Search results for : Payroll
KFC reveals payroll details in contract spat
February 01, 2012
KFC reveals payroll details in contract spat
A pension fund payment, a health and welfare fund and 18 pounds of ham and turkey at Christmas are just a few of the perks embedded in the contracts of KFC workers.
Cooks, food service workers and customer service employees make nearly double that of equivalent employees working for the competition, according to a payroll disclosure by KFC management.
Whereas a cook, for example, makes $358 per we...
Friday ruling to guide govt on Baha Mar payroll
September 02, 2015
Friday ruling to guide govt on Baha Mar payroll
Michael Halkitis yesterday stated that the government's future funding of payroll for Baha Mar's Bahamian employees could hinge on the outcome of Friday's winding up hearing.
Govt considering bankrolling Baha Mar August payroll
July 24, 2015
Govt considering bankrolling Baha Mar August payroll
The government will determine whether it will fund Baha Mar's $7.5 million payroll for the second consecutive month following negotiations over the coming days, The Nassau Guardian understands.
July 15, 2015
Judge blocks BML's attempt to force payroll provider to meet payroll
A judge in the Delaware Bankruptcy Court yesterday blocked an attempt by Baha Mar Ltd. (BML) to force its payroll service provider, Strategic Outsourcing Incorporated (SOI), to meet the developer's payroll needs as it seeks access to its debtor-in-possession (DIP) financing facility.
Baha Mar workers sent home, still on payroll
June 30, 2015
Baha Mar workers sent home, still on payroll
About two hours after Baha Mar filed for bankruptcy in the United States yesterday, scores of employees packed their belongings and left the Cable Beach property for what some feared was their last time.
PM has Baha Mar payroll concerns
June 19, 2015
PM has Baha Mar payroll concerns
Although Prime Minister Perry Christie indicated that he received good news about the Baha Mar project on Wednesday night, he warned yesterday that the mega resort could suffer payroll issues if its challenges are not resolved soon.
NHI without payroll tax: 'hopeful, but delusional'
May 13, 2015
NHI without payroll tax: 'hopeful, but delusional'
President of investment and advisory firm CFAL Anthony Ferguson said the idea of introducing the Christie administration's National Health Insurance (NHI) scheme in January 2016 without a payroll tax to support it - supposedly to refrain from adding to the tax burden on Bahamians - is "hopeful, but delusional".
Ian Fair: Payroll or income tax better than VAT
June 30, 2014
Ian Fair: Payroll or income tax better than VAT
A top banker has argued that imposing an income tax would not deter the wealthy from moving to The Bahamas, arguing that this or a payroll tax would be preferable to the "very, very complicated" value-added tax (VAT) proposed.
Ian Fair, chairman of Butterfield Bank and former chairman of the Grand Bahama Port Authority (GBPA), told Guardian Business during an interview from London, England, that a...
VAT better than payroll tax, Oxford Economics finds
May 22, 2014
VAT better than payroll tax, Oxford Economics finds
While the introduction of value-added tax (VAT) would slow the economy down and result in a "surge in inflation" in the short-term, households would ultimately be better off with VAT compared to payroll tax, according to a new study by Oxford Economics.
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) and the Coalition for Responsible Taxation commissioned the report.
The report...
Oxford Economics: Payroll tax best for tourism
May 21, 2014
Oxford Economics: Payroll tax best for tourism
A study from the Coalition for Responsible Taxation has provided evidence that a payroll tax at six percent would be significantly more beneficial for the country's number one industry - tourism - than value-added tax, involving less of an "inflationary shock" in the short term, while ultimately achieving a similar level of debt reduction in the long term.
The report, compiled by global forecastin...
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