Finance

Illusion of The Bahamas being a tax-free place will no longer be sustainable

June 25, 2018

Acting Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest said the illusion that individuals had of The Bahamas being a tax- free place will no longer be sustainable...

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Government enters into contractual agreement with the IDB for investment projects total for investment projects totalling $70 million

June 19, 2018

The Bahamas Government entered into a contractual arrangement with the Inter-American Development Bank (IDB) for investment projects totalling $70 million...

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Sterling Global Expert to Address GB Cryptocurrency Conference
Sterling Global Expert to Address GB Cryptocurrency Conference

June 18, 2018

Sterling Global Financial’s Brandon Caruana is the latest addition to the inaugural Bahamas Blockchain and Cryptocurrency Conference line-up...

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SCOTIABANK Aids Cultural Youth Ambassadors
SCOTIABANK Aids Cultural Youth Ambassadors

June 18, 2018

Scotiabank recently recognized The Bahamas National Children’s Choir (BNCC) and The Bahamas National Youth Choir (BNYC) for their immense talent and ongoing cultural representation...

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1st Bahamas Blockchain and Cryptocurrency Conference a Week Away

June 13, 2018

As the launch of the first Bahamas Blockchain and Cryptocurrency Conference is just over one week away, Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson, on Monday encouraged Bahamians to get registered.

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'Don't expect to save on clothes after duty cut'
'Don't expect to save on clothes after duty cut'

June 13, 2018

ALTHOUGH the Minnis administration hopes Bahamians benefit from customs duty waivers off clothes and shoes for retailers, former government ministers say businesses have historically failed to pass savings from exemptions to consumers...

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2.5bn in VAT income - yet debt went up
2.5bn in VAT income - yet debt went up

June 11, 2018

THE government has collected some $2.5bn in value added tax revenue since 2015, according to Finance Minister Peter Turnquest who accused the former Christie administration of mismanaging the money...

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Prominent Bahamians to Discuss 201/2019 National Budget at 11th Annual Financial Voice

June 08, 2018

Four industry experts will dissect the 2018/2019 National Budget, highlighting their views on the recently announced 60 percent hike in Value Added Tax (V.A.T.) at the 11th Annual Financial Voice on Tuesday June 12, 2018...

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June 07, 2018

The government’s overriding immediate priority must be to bring the public finances to a responsible and sustainable state by: paying off and getting behind it the mountain of arrears and unpaid bills that it has discovered since coming to office, said Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest.

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Government taking deliberate steps to cushion impact of fiscal measures on the poorest households

June 07, 2018

Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest said in light of the fiscal measures, which call for a shared sacrifice from all, the government is taking deliberate steps to cushion the impact on the poorest households.

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June 06, 2018

Any potential sale of the government-owned and operated Nassau Flight Services Limited (NSF) will be open to Bahamian investors only, Minister of Tourism and Aviation the Hon. Dionisio D’Aguilar said.

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Draft Estimates of Revenue and Expenditure 2018-19

May 31, 2018

Attached please find the Draft Estimates of Revenue and Expenditure 2018/2019. This is to supplement the budget communication from this afternoon.

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Minister of Finance Presents "Landmark Budget" in the House of Assembly

May 30, 2018

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest presented the 2018/2019 Budget Communication in the House of Assembly this morning, centred upon 'Implementing the Government's Policy Agenda and Securing Core Fiscal Objectives.'

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Industry Leaders Tapped for Bahamas Cryptocurrency Conference

May 30, 2018

The government of The Bahamas has tapped leading industry names to provide a wealth of knowledge and insight at The Bahamas Blockchain & Cryptocurrency conference.

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2018/19 Budget Communication

May 30, 2018

"Most substantially Mr. Speaker, the Government is proposing an increase in the rate of Value Added Tax from the current 7.5 percent to 12 percent effective July 1st."

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Scotiabank Donates To The Disabled

May 30, 2018

The Training Centre for the Disabled received a donation from Scotiabank to assist with student needs, following a robbery at the Centre.

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May 28, 2018

“Words like accountability and transparency must be more than just political buzz words. We must back that up,” said Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest, at ‘IIA Week-Bahamas Chapter’ (Institute of Internal Auditors) luncheon held at Luciano’s of Chicago, May 25, 2018.

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Bahamas First Holdings Limited Announces New Board Chair

May 28, 2018

Ian Fair Retires After 19 Years

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The Bahamas is officially off the EU List

May 25, 2018

The Bahamas was removed from the European Union’s (EU) list of Non-Cooperative Jurisdictions for Tax Purposes following a positive technical recommendation from the EU Code of Conduct Group (CoCG), which was formally adopted by the Council of European Union Finance Ministers (ECOFIN) this morning.

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