Good luck doing your ICO in the Bahamas with full support from local regulator, this whole financial game is completely rigged for startup. Save time and do your ICO in Malta :)

After few hours of anger to the VAT and gossip of rage with my friend all day long, I finally took the time this evening to read the Budget (117 pages) and honestly, I would like to thanks the government for their proposal and work. They took though the decision that won't make them popular, but the budget seems well balanced and makes sense. I hope they won't screw it by effectively delivering the promise to reduce the debt, and make the smart investment to push the country forward. But please, do deliver on your promise, don't make the situation worth, be frugal, and don't screw us with the next shot of new tax such as income tax, corporate tax, more duty, etc... You cross the fine line already, don't screw it. All the best!

Thanks, I was able to peruse the 117 page of the Bahamas 2018/2019 budget, and I have to admit that even though I'm not a fan of tax raise, it's inevitable and well balanced. I applause the government for this budget and hope they will be "Transparent" about how they handle this new income to reduce the debt and invest wisely what's left.

So now to buy or sell a house in Nassau the closing cost jump to 23.5% ?! (Stamp Duty: 2.5% + VAT: 12% + Legal Cost: 3% + Realtor Fee: 6%). I hope some good news will come tomorrow because this doesn't make sense for real estate market... Then what about Customs Duty, will you finally replace Custom Duty by VAT or we end up paying 45% + Shipping + 12% and basically paying the high price for our imported junk?