Report notes Bahamas' high tax-to-GDP increase

A new report has revealed that The Bahamas recorded the highest tax-to-GDP increase in 2015 in comparison to 24 Latin American and Caribbean (LAC) countries. The report also showed that government earned $1.76 billion in tax revenue in 2015, the same year value-added tax (VAT) was introduced.
The majority of tax revenue came from taxes on goods and services, followed by social security contributio...

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PM: Minnis dumbing down Baha Mar issue

'Disappointment' was the word Prime Minister Perry Christie used yesterday to describe Free National Movement (FNM) Leader Dr. Hubert Minnis' determination that the handing over ceremony on Tuesday to mark Chow Tai Fook Enterprises' receipt of a temporary certificate of occupancy for Baha Mar was nothing more than a photo op.
Speaking to reporters on the sidelines of the Bahamas Chamber of Commerc...

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Minnis criticizes govt over Baha Mar 'photo op'

Free National Movement (FNM) Leader Dr. Hubert Minnis yesterday branded Baha Mar's receipt of a temporary certificate of occupancy as nothing but a "photo op" for the Progressive Liberal Party (PLP), while also insisting that the FNM is not opposed to the opening of the Cable Beach resort.
On Tuesday, Christie branded the event as a milestone ahead of the project's phased April opening and insiste...

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PM: Baha Mar is all go

Branding Baha Mar's receipt of a temporary certificate of occupancy yesterday as a milestone ahead of the project's phased April opening, Prime Minister Perry Christie gleefully said Baha Mar "is all go, and it is all go right now".
"Let me say how absolutely thrilled we are to be here today," said Christie, joined by several members of his Cabinet; Graeme Davis, the president of Baha Mar; and key...

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Baha Mar Casino stocked and ready to go, despite lacking casino license

Baha Mar's casino floor is already stocked with slot machines with bright, colorful, flashing lights. Prime Minister Perry Christie got a glimpse of the casino floor yesterday after joining in the handover of the resort's temporary occupancy certificate to Baha Mar President Graeme Davis.
Questions arose earlier this week over whether or not the mega-resort was in receipt of documents that would a...

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'State and quality' of Mortgage Corp.'s financials stump auditor

The Bahamas Mortgage Corporation's (BMC) report for the financial year ending June 2012 reveals that the corporation did not have "sufficient" and "appropriate" evidence to support the balances and transactions that accompanied its financial statements. The corporation recorded that total mortgages were over $160 million as of June 2012.
BMC's auditor, Beneby & Company, completed the report on Apr...

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Guy Fawkes and Bonfire Celebrations

Saturday 5th November 2011

Guy Fawkes (13 April 1570 ? 31 January 1606), also known as Guido Fawkes, the name he adopted while fighting for the Spanish in the Low Countries, belonged to a group of provincial English Catholics who planned the failed Gunpowder Plot of 1605.

Fawkes was born and educated in York. His father died when Fawkes was eight years old, after which his mother married a recusant Catholic. Fawkes later...

Time for New Thinking in Real Estate

Two years into the business and busier than she ever dreamed she would be this early, a dynamo named Tamara Dorsett wants to turn Bahamian thinking upside down and inside out when it comes to buying, selling and renting.

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Fiscal deficit up to 314.2 million

The Central Bank of The Bahamas (CBOB) has reported, that despite $761.9 million in taxes being generated during the first half of the 2016/2017 fiscal year, the fiscal deficit increased to $314.2 million for the period.
The regulator, in its monthly economic report published last weekend, points out that the deficit experienced a 112.44 percent spike when compared to the same period in the previo...

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Lloyd rails against PLP govt 'failures'

Free National Movement (FNM) candidate for South Beach Jeff Lloyd continued to build his case last night for why the Progressive Liberal Party (PLP) should be toppled, contending that the Christie administration treats the electorate with disdain and disrespect.
"We have permitted a poisonous stream of rank and pathetic paternalism to contaminate our dreams and precious talent base to the detrimen...

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