Search results for : Payroll
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 15, 2014
PM, minister, financial secretary agree: 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), said three of the leading voices in financial affairs, including that of the prime minister.
"You would need a payroll tax of 20-25 percent to equal what a VAT of 15 percent would generate," said Prime Minister Perry Christie.
The prime minister was addressing a gathe...
'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...
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...
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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