The prime minister by his admission in the House of Assembly has confirmed what many in the public have long suspected – that is, that the PLP uses its position of influence and power to extract financial benefits and favors for selected PLP supporters.
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.
Financial Secretary John Rolle slammed opponents of VAT’s implementation in The Bahamas who circulated a 15-minute video about what they claim is the disastrous impact this form of taxation had on the economy of St. Kitts & Nevis.
The US State Department listed Antigua and Barbuda, Bahamas, Belize and Haiti as among major money laundering countries and jurisdictions around the world.
It is unbelievable (and shows true incompetence) that with only four months to go, the government is still figuring out the rules for VAT and has not tabled the final bill yet.
The Government of the Bahamas is continuing its public education efforts on the impending Value Added Tax (VAT) implementation with a full month of community presentations.
Recently, Governor of the Central Bank Wendy Craigg urged the Government to quickly address the issue of unregulated web shop gaming and the associated vulnerabilities presented as a result and, even more, cautioned that this sector in its current state threatened to undermine proposed plans for a Bahamian Credit Bureau.
United States authorities have released the “last substantial” package of regulations to combat offshore tax evasion in the Caribbean, saying…
The Bahamas’ tax system is antiquated and can no longer support a growing and constantly developing country, Livingston Ferguson, Senior Customs/Revenue Officer, Ministry of Finance told teachers at The Government High School during a session of their professional development workshop January 19.