The Customs Department intends to prosecute two companies after discovering of what appears to be “shocking” corruption involving the evasion of millions of dollars in import duty and Stamp Tax payments.
Every time Sewall’s Point resident Stephann Cotton returns from the Bahamas in his twin-engine Navejo Chieftain and prepares for landing at Palm Beach International Airport, he wishes he could come straight home.
At least twenty Bahamian business owners have been warned by the the Office of the Attorney General to settle outstanding debts with the Department of Customs.
The Bahamas has lost as much as $1.2 billion in illicit outflows over an eight-year period to one particular form of tax evasion, according to a Global Financial Integrity (GFI) analysis.
A new Customs Management Act will allow the government to publicly “name and shame” the companies that are found guilty of smuggling and tax evasion.
Customs Comptroller Glenn Gomez admits that some of his officers have fallen by the wayside and are accepting bribes. This is especially a problem during the holiday season.
It is suspected that corrupt Customs officers were involved in the attempted smuggling of a massive quantity of undeclared goods found on a vessel docked at Potter’s Cay.
The public auction, which is set for Wednesday, November 3 through Friday, November 5, will include hundreds of unclaimed items down at the Customs Warehouse at the Lucayan Harbour.
The investigation into the stolen car ring could result in charges against certain police officers, customs and road traffic officials and a local businessman.