Search results for : web shop
Showing 21 to 30 of 1000 results
A leading accountant has stressed the proposed economic benefits of regularizing the country's web shop industry, arguing that it will "grow the economy immensely".
During an interview with NB12, HLB Galanis & Co. Managing Partner Philip Galanis welcomed the opportunities for investment and employment following the passage of the 2014 Gaming Bill, which will regulate and tax the country's web shop...
The head of the Clearing Banks Association said it is "difficult to anticipate" what the reaction of key international bodies and the United States will be to the government's plan to regularize the web shops, noting that a "challenge" in this regard is that there is "much speculation but little definitive information" about the web shops' business activities.
Commenting after banking executives w...
RBC (Bahamas) is the latest local bank to go on record as not being permitted to do business with web shops, whether they are regulated or unregulated, claiming that these establishments' entire business model ensures they fall into a "high risk" category regardless of legal regulatory status.
Signaling yet further issues for the government's plans to regularize and tax the web shops, a position p...
STATEMENT BY THE
RIGHT HONOURABLE PERRY G. CHRISTIE, M.P.,
ON REFERENDUM AND CONSEQUENTIAL
CLOSURE OF WEB-SHOPS
In keeping with my Government's commitment to abide by the will of the electorate as expressed on Monday's referendum, it has now become necessary to effect the closure of all web-shop gaming operations in The Bahamas.
Accordingly, all offending web-shop owners and o...
THE government has extended the web shop industry's transition period until an unspecified date, Tourism Minister Obie Wilchcombe confirmed yesterday.
Even though Minister of Tourism Obie Wilchcombe previously estimated that the web shop industry generates approximately $700 million annually, he said the figures included in web shop operators' disclosure documents show that gaming houses actually generate "significantly" more.
Wilchcombe, who has ministerial responsibility for gaming, didn't disclose the figure, however, he suggested that it is ...
Prime Minister Perry Christie said last night he is not ashamed that his views on web shop gaming have evolved and said "the whip will not be on" when a bill to regulate web shop gaming is introduced in Parliament.
Christie, who was wrapping up debate on the mid-year budget in the House of Assembly, said every MP will be given the opportunity to vote on the "divisive" issue based on their conscien...
While one observer has projected that it could be two years before the web shop regularization process is complete, Tourism Minister Obie Wilchcombe said he expects the process to wrap up in under a year.
The Gaming Bill was passed in the House of Assembly on Monday and is expected to be debated and passed in the Senate next week, Wilchcombe said.
However, he said that the process would not end t...
The revised Gaming Bill will be tabled in Parliament next week, Tourism Minister Obie Wilchcombe confirmed yesterday.
However, Wilchcombe said the government has still not decided on the rate of taxation for web shops or the number of web shop licenses that will be approved.
"We're completing all the work on it right now and we're going to bring it to
Parliament when it next meets," he told The N...