Search results for : payroll
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...
TRAINING ON PAYROLL CHANGE
September 15, 2010
TRAINING ON PAYROLL CHANGE
By INDERIA SAUNDERS Guardian Business Reporter inderia@nasguard.com Implementation of the Bahamas Automated Clearing House's(BACH)new electronic direct credit system is gradually getting off the ground, with local businesses receiving training on the new payroll changes set to make life easier for tens of thousands of working Bahamians.
Representatives from a variety of companies recently attended...
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.
June 03, 2021
Budget a step in the right direction for Grand Bahama
MORE Grand Bahama businesspersons and residents are weighing in on the plans and benefits announced in the budget communication delivered last week by Prime Minister Dr Hubert Minnis.
April 17, 2020
Virtual Office Open and Fully Functioning for Department of Inland Revenue (DIR)
DIR advises the business community that VAT filings and payments remain due on April 21, 2020. Although some businesses do not have access to all their latest records at home, due to the COVID-19...
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