With 12 percent value-added tax (VAT) now a reality, we are facing a new normal.
The Minnis administration, already suffering from eroded trust and a devaluation of political currency, experienced a further loss of goodwill since the tax hike was announced in Parliament 35 days ago.
Opposition Leader Philip Brave Davis has blamed “FNM mismanagement” and “greed in just 13 short months of governing” on the Minnis administration’s decision to “over tax” the Bahamian people.
While the increase in value-added tax (VAT) from 7.5 percent to 12 percent has been roundly questioned
For quite some time now I’ve been having a rather difficult time with my eyes as I was diagnosed with AMD Age-related Macular Degeneration quite a few years ago. Understandably at the time of my diagnosis of AMD I was told quite bluntly, that there
Deputy Prime Minister and Minister of Finance Peter Turnquest said yesterday that the transition to 12 percent value-added tax (VAT) has been “so far so good”, with just a few hiccups.
Turnquest said while the government is fairly pleased that the experience seems to be going
The Central Bank of The Bahamas (CBOB) in its Monthly Economic and Financial Developments (MEFD) report for May 2018 is predicting accelerated domestic inflation, a change from the “subdued” outlook position it previously held in April.
“Given the context of elevated energy prices, along with potential
Telecommunications company Aliv celebrated its two-year anniversary Monday evening after completing its network buildout throughout The Bahamas and securing 30 percent of the mobile market, according to Chief Aliv Officer Damian Blackburn.
He said Aliv's corporate team, which has only operated for 15 months of the
According to Minister of Tourism and Aviation Dionisio D’Aguilar, there are no concerns that The Bahamas will become uncompetitive as a tourist destination, despite the recent 4.5 percent increase in value-added tax (VAT), because the jurisdiction is viewed as expensive. He added that this country
Nicola Virgill-Rolle, Ph.D., has been appointed director of the National Insurance Board (NIB) with effect from July 1, 2018. As director, Dr. Rolle is the CEO of NIB and heads the executive management team responsible for the day-to-day operations of the social security organization.
Resorts World Bimini is pleased to announce the promotion of Greg Stubbs to the position of assistant general manager. A key member of the Resorts World Bimini management team since 2013, Stubbs has previously served as the Bahamian resort’s director of food and beverage and
A woman was allegedly promised $200,000 to set up a witness to be killed, a Supreme Court jury heard yesterday.
The shocking detail was revealed in the confession statement of Caryn Moss, who is on trial for conspiring with others to kill O’Neil Marshall, who was