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Volume: 120 No.96, May 19, 2023
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CORPORATE TAX PLAN REVEALED Govt favours proposal of 10-12 percent rate for most businesses By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE government is leaning towards reforms that will see most Bahamasbased businesses pay a “modest” corporate income tax of either 10 or 12 percent with the only exception being small firms earning less than $500,000 annually. The ‘green paper’ on “corporate income tax strategies for The Bahamas, which has been seen by Tribune Business, reveals
that none of the four corporate income tax options being considered will have a positive impact on Bahamian economic growth, employment, foreign and domestic investment with the fall-out negative in all bar two instances. The Davis administration said it has to consider “the trade-off between raising government revenue at the expense of economic activity” in all four scenarios as it mulls potentially historical changes. FULL STORY - SEE BUSINESS
READY FOR DA ROAD
ATLANTIS executives are surprised and disheartened by the Department of Labour’s investigation into the resort and view the probe as a departure from the historic relationship the resort has enjoyed with the Bahamas government, according to Atlantis
senior vice president Vaughn Roberts. Labour and Immigration Minister Keith Bell had said the Labour department launched an investigation into Atlantis when employees complained that they felt “pressured and intimidated” to stand against Royal Caribbean International’s proposed Paradise
By LEANDRA ROLLE Tribune Staff Reporter lrolle@tribunemedia.net NINE jurors were selected yesterday to evaluate evidence from more than 40 witnesses in Adrian Gibson’s corruption trial. The witnesses include former Works Minister Desmond Bannister, Water and Sewerage Corporation Chairman Sylvanus Petty, Mr Gibson’s ex-fiancée Alexandria Mackey, and Tanya Demeritte, a coaccused who took a plea deal last year. The jury includes five men and four women. Their selection was SEE PAGE THREE
DAVIS BLASTS PUBLIC OFFICERS FOR ‘PAY FIRST’ INFLEXIBILTY By FAY SIMMONS
Tribune Business Reporter
jsimmons@tribunemedia.net
ATLANTIS DISHEARTENED BY LABOUR DEPT INQUIRY By RASHAD ROLLE Tribune News Editor rrolle@tribunemedia.net
ADRIAN GIBSON JURY FINALISED AS TRIAL SET TO GET UNDER WAY
CARNIVAL arrives this weekend - and as groups take to the road in their costumes, today’s Weekend section also takes a preview of the Rising Star competition. Pictured: A member of the Bahamas Masqueraders group. Read more in Weekend today.
SEE PAGE FIVE
PRIME Minister Philip “Brave” Davis yesterday slammed “blinkered” public officials for adopting inflexible approaches to the collection of outstanding taxes that “close the business” and hinder economic growth and productivity. Mr Davis, addressing the Cat Island Business Outlook conference, said civil servants too often adopted a “’well pay me first’ attitude” to the issuance of Business Licences, and signing of public works contracts, when the company involved owes tax liabilities to the Public Treasury. FULL STORY - SEE BUSINESS
‘WORK PERMITS NEEDED FOR SIGNIFICANT OTHERS TOO’ By EARYEL BOWLEG Tribune Staff Reporter ebowleg@tribunemedia.net FORMER Immigration Minister Brent Symonette said foreign “significant others” of Bahamians should have similar access to work permits as do foreign spouses of citizens. He said failing to do this contributes to the country’s brain drain problem. The Immigration Act
FORMER Deputy Prime Minister Brent Symonette outlines how non-Bahamian spouses of citizens
can legally reside in the Bahamas and work. The law does not grant such privileges to non-spouse partners of Bahamians. Mr Symonette, the former deputy prime minister and MP for St Anne’s, addressed the matter at a Free National Movement (FNM) constituency association meeting in Mount Moriah on Tuesday night. “We’re not gonna bring
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SEE PAGE SEVEN
DIANE PHILLIPS
MORGAN FREEMAN LIVE, ANOTHER NOD TO THE ORANGE ECONOMY PAGE NINE