KP and AG Carl are going in the right direction with the implementation of the Multinational Entities Financial Reporting Bill 2018.
Please, please don't let Smittie, Alfred and the rest of these guys who were responsible for getting us blacklisted in 2000 keep us blacklisted. We need to move quickly to get off this list before the EU puts tariffs on our lobster exports.
Haven't you guys made enough money from the offshore industry over the last half a century to retire?
Agreed Birdie. 700 acres of crown land will be transferred to Oban. Similar to how 10,000 acres of the most beautiful land in Mayaguana was transferred to the I Group...and now lost to the Bahamian people forever.
Atlantis/Kerzner, Albany/Lewis and Baha Mar/Izmirilian were all billionaires and proven developers before they invested in the Bahamas. Oban? In the Guardian today it claims that Drexel Hamilton is a bank and they have arranged their financing. Drexel Hamilton is not a bank and based on their website they seem to be a small sell side stock analyst firm with now experience in large capital raising. Hmmm......
Please...can the Tribune dig a little deeper into the financing and Trust beneficial ownership structure?
I really feel sorry for the 195 attendees who actually want this oil project to succeed because they are the ones being deceived. No matter what heads of agreement the government are signs this project will not go ahead because there are no financial backers and the project is owned by a blind trust. Its just a bunch of smoke and mirrors.
Based on the article in the link below every stage of oil production causes serious health problems which the people of Pinder's Point and Lewis Yard Grand Bahama are well aware of over the last half a century.
Why do you think the residence of Florida have rejected offshore oil drilling? Why do you think Oban wants to process low grade sulfur rich very high pollution fuels in a jurisdiction with zero expertise in oil regulation? Why does Oban with no clear financial backing and an opaque Trust structure with no real beneficial class want to deal with our government who are novices in large scale chemical plants and international transactions?
Why would the government of the Bahamas subject the people of East Grand Bahama to health hazards when our hospitals are stretched to the breaking point? Its like they don't care about people or the environment. Only the almighty US dollar.
sealice, the above statement Carl, is clear and concise and if implemented correctly will put us on the right path. However, I agree with you, through no fault of their own we are dealing with a medical doctor as head of state and a minister of finance who was a local business man.
They are simply outside of their depth. As with the Oban deal, they have no idea that they have no idea as to what to do. Just like Halkitas implementing VAT with no additional government checks and balances.
Neither of them ever did a global transaction before and probably didn't even know what a trust or IBC actually was before they came to power. They are on a steep learning curve.
At the end of the day, the billion or so dollars raised through the income tax will have no impact on the deficit or anything else for the matter.
observer2 says...
KP and AG Carl are going in the right direction with the implementation of the Multinational Entities Financial Reporting Bill 2018.
Please, please don't let Smittie, Alfred and the rest of these guys who were responsible for getting us blacklisted in 2000 keep us blacklisted. We need to move quickly to get off this list before the EU puts tariffs on our lobster exports.
Haven't you guys made enough money from the offshore industry over the last half a century to retire?
On Ex-finance chief: Don’t let the EU ‘trump’ our needs
Posted 23 March 2018, 5:26 p.m. Suggest removal
observer2 says...
"A people should know when they are conquered." Quintus Maximus.
On Ex-finance chief: Don’t let the EU ‘trump’ our needs
Posted 23 March 2018, 4:53 p.m. Suggest removal
observer2 says...
Agreed Birdie. 700 acres of crown land will be transferred to Oban. Similar to how 10,000 acres of the most beautiful land in Mayaguana was transferred to the I Group...and now lost to the Bahamian people forever.
https://www.bahamaslocal.com/newsitem/4…
On Dhunna defends Oban to split GB audience
Posted 23 March 2018, 4:14 p.m. Suggest removal
observer2 says...
Atlantis/Kerzner, Albany/Lewis and Baha Mar/Izmirilian were all billionaires and proven developers before they invested in the Bahamas. Oban? In the Guardian today it claims that Drexel Hamilton is a bank and they have arranged their financing. Drexel Hamilton is not a bank and based on their website they seem to be a small sell side stock analyst firm with now experience in large capital raising. Hmmm......
Please...can the Tribune dig a little deeper into the financing and Trust beneficial ownership structure?
On Dhunna defends Oban to split GB audience
Posted 23 March 2018, 4:09 p.m. Suggest removal
observer2 says...
...not really upset at all. just expressing my opinions.
On Dhunna defends Oban to split GB audience
Posted 23 March 2018, 4:04 p.m. Suggest removal
observer2 says...
suggest you chat with the residence of Pinder's Point and Lewis Yard on foul odors.
On Dhunna defends Oban to split GB audience
Posted 23 March 2018, 4:03 p.m. Suggest removal
observer2 says...
Well done KP!
Keep the forensic audits going. Once you expose systemic organized corruption within the public sector the funds saved will balance the budget.
On IMF – Your economy has turned the corner
Posted 23 March 2018, 11:08 a.m. Suggest removal
observer2 says...
I really feel sorry for the 195 attendees who actually want this oil project to succeed because they are the ones being deceived. No matter what heads of agreement the government are signs this project will not go ahead because there are no financial backers and the project is owned by a blind trust. Its just a bunch of smoke and mirrors.
On Dhunna defends Oban to split GB audience
Posted 23 March 2018, 10:50 a.m. Suggest removal
observer2 says...
Based on the article in the link below every stage of oil production causes serious health problems which the people of Pinder's Point and Lewis Yard Grand Bahama are well aware of over the last half a century.
Why do you think the residence of Florida have rejected offshore oil drilling? Why do you think Oban wants to process low grade sulfur rich very high pollution fuels in a jurisdiction with zero expertise in oil regulation? Why does Oban with no clear financial backing and an opaque Trust structure with no real beneficial class want to deal with our government who are novices in large scale chemical plants and international transactions?
Why would the government of the Bahamas subject the people of East Grand Bahama to health hazards when our hospitals are stretched to the breaking point? Its like they don't care about people or the environment. Only the almighty US dollar.
http://en.hesperian.org/hhg/A_Community…
On Dhunna defends Oban to split GB audience
Posted 23 March 2018, 10:45 a.m. Suggest removal
observer2 says...
sealice, the above statement Carl, is clear and concise and if implemented correctly will put us on the right path. However, I agree with you, through no fault of their own we are dealing with a medical doctor as head of state and a minister of finance who was a local business man.
They are simply outside of their depth. As with the Oban deal, they have no idea that they have no idea as to what to do. Just like Halkitas implementing VAT with no additional government checks and balances.
Neither of them ever did a global transaction before and probably didn't even know what a trust or IBC actually was before they came to power. They are on a steep learning curve.
At the end of the day, the billion or so dollars raised through the income tax will have no impact on the deficit or anything else for the matter.
Nothing will change.
On Corporate taxation on the way for Bahamas
Posted 22 March 2018, 5:02 p.m. Suggest removal