Search results for : web shop

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News Article

September 05, 2014
Up to 40 mil. from web shops in first year, says minister

Tourism Minister Obie Wilchcombe yesterday projected that the government could collect up to $40 million in web shop revenue in the first year of regularization and up to $25 million in the ensuing years.
During the budget process, the government projected it would generate approximately $12 million in web shop taxes. But Wilchcombe said when the taxes are added to other fees, "We will get more th...

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News Article

June 18, 2014
RBC (Bahamas) throws web shop plan into question

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...

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News Article
Web shop transition extended - without a new deadline
June 22, 2015
Web shop transition extended - without a new deadline

THE government has extended the web shop industry's transition period until an unspecified date, Tourism Minister Obie Wilchcombe confirmed yesterday.

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News Article

December 09, 2014
Pastor calls on web shops to keep staff

DR Philip McPhee, pastor of Mount Calvary Baptist Church, Dr Philip McPhee yesterday called for web shop bosses to "act in good faith" and find "constructive ways" to keep their workers employed.

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News Article

April 09, 2013
JUST IN: Chief justice lifts injuction protecting web shops

Chief Justice Sir Michael Barnette just lifted the order stopping police from arresting persons in web shops. The injunction that prevented law enforcement officers taking action against web shop gaming operators, was enforced shortly after the Bahamas voted against legalalising and taxing the industry.

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News Article

December 04, 2013
Top accountant: VAT 'not appropriate' for web shops

With the debate intensifying on the introduction of value-added tax (VAT), Raymond Winder, managing partner at Deloitte and Touche, doesn't believe that form of taxation is "appropriate" for web shops.
"You have to remember that VAT ultimately goes to the consumer, so if you tax the web shops VAT, what they would do is pass it on to the players. That's not what you want," he said yesterday.
"You'...

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News Article

June 25, 2014
Pindling Foundation defends accepting web shop donation

The Sir Lynden Pindling Foundation yesterday defended a decision to accept a luxury car from Island Luck web shop to raffle as part of its Legacy Ball, which will honor the memory of the late former Prime Minister Sir Lynden Pindling.
The Legacy Ball is a featured event listed on the 41st independence anniversary celebrations calender.
On Monday, Minister of Tourism Obie Wilchcombe, who has respon...

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News Article

July 08, 2014
AG to update PM and Cabinet on FATF meeting about web shops

Attorney General Allyson Maynard-Gibson said yesterday she will update her Cabinet colleagues today about her recent meeting with representatives of the Financial Action Task Force (FATF).
Maynard-Gibson traveled to Paris on Sunday, June 29 at the request of the prime minister to discuss the government's plans to regularize the web shop industry.
She returned to The Bahamas on Sunday night.
When a...

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News Article

January 30, 2013
'Christie must keep his word and close web shops'

PRIME MINISTER Perry Christie must keep his word and carry out the mandate of the Bahamian people by closing all web shops and gaming houses, Christian Council President Ranford Patterson said yesterday.

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News Article

January 19, 2013
Govt maintains position on temporary web shop shutdown

Minister of Tourism Obie Wilchcombe maintained yesterday that web shops would be closed temporarily if the January 28 referendum passes, despite comments from 'Vote Yes' campaign spokeswoman Theresa Moxey-Ingraham to the contrary.
However, Wilchcombe said the government would work to make the period of closure as short as possible to minimize losses and interruption in business.
In December, Wilch...

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