I don’t know about you, reader, but I’m still sorting out and digesting the new budget. Here are some of the things Abaco needs to see, as both a sign of good faith from the government regarding how it intends to do business going forward, but also, I feel, out …
The morning after publishing the last issue of The Abaconian, Parliament dropped a bombshell on the Bahamian People. A VAT Tax Hike from 7.5% to 12% with less than a month for businesses to prepare for it. That was coupled with a bleak reflection of our country’s finances. I’ve been …
The International Monetary Fund (IMF), in their recent Article IV report on our country, noted that we have a bit of bloat in the public sector. Bloat to the tune of $70 million annually to our civil servants. The IMF further noted that we could save $200 million ANNUALLY via …
The Treasury received $285,214 from the Council’s efforts in six weeks. Of this amount $176,316 was for delinquent taxes.
Dr. Delon Brennen, Deputy Chief Medical Officer in the Ministry of Health, presented information and fielded a variety of questions from the audience on how it would work as they expressed concerns over the lack of facilities on Abaco.
A billion in VAT collected ( $1,000,000,000 ) , $250,000,000 in annual interest payments, with deficits and national debt increasing. We are in trouble. No one party is totally responsible for getting us here. We cannot continue on like this!
The Hope Town District Council met on February 23 to discuss the budget for the upcoming year 2017/2018, Real Property Tax issues and other business for the district.
During their regular monthly meeting on September 29 the Hope Town District Council approved over $14 million in plans while expressing concerns that new regulations by the Hotel Licensing Authority could dampen prospects for Real Property Tax collection on the cays.
Hope Town District Council Chief Councillor Jeremy Sweeting signed the agreement between the Ministry of Finance and the Hope Town District Council allowing the local office to collect tax revenue. The local tax office is set to open June 1. The office will be located on the western end of the Library building in Hope Town.
I thought that you would like to know how this country is drifting. A group of very dedicated people in Treasure Cay, mostly second home owners have been working with the children at the Treasure Cay Primary School, some for a period of fifteen years.