800 SIGN UP FOR ONLINE TAX PAYING

Thu, Dec 15th 2011, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

SOME 800 persons have signed up to use the Government's electronic tax payment service, the minister of state for finance telling Tribune Business yesterday that many reforms were unlikely to yet be reflected in this nation's 'Ease of Paying Taxes' ranking.

Describing the report's finding that Bahamian companies faced a tax burden equivalent to 48 per cent of their annual profits as "high", Zhivargo Laing said that while the Government had made some headway in making the conduct of business in the Bahamas easier, it had "lots more progress to make".

Expressing optimism that the Bahamas would soon improve on its Pa ...

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