Search results for : superwash
D'Aguilar: We Are borrowing Into Oblivion
December 02, 2011
D'Aguilar: We Are borrowing Into Oblivion
A former Chamber of Commerce president says he understands the logic behind the $81 million loan to fix New Providence's chronic leakage problems -- he just doesn't see how the government intends on paying for it.
Expert: 2015 VAT more 'realistic'
April 30, 2014
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
March 13, 2014
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
February 17, 2014
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
February 05, 2014
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 ...
January 23, 2014
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
January 06, 2014
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
January 03, 2014
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
November 14, 2013
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'
October 15, 2013
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...
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