Please send the E&Y forensic team that is currently at BPL into the BoB and Resolve.

boy you ain know da registry ain computerize. we don't even know where da crown land is and who it was given to. alot a records done distroy

das right Tal, dey should go in and say dey can't budget because dey ain know da bills outstanding, dey ain read the Baha Mar deal ($100 million borrowed from chine ta pay employees and contractors), dey ain know how much get tief from BEC, now up to $3 million. If I was KP i would say I ain know nuttin because dey accounts are a absolute mess. I ain even talk bout Resolve (aka BoB) and how much NI gat on deposit at BoB, and if dey ga get pay bay to pay ma montly pension.

We goin to junk by September. I get swing bad, i tought it was "our time". Look like it "you know who's time".

he gettin like da last one, Christie, erry night ga sumtin ta say but da lights dem still go off.

yeah, he running all over da play but D'Agular and da next one getting duty free commercial washing machines and low low business license fees on dey big big business.

i ain see nuttin in dis fa me.

Comrade Tal, boy you on point. All da foreigners dem gets ta keep dey foreign lands dat day ain use (don't forget 8,000 for III foreigner in mayaguana) and us poor, black illiterate people get one acre a scrub lands wit no light or water and dis UBP ga take it from we after we just vote for dem fa da first time since 1956. Boy we get swing bad bad.

Tomorrow sumtin else ga happin and yinna ga be so mad bout dat yinna ga forget bout da power outtage and da tree millions dat just get tief.

Minnie gonna investigate dis just like he investigate da tree million dat vanish from BEC.

Ain nuttin ga happen. Y'all get swing. New government but same incompetence.

The Baha Mar agreements need to remain secret under the courts as it will be clear that the Chinese lent the Bahamas $100 million to pay off the Bahamian employees and contractors.

FNM need to increase the borrowing by $100 to $833 million. Ok, let's round it to $1 billion.

More unrecorded liabilities and ncompetent accounting by the government which is a big negative to international rating agencies.

I predict a junk rating by September. Which will increase collateral calls buried deep in government stupid loan agreements from $70 million to $500 million.

= government default by end of this year.

= get your money out of the country before the devaluation. A devaluation and debt default is needed to reduce the government debt and correct or balance of payments,

Some internal control recommendations

1. Stop accepting cash. The temptation for fraud is far too high for most people. Imagine you are a billionaire coming in on your private jet and clear your $50,000 customs bill in cash...wow. That's a lot of temptation for anyone.
2. If you like cash, as it seem you really do. Then deposit all cash in the bank every night as most businesses do. Do not keep cash on the premises. It becomes a target for thieves.
3. Utilize a security monitoring company that will report immediately the loss of video communication to the police. Also, use wireless motoring systems so when the phone line is cut you don't loose all your videos immediately. How is it possible for a massive robbery like this to take place and no body sees anything until the next morning?
4. Install safes in a poured concrete and steel reinforced encasement. As most banks do.
5. Utilize 24 hour live security guards. Most commercial bank buildings have 24 live security
6. Computerize your records so that hand written files are not as critical to your operation

Tax simplification

1. Merge VAT with Customs duties to simplify the customs clearance process
2. Have one single rate of duty on all items. Similar to the one VAT rate (this will stop the perceived abuse of privilege for those fortunate enough to be importing commercial washing machines, aircraft parts, selling locally manufactured paint and large companies getting a windfall on business license reductions...the all for me baby set.
3. Eliminate the business license fee by merging it in the VAT rate and making it a flat rate of $1,000 regardless of the size of the business.
4. Enforce the payment of VAT and customs duties on all large foreign investors. Please stop exempting billionaires from paying taxes. It just looks bad to the poor people in Bain Town who just got their tax free economic zone delayed because the government is "broke"?
5. Please stop charging VAT on Customs duties. It is a double tax on the poor. Is it truly the peoples" time to just get further ripped off by the FNM? I mussy get swing.
6. Please stop changing your customs clearance rules. Mention Bahamas Customs to any US shipper or freight forwarder and they just roll their eyes and tell you "good luck with that".
7. Please allow Bahamian Businessmen to have US Dollar bank accounts in the Bahamas or in Florida to stop them being ripped of by large billionaire Canadian Bank charging draconian FX charge (0.5% which goes to the bank for doing nothing), VAT on the FX charge and nasty wire transfer fees which can be up to 3% of the value of the shipment, and VAT on the wire transfer fee. Once the Canadian banks collect hundreds of millions in profits over the decades from ripping off Bahamians they just dividend the profits out of the country and invest absolutely nothing in staff or technology. Have you been in a Canadian bank recently and waited in line? "Good luck with that".