Search results for : web shop

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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

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
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 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

January 24, 2013
'Vote Yes' storms Bay St.

Web shop businesses were temporarily closed until 2 p.m. yesterday as more than 1,000 Vote Yes supporters, workers and web shop owners united in Rawson Square to put a face to the web shop businesses that could be regulated or shut down following the January 28 gambling referendum.

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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

November 07, 2012
Bahamians Must Now Stop the Government from Playing Games

Bahamians Must Now Stop the Government from Playing Games With the Game of Chance in The Bahamas

Prime Minister Perry Christie Tuesday finally confirmed what I and other informed, discerning Bahamians already knew from day one there is no actual UK consultant report on gambling in The Bahamas the report Prime Minister Christie told Parliament and the country would be a basis for his Governm...

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News Article

January 30, 2013
Bahamas Christian Council referendum victory is a Pyrrhic one

Dear Editor,
The Bahamas Christian Council (BCC) has won a major victory, albeit a Pyrrhic one, against the powerful numbers bosses and the Progressive Liberal Party (PLP) government. Despite having a very deep war chest, the Vote Yes camp was unable to gain a yes vote on Referendum Day. Despite holding massive rallies featuring renown Bahamian artists and showering attendants with expensive gif...

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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

October 17, 2014
New gaming laws might drive web shop owners to Malta, Belize

Former Bahamas Bar Association President Wayne Munroe has warned that so-called discrepancies in provisions for online gaming in the current Gaming Bill and Regulations were a "major impediment" to the web shop industry, and could drive Bahamian web shop owners to other jurisdictions.
Munroe, who represents a group of web shops owners, told Guardian Business that the current regulations could caus...

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