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Tag Archives: VAT

June, 2018

  • 27 June

    North Abaco MP Addresses Budget Debate

    Member of Parliament for North Abaco and Minister of Foreign Affairs, Darren Henfield, noted that the Government of the Bahamas must now do the “hard thing to mitigate and or fix the mismanagement of the previous Government.” Mr. Henfield said concerning the increase of VAT to 12 percent that “No …

  • 27 June

    From the Editor’s Desk: What We Need

    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 …

  • 22 June

    From the Editor’s Desk: VAT Increase

    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 …

March, 2017

  • 3 March

    Our State of the Union – Marsh Harbour & South 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!

September, 2016

  • 1 September

    From the Editor’s Desk: Tax-Man

    So much always happens when we have an extra week between issues as was the case with the one currently in your hands. The police have done a noteworthy job of rounding up suspects of the nefarious boat theft ring. Commendable in the fact that they caught some (hopefully most) …

  • 1 September

    Questions About Web Shops

    Dear Editor, The government has released regulations (see Nassau Guardian 17th and 19th August) concerning web shops and I wish to share with you a few of them, along with some information I have researched in Abaco: 1. Distance between web shops from church, schools and residences to be within …

August, 2016

  • 10 August

    Chamber Addresses Heads of Departments

    Abaco Chamber President, Vado Bootle, addressed the quarterly Heads of Department meeting on July 29, 2016, that was chaired by Administrator Charles Moss. After his introduction, Mr. Bootle explained the Chamber’s desire to assist government departments in making their contacts with the public an easier, more business-like encounter. Examples were …

June, 2016

  • 2 June

    From the Editor’s Desk: Schrodinger’s Faucet

    Millions go missing from various government departments and instead of our leaders tackling the issue we get political blame games. We should be more upset about this – instead we continue to feed into it. You and I have been robbed and swindled to the tune of tens of millions by the Road Traffic Department alone – yet our conversations with our neighbors get sidetracked into political blame games as well. We are just as guilty.

March, 2016

  • 31 March

    From the Editor’s Desk: Poker

    The scope of arrogance displayed by our leaders is an insult to reason. They seem to believe what they say will not only be eagerly bought by a gullible public, but also that they deserve praise for the flowery delivery of their rhetoric. They’re playing high stakes poker with our money and doubling down on all their bad bluffs; they don’t even care at this point that we can read their blatant tells – or that they’re running out of chips.

  • 11 March

    From the Editor’s Desk: Big Things

    The Prime Minister announced during the recent presentation of the budget debate that, thanks to VAT, the country has cut its deficit substantially. That’s great; however deficit does not mean our debt – which continues to grow with vigor. It grows because spending continues to outpace what we collect in tax at the expense of the private sector which, Mr. Christie admitted, grew much slower than expected.