The head of the Clearing Banks Association said it is “difficult to anticipate” what the reaction of key international bodies and the United States will be to the government’s plan to regularize the web shops.
Topic: web shops
The government’s projected revenue forecast of $12 million from taxing web shops only plays into the narrative that it is paying back web shop bosses, Fort Charlotte MP Dr. Andre Rollins said yesterday.
As Yogi Berra said, “It’s like deja-vu, all over again”, as the PLP gets set to repeat the mistakes of the drug-fueled 1980s, when they basically legalized criminality… and we are still suffering the consequences of that.
“Dire consequences” for the financial sector and the Bahamian economy could result from a perception among international agencies monitoring issues of money-laundering and terrorist financing that The Bahamas is being “lax” in its handling of web shops.
After a resounding ‘No’ vote in the referendum, Prime Minister Christie declared that offending webshop owners and their gaming operations, including all online gaming and the numbers games, must cease with immediate effect.
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.
Obie Wilchcombe, Minister responsible for gaming, is apparently trying to convince church leaders to ignore the Bahamian people’s rejection of web shop gaming, presumably so the PLP can live up to the promises made to the gangsters before the last election.
The Bahamas Chamber of Commerce and Employers Confederation does not support the taxation of web shops as an alternative form of raising revenue, CEO Edison Sumner said Monday.
“We’ll turn up when you least expect us,” Commissioner of Police Ellison Greenslade warned.