Search results for : superwash

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News Article

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,...

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News Article

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 ...

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News Article
Businessman raises concerns about quality of BTC service
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.

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News Article

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...

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News Article

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...

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News Article
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...

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News Article

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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News Article

September 30, 2013
'Revenue court' gets mixed reviews

Business stakeholders are offering mixed assessments of the government's decision to create a "revenue court" which would deal with tax and other revenue-related infractions, with some suggesting that it's a step in the right direction and others indicating that the government should be focusing on educating businesses on their obligations under the new VAT regime...

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News Article

September 04, 2013
Govt must not 'overburden' business

The government must "get out of the way" of private business if there is to be any hope of stimulating additional employment in the economy, and should ensure that it is being as "strategic" as possible in its new taxation measures to avoid strangling private enterprise, a former minister has warned...

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News Article
Govt called on to 'come clean' over tariff plans
August 30, 2013
Govt called on to 'come clean' over tariff plans

A leading businessman yesterday called for the government to "come clean" on what adjustments will or will not be made to import duties at the time when value-added tax (VAT) comes into effect, accusing the administration of being "dodgy and cagey" over the issue...

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