Search results for : web shop

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News Article

September 22, 2014
New day for web shops

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...

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News Article

November 07, 2012
Bahamians must stop govt from playing games with the game of chance

Dear Editor,

Prime Minister Perry Christie Tuesday finally confirmed what I and other informed, discerning Bahamians already knew from day one - there is no actual U.K. consultant report on gambling in The Bahamas; the report Christie told Parliament and the country would be a basis for his government deciding what question(s) would ultimately appear on the December 3 referendum ballot on web sho...

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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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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

February 11, 2014
Vote Yes coordinator: Web shop regulation overdue

Former Senator Philip Galanis yesterday said the country should not be held "hostage" by last year's referendum results and urged Prime Minister Perry Christie to quickly regulate the web shop sector.

Galanis, a coordinator for the referendum's Vote Yes campaign, also applauded the government's meetings with religious leaders and web shop owners in an effort to try and find a solution to the ...

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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
'Christie Must Keep His Word And Close Web Shops'
January 31, 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

September 06, 2014
Web shops 'getting ready' for regulated market, despite concerns

While some web shop owners are "not happy" with some aspects of the 2014 Gaming Bill and the accompanying regulations, attorney Wayne Munroe said they are already engaged in the process of readying their businesses for regulation.
Among the sections of the bill that web shop bosses do not support are the ones that deal with the discriminatory elements and the disproportionate tax rates between web...

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News Article

March 11, 2014
Hall urges Christian Council to end web shop fight

Bishop Simeon Hall yesterday called on Bahamas Christian Council executives and other religious leaders to "sheath their swords" against the regularization of web shop gaming and redirect their efforts towards crime and other areas of national concern...

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News Article

June 28, 2014
Munroe: Temporary closure of web shops would be harmful

Attorney Wayne Munroe, who represents a group of web shop owners, said he does not see the logic in closing down web shops for a period of time before they are regularized as it would hurt web shop employees.
"It doesn't make sense from a point of view that, when you close, you terminate people and you have to pay them all their severance packages," said Munroe when contacted for comment.
"Then if...

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