Search results for : Payroll
April 28, 2014
New Zealand VAT experts: VAT preferable to payroll tax
International evidence suggests payroll tax would have a worse impact on growth and employment in the country than a value-added tax (VAT), according to two New Zealander VAT specialists.
Don Brash, a prominent businessman in New Zealand, who was intimately involved in the introduction of VAT there in 1986, said that he was persuaded in the mid-1980s and remains so today, that VAT is the "least ba...
FNM deputy: I'd back payroll tax
April 29, 2014
FNM deputy: I'd back payroll tax
FNM Deputy leader Loretta Butler-Turner suggests that a payroll tax coupled with another revenue generation scheme like a national lottery should be implemented rather than the controversial Value Added Tax (VAT).
April 17, 2014
Coalition hits back over government's position payroll tax
The Coalition for Responsible Taxation has hit out at comments from top government officials that payroll tax is not a viable alternative proposal to value-added tax (VAT), suggesting that the government has misconstrued its position on the tax, and should show the basis on which it has formed its position that a payroll tax is not viable.
The coalition's comments, in a statement released to the m...
'Payroll tax not a viable option'
April 15, 2014
'Payroll tax not a viable option'
BAHAMIAN workers would face grave reductions in take-home pay if a payroll tax were implemented instead of a Value Added Tax (VAT), the three leading government voices in financial affairs, including the Prime Minister, agreed...
April 14, 2014
PM, Minister, Financial Secretary Agree: Payroll Tax Not a Viable Option
?Would take 20-25% of wages to generate what VAT can raise without penalising workers?...
Ryan Pinder: Shared payroll tax regressive
March 04, 2014
Ryan Pinder: Shared payroll tax regressive
"The government's current value-added tax proposal, we believe, would be damaging to tourism, the lifeblood of the Bahamian economy," Sands told Guardian Business on Sunday..."
Union: City Markets behind over payroll
February 26, 2012
Union: City Markets behind over payroll
By NATARIO McKENZIE
Tribune Business Reporter
nmckenzie@tribunemedia.net
THE union representing City Markets workers has said it would welcome the sale of the struggling food store chain if it meant saving jobs, officials telling Tribune Business that discouraged employees were leaving the chain every week.
Bahamas Commercial Stores and Warehouse Workers Union (BCSWWU) executive, Rosalie McKen...
CIBC CARIBBEAN and Mastercard partner to launch a new prepaid card and digital disbursement solution
March 19, 2024
CIBC CARIBBEAN and Mastercard partner to launch a new prepaid card and digital disbursement solution
CIBC Caribbean the leading financial institution in the Caribbean, has introduced the Mastercard Prepaid Card – a secure digital disbursement solution.
February 05, 2024
IMF: Increase NIB contribution rate to 15 percent over 20 years
NASSAU, BAHAMAS — The International Monetary Fund (IMF) has recommended incrementally increasing the National Insurance Board (NIB) contribution rate to 15 percent over the next 20 years to put the pension scheme on a sustainable footing. The IMF, in its 2023 Article IV Consultation press release and staff report released on February 2, suggested introducing [...]
January 02, 2024
Consolidated Water Bahamas spreads holiday cheer to underprivileged children
NASSAU, BAHAMAS — Consolidated Water (Bahamas) Ltd. (CWCO) made Christmas truly special for children at two notable homes—Ranfurly Homes for Children and the Children's Emergency Hostel. Through their support, many children experienced the joy of the holiday season surrounded by loved ones, unwrapping presents, and indulging in a festive Christmas dinner. CWCO representatives paid a [...]
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