when we want to borrow $600m we go to Credit Suisse in Switerland? Why are we dealing with these types of people when they have all black listed us and now cutoff our water?
Ok on the reverse side. Who come to our rescue during Dorian? America. Who comes to our rescue during Covid19 - America.
So, when it come to money going out we go to corrupt black listing Europe but when we are being wiped out by hurricanes and pandemics we look to America. When we need tourist we look to america.
Why can't we deal with America? The planes, boats, diesel/fossil generators and now essential water are all wrong for our islands but there must be something really nice about dealing with the Europeans and non transparent companies like Suez....wow! I never even heard about them and this contract before. They must have kept it on the down low.
America has a law called the Foreign Corrupt Practices act which stops American companies from paying kickbacks to foreigners.
C2B. You got it half right. Yes a 50% devaluation would occur but the rich Bahamians will get even wealthier because the bulk of their funds are in hard currencies safely in Europe.
Income tax on the wealthy will dramatically improve the governments finances, which seems to be the only thing Turnquest is worried about. The rich foriegners will simply give up their Bahamian permanent residencies and live here less than 3 months a year. We will get off the European black list for sheltering tax exiles.
The OECD was to see Bahamian IBCs pay tax not ppl. Anyone with any money has it in corporations. The tas residence certificate is a nonsense ... who Dey tryin to fool? Da oecd, lol.
If wealthy Bahamian ppl paid large amounts of taxes they would suddenly become more interested in governance Rather than leaving it up to the poor and uneducated and untraveled to govern.
Most poor ppl run for parliament to make a living or a massive amount of money through connections with foreign investors.
In canada they have just revoked the work permits of many maids who came in from other european countries.
Once that was done, numerous maid jobs paying $20 an hour were taken up by white canadian college students.
These were good paying jobs due to good government regulation.
foreigners love fillipiono worker because they work 18 hours a day 7 days a week for $250 plus room and board. that is slavery. no matter what the race.
FrustratedBusinessman. To drastically reduce our reliance of foreigners we can (1) convert to solar energy (Florida Power and Light now have an option to buy a portion of their solar fields to get all your power from solar. This would cut our oil bill in half (2) move to electric cars (3) make a real effort for agriculture (4) stop making school children having to wear cloths which need to be ironed (the iron uses the most electricity of any houshold appliance (5) we can put a freeze on massive gated communities and hotels which use up 80% of the energy and provide low paying jobs - well C19 got rid of them anyway (6) we can stop the cruise ships from polluting our oceans so we can expand our fishing industry.
There is lots we can do. It's just that the ppl in the ERC and the likes have us brain washed that foreigners are the saviours of poor black ppl.
TheMessenger. Why would they leave the Bahamas? they have already left Europe, Canada and the US with their billions which is shielded from Canadian capital gains tax (50%), US Cap gain tax (20%) and European Cap gains tax (30%). Bahamian capital gains tax (0%).
You can't build a country off of regressive VAT and customs duties....you need to tax billionaires. In any country 80% of the taxes are collected from 20% of the richest ppl. In the Bahamas poor ppl pay more taxes than the rich because there is no income tax.
That is why the bahamas is broke, will remain broke and the foreigners love it just the way it is. We have dumbed down our children for 50 years they don't even know they are dumb.
Look at the composition of the ERC? Where do these guys get their incomes from? They all have a vested interest in the status quo. Therefore none of their recommendations which were zeroxed from the PLP National Economic Plan are revolutionary.
By the time they tray to impliment any of it the PLP will be back in power...the first they will do is have another economic commission to figure out what to do.
By that time the bahamian dollar will be worth 50 cents.
The TRC is a worthless piece of paper that the OECD will see straight through.
Most foreigners don't keep their money or investments in Bahamian banks or brokerage houses.
They normally will have a Caymanian company which will then hold brokerage accounts elsewhere in the world.
The theory goes as follows (1) Live in the Bahamas (2) title your assets in Cayman and (3) bank in europe.
The TRC will be silent on the Cayman corps and european bank accounts.
Unless the foreigner wants the Bahamian government to know how many billions they have around the world. Turnquest will need to tax them once he figure out how much and where they are!
wake up bahamas....lets do some real industries like fish, farming, light manufacture, instead of trying to live off foreigners and tourist.
"the study found that in 2015 the Atlantis resort generated 10.6 percent of GDP and 9.3 percent of employment".
Ok, how much is Atlantis resort generating now? 0% of GDP....in fact its a net drain....they need to pay the staff their redundancy pay so they can get on with their lives.
Did the ERC report go into all the tax concessions and land donated to Baha Mar and Atlantis...on the backs of the poor Bahamians?
Did the ERC go into the sale of Atlantis in the leveraged buy out that Sol did and saddled the property with so much debt that can't even do renovations and the place is looking tired.
Then resold it to Brookfield .... I know Brookfield is crying in their beer that they didn't sell Atlantis when they had a good offer. Atlantis is cash flow negative, always was, always will be. Its a capital game of selling it forward to the next fool while getting freebees from Bahamains.
wake up bahamas...ya gettin swing again from rich foreigners and their puppets.
The ERC should be ashamed of themselves. All they talk about is foreigners this and foreigners that. There is nothing in this report for average Bahamian....but then again they never did have the best interest of the young man in Bain Town with no job, education or hope.
My position is still that the mega western gated communities, big box hotels are a net drain on society.
Who uses 90% of BEC's power and thus account for 90% of BEC's losses.
Who is utilizing massive amounts of low skilled foreign labor creating a massive drain on our educational, immigration and health care systems...included the big cay in Abaco?
Who "corrupted" successive governments so that there is no focus on the small man?
Who is destroying the wetlands for gated communities?
Who is digging for oil which will distroy our fishing zones?
Who is tearing up our sea beds, buying private islands, slicing off the most beautiful part of Eleuthera for a cruise ship port?
Who is living in a income tax free zone paying small amounts of regressive VAT and duties while making billions in the stock market?
Who is selling all of our sand and Bahamians are not making any money off of it except for a couple of UBPs. Watch what happens to the money when they strike all. None of it will trickle down to the poor.
ERC...please stop telling us that the foreigner is our savior.
observer2 says...
Ok bloggers lets get to work on this one.
Who is Suez? Looked it up on the internet and can't figure out where this company is based or who owns the company. Seems extreamly international and fluid.
Why is it when we want to buy planes for BahamasAir we go to Airbus Italy ($250m). Whey when want to buy fossel fuel power plants we go to Shell in the Netherlands ($100m), why when we want to defense for boats we go to Europe? Why is it when we want to borrow $600m we go to Credit Suisse in Switerland? Why are we dealing with these types of people when they have all black listed us and now cutoff our water?
Ok on the reverse side. Who come to our rescue during Dorian? America. Who comes to our rescue during Covid19 - America.
So, when it come to money going out we go to corrupt black listing Europe but when we are being wiped out by hurricanes and pandemics we look to America. When we need tourist we look to america.
Why can't we deal with America? The planes, boats, diesel/fossil generators and now essential water are all wrong for our islands but there must be something really nice about dealing with the Europeans and non transparent companies like Suez....wow! I never even heard about them and this contract before. They must have kept it on the down low.
America has a law called the Foreign Corrupt Practices act which stops American companies from paying kickbacks to foreigners.
On Supplier 'crossed line' on Eleuthera water shutdown
Posted 26 October 2020, 10:08 a.m. Suggest removal
observer2 says...
Well put Bonefish. “ Bahamians love politics and power but don't understand governance and management.”
Canada 🇨🇦 is a beautiful country and most educated young Bahamians that go there never return to the Bahamas if they can take the cold.
On Bahamas to eliminate abuse by tax dodgers
Posted 25 October 2020, 6:35 p.m. Suggest removal
observer2 says...
C2B. You got it half right. Yes a 50% devaluation would occur but the rich Bahamians will get even wealthier because the bulk of their funds are in hard currencies safely in Europe.
Income tax on the wealthy will dramatically improve the governments finances, which seems to be the only thing Turnquest is worried about. The rich foriegners will simply give up their Bahamian permanent residencies and live here less than 3 months a year. We will get off the European black list for sheltering tax exiles.
The OECD was to see Bahamian IBCs pay tax not ppl. Anyone with any money has it in corporations. The tas residence certificate is a nonsense ... who Dey tryin to fool? Da oecd, lol.
If wealthy Bahamian ppl paid large amounts of taxes they would suddenly become more interested in governance Rather than leaving it up to the poor and uneducated and untraveled to govern.
Most poor ppl run for parliament to make a living or a massive amount of money through connections with foreign investors.
They forget about over the hill once Dey reach.
On Lyford Cay wages equal $3k to all Nassau families
Posted 25 October 2020, 6:24 p.m. Suggest removal
observer2 says...
SP. I agree with you 100%.
In canada they have just revoked the work permits of many maids who came in from other european countries.
Once that was done, numerous maid jobs paying $20 an hour were taken up by white canadian college students.
These were good paying jobs due to good government regulation.
foreigners love fillipiono worker because they work 18 hours a day 7 days a week for $250 plus room and board. that is slavery. no matter what the race.
On Lyford Cay wages equal $3k to all Nassau families
Posted 25 October 2020, 12:01 p.m. Suggest removal
observer2 says...
FrustratedBusinessman. To drastically reduce our reliance of foreigners we can (1) convert to solar energy (Florida Power and Light now have an option to buy a portion of their solar fields to get all your power from solar. This would cut our oil bill in half (2) move to electric cars (3) make a real effort for agriculture (4) stop making school children having to wear cloths which need to be ironed (the iron uses the most electricity of any houshold appliance (5) we can put a freeze on massive gated communities and hotels which use up 80% of the energy and provide low paying jobs - well C19 got rid of them anyway (6) we can stop the cruise ships from polluting our oceans so we can expand our fishing industry.
There is lots we can do. It's just that the ppl in the ERC and the likes have us brain washed that foreigners are the saviours of poor black ppl.
by the way our leaders think the same thing.
On Lyford Cay wages equal $3k to all Nassau families
Posted 25 October 2020, 11:58 a.m. Suggest removal
observer2 says...
TheMessenger. Why would they leave the Bahamas? they have already left Europe, Canada and the US with their billions which is shielded from Canadian capital gains tax (50%), US Cap gain tax (20%) and European Cap gains tax (30%). Bahamian capital gains tax (0%).
You can't build a country off of regressive VAT and customs duties....you need to tax billionaires. In any country 80% of the taxes are collected from 20% of the richest ppl. In the Bahamas poor ppl pay more taxes than the rich because there is no income tax.
That is why the bahamas is broke, will remain broke and the foreigners love it just the way it is. We have dumbed down our children for 50 years they don't even know they are dumb.
Look at the composition of the ERC? Where do these guys get their incomes from? They all have a vested interest in the status quo. Therefore none of their recommendations which were zeroxed from the PLP National Economic Plan are revolutionary.
By the time they tray to impliment any of it the PLP will be back in power...the first they will do is have another economic commission to figure out what to do.
By that time the bahamian dollar will be worth 50 cents.
On Lyford Cay wages equal $3k to all Nassau families
Posted 25 October 2020, 11:47 a.m. Suggest removal
observer2 says...
The TRC is a worthless piece of paper that the OECD will see straight through.
Most foreigners don't keep their money or investments in Bahamian banks or brokerage houses.
They normally will have a Caymanian company which will then hold brokerage accounts elsewhere in the world.
The theory goes as follows (1) Live in the Bahamas (2) title your assets in Cayman and (3) bank in europe.
The TRC will be silent on the Cayman corps and european bank accounts.
Unless the foreigner wants the Bahamian government to know how many billions they have around the world. Turnquest will need to tax them once he figure out how much and where they are!
wake up bahamas....lets do some real industries like fish, farming, light manufacture, instead of trying to live off foreigners and tourist.
On Bahamas to eliminate abuse by tax dodgers
Posted 23 October 2020, 3:52 p.m. Suggest removal
observer2 says...
"the study found that in 2015 the Atlantis resort generated 10.6 percent of GDP and 9.3 percent of employment".
Ok, how much is Atlantis resort generating now? 0% of GDP....in fact its a net drain....they need to pay the staff their redundancy pay so they can get on with their lives.
Did the ERC report go into all the tax concessions and land donated to Baha Mar and Atlantis...on the backs of the poor Bahamians?
Did the ERC go into the sale of Atlantis in the leveraged buy out that Sol did and saddled the property with so much debt that can't even do renovations and the place is looking tired.
Then resold it to Brookfield .... I know Brookfield is crying in their beer that they didn't sell Atlantis when they had a good offer. Atlantis is cash flow negative, always was, always will be. Its a capital game of selling it forward to the next fool while getting freebees from Bahamains.
wake up bahamas...ya gettin swing again from rich foreigners and their puppets.
On Lyford Cay wages equal $3k to all Nassau families
Posted 23 October 2020, 3:01 p.m. Suggest removal
observer2 says...
Sheeprunner. The ERC says these other communities and islands don't count.
On Lyford Cay wages equal $3k to all Nassau families
Posted 23 October 2020, 2:57 p.m. Suggest removal
observer2 says...
The ERC should be ashamed of themselves. All they talk about is foreigners this and foreigners that. There is nothing in this report for average Bahamian....but then again they never did have the best interest of the young man in Bain Town with no job, education or hope.
My position is still that the mega western gated communities, big box hotels are a net drain on society.
Who uses 90% of BEC's power and thus account for 90% of BEC's losses.
Who is utilizing massive amounts of low skilled foreign labor creating a massive drain on our educational, immigration and health care systems...included the big cay in Abaco?
Who "corrupted" successive governments so that there is no focus on the small man?
Who is destroying the wetlands for gated communities?
Who is digging for oil which will distroy our fishing zones?
Who is tearing up our sea beds, buying private islands, slicing off the most beautiful part of Eleuthera for a cruise ship port?
Who is living in a income tax free zone paying small amounts of regressive VAT and duties while making billions in the stock market?
Who is selling all of our sand and Bahamians are not making any money off of it except for a couple of UBPs. Watch what happens to the money when they strike all. None of it will trickle down to the poor.
ERC...please stop telling us that the foreigner is our savior.
Bahamians need to save ourselves.
On Lyford Cay wages equal $3k to all Nassau families
Posted 23 October 2020, 2:52 p.m. Suggest removal