Search results for : john s bain
September 25, 2014
The Bahamas' VAT system: Triumphs and pitfalls, pt. 2
All tax, to a greater or lesser extent, relies on the voluntary cooperation of the population. UHY, Bain & Associates' experience with the tax regimes in many jurisdictions around the world indicates that there are some well-trodden paths in the short, medium and long-term when different problems will be apparent at different stages of the implementation. These problems can be circumvented or miti...
Bahamas' VAT system: Triumphs and pitfalls
September 23, 2014
Bahamas' VAT system: Triumphs and pitfalls
Introduction of the tax
In a previous paper, we posit that VAT was probably 20 years too late. The July 1, 2014 was the original date of the proposed system of value-added tax (VAT). Some persons thought it was too soon, and the government listened. The announcement date did, as was expected, generate much debate from the intellectual community, the business community and the general population. N...
Bahamas' Vat System-Triumph and Pitfall
September 22, 2014
Bahamas' Vat System-Triumph and Pitfall
In a previous paper, we posit that VAT was probably 20 years too late. The July 1, 2014 was the original date of the proposed system of Value Added Tax (VAT). Some persons thought it was too soon, and the government listened...
UHY Forensics Partner Earns Diplomate Status with Prestigious Status with Prestigious American Institute
August 28, 2014
UHY Forensics Partner Earns Diplomate Status with Prestigious Status with Prestigious American Institute
John S. Bain, the Bahamas? UHY Managing Partner has earned Diplomate status with the American Board of Forensic Examiners by the American College of Forensic Examiners Institute (ACFEI)...
Accountants choose Bahamian for report
March 14, 2012
Accountants choose Bahamian for report
BAHAMIAN forensic accountant, John Bain, has been selected to participate in a defining webinar hosted by the Association of Chartered Certified Accountants (ACCA) to develop the organisation's integrated report, part of a pilot program initiated by the International Integrated Reporting Committee (IIRC).
Mr Bain, the first Bahamian elected to the ACCA's International Assembly, has been chosen as...
February 18, 2014
Coalition: Accountant's VAT defense 'a bit harsh' on businesses
The co-chair of the Coalition for Responsible Taxation has hit back at suggestions made by a leading accountant that any business that struggles under value-under tax (VAT) may simply need a better business model, calling the claim made by accountant John Bain "a bit harsh".Meanwhile, the coalition co-chair, Gowon Bowe, pointed out that while one of the advantages of VAT highlighted by Bain is tha...
May 22, 2013
Bain: High level of indirect taxation must be addressed
The Bahamas' low rate of direct taxation compares favorably with developed countries and emerging markets, although it does not adequately reflect the true taxes paid by the business community, according to John Bain, managing partner at UHY, Bain & Associates.
A tax study released yesterday revealed that among countries across UHY's international network, including all members of the G7 as well a...
Developed Nations Continue To Drag Down Businesses With Higher Corporation Taxes Than BRICs
May 15, 2013
Developed Nations Continue To Drag Down Businesses With Higher Corporation Taxes Than BRICs
Corporation taxes increasingly important battleground in bid to attract international business ? High corporation taxes risk suppressing growth in struggling economies. Some developed nations are still dragging their economies down with far higher corporation tax rates than emerging economies, according to research by UHY, the international accounting and consultancy network. On taxable profits of...
Bain: Govt pays 30 in Employment Costs
February 25, 2013
Bain: Govt pays 30 in Employment Costs
A top forensic accountant is urging the government to pay more attention to employment costs, estimating that these hidden fees add up to 30 percent or more of base salaries. John Bain, managing partner at UHY Bain & Associates, said the other so-called "taxes" of employing...
Businessmen Weigh in on VAT
February 21, 2013
Businessmen Weigh in on VAT
The Bahamas should be moving towards a sales tax, rather than the proposed value added tax (VAT), according to a leading business analyst. Wayne Johnson, president of Wayne Johnson International, told Guardian Business that the government should have introduced a sales tax on items like alcohol, cigarettes and tobacco.
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