While most Bahamians appreciate the essential role that tourism plays in our economy, lives and livelihoods; there is a need to further clarify the tax and revenue contributions to our economy. The goal is to dispel any myths about this industry. We all stand to pay a hefty price if rhetoric drives public taxation policies.
The joint liquidators for Owen Bethel’s insolvent Montaque Capital Partners currently possess just $196,238 in liquid assets to cover total creditor claims of $17.5 million, it has been revealed.
Sandyport Beaches Resort and Hotel recently hosted the local TV show, ‘Bahamas at Sunrise’ entirely from their Lagoon Beach as a part of the celebratory events for their RCI Gold Crown tourism award.
Touted by organizers as the largest financial services conference in the region, STEP CC 2014 promises to tackle the tough issues facing trust professionals head on.
Freelance Business Consultant, Bridgette Mackey, recently stated that there needs to be a change in the financial culture throughout The Bahamas and the offloading of some personal expenses as the government readies to implement Value Added Tax (VAT).
Most people don’t wait until they are stranded by the roadside to consider taking their car in for a tune-up. Yet when it comes to Information Technology – the engine of any modern business – it seems common sense is far less common, according to a leading provider of hardware, software and IT services.
Value Added Tax (VAT) will not be charged on any form of domestic travel, State Finance Minister Michael Halkitis told residents of Killarney March 3.
MasterCard announced that, as part of the company’s commitment to enhance the experience of cardholders visiting the country in support of the local tourism industry, the company has partnered with the Ministry of Tourism to become the official card of The Bahamas.
Next year will mark 60 years of the birth of the City of Freeport; 60 years since the signing of the Hawksbill Creek Agreement; 60 years of development and the fulfillment of a dream; and 60 years of a partnership between The Government of The Bahamas and The Grand Bahama Port Authority.