Search results for : superwash
BTC 'annihilation' without service improvement
BTC 'annihilation' without service improvement
A leading businessman has argued that BTC will suffer a "gut wrenching annihilation" unless newly-appointed chief executive officer Leon Williams is able to improve its "downright awful" service levels.
Dionisio D'Aguilar, president of Superwash and former president of the Bahamas Chamber of Commerce, said service levels provided by the company are so bad that it has done a "disservice to privatiz...
Expert: 2015 VAT more 'realistic'
Expert: 2015 VAT more 'realistic'
A day after the government confirmed that it plans to delay value-added tax (VAT) implementation at least until the last quarter of this year, one of the visiting consultants from New Zealand proposed that a "realistic" date for its introduction would be later -- on January 1, or possibly April 1, 2015...
Wells: VAT needed to spur investor confidence
Wells: VAT needed to spur investor confidence
Proclaiming that the "journey of 1,000 miles begins with the first steps", a prominent businessman has urged Bahamians to "stop the negative talk" on value-added tax (VAT) and allow the government to swiftly move ahead with its implementation - a step he views as critical to building investor confidence in this country.
Former parliamentarian and businessman Tennyson Wells told Guardian Business t...
Coalition: How are interest rates being determined
Coalition: How are interest rates being determined
A greater focus should be placed on the potential for all economic "tools", both fiscal and monetary, as a means of stimulating the economy in order to help address the country's deficit and debt problem, according to members of the Coalition for Responsible Taxation.Arguing that it is not clear how the institution is determining rates, which impact both how much it costs the government to borrow,...
Businesses upping pressure against VAT
Businesses upping pressure against VAT
With the implementation of value-added tax (VAT) just five months away, more businesses are joining the anti-VAT campaign and are petitioning their customers to do the same.
One business owner referred to VAT as "crazy", while another said the implementation of VAT could push poor people "over the edge".
Several business owners have erected posters throughout their stores, highlighting the impact ...
Businessman raises concerns about quality of BTC service
A PROMINENT businessman yesterday raised concerns about BTC's quality of service amid the attention being given to the new deal between Cable & Wireless Communications (CWC) and the government.
Another public fight for the government
Another public fight for the government
At the beginning of 2013, the battle lines were well established. The numbers bosses, who were supported by the Progressive Liberal Party (PLP) administration, were on one side seeking the legalization of web shop gaming and a lottery. Their primary opponent was the church.
Both sides stated their cases in the public sphere. After the votes were tallied, the PLP and the numbers bosses lost.
Thi...
VAT decision 'more important battle' than election
VAT decision 'more important battle' than election
The decision about what form tax reform should take is more significant for the future of The Bahamas than the results of any general election, a top businessman has argued, as he urged businesses nationwide to act in their own best interest by contributing to a $180,000 fund estimated to be needed by the Coalition for Responsible Taxation to conduct its own "VAT alternatives" economic analysis an...
VAT commissioner's powers questioned
VAT commissioner's powers questioned
A prominent businessman has suggested that powers given to a value-added tax (VAT) commissioner under draft legislation are "setting a dangerous precedent" and may be unconstitutional...
New public holiday 'a burden'
New public holiday 'a burden'
Prominent figures in the business community say that adding another public holiday will only hurt the economy. In fact, one businessman described it as a "jook" in the heart of the business community and the economy.
On Friday, Governor General Sir Arthur Foulkes signed off on the Majority Rule Act, proclaiming January 10 a public holiday that will be recognized as Majority Rule Day. It's a deci...