December 5, 2018
FINANCE Minister K Peter Turnquest.
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The deputy prime minister and his Opposition counterpart yesterday renewed their verbal battle over whether the Government will hit its 2018-2019 fiscal objectives.
THE Government yesterday unveiled multiple legislative changes to boost minority investor protections and enhance the competitiveness of the Bahamian capital markets.
THE DEPUTY Prime Minister yesterday said the government aims to prevent “disastrous situations” by imposing proper regulation for cryptocurrency assets and related instruments.
FINANCE Minister K Peter Turnquest insisted yesterday the government has no intention to increase value added tax as speculation persists that a hike maybe featured in the impending 2019-2020 budget presentation. He called the claim an unfortunate rumour.
The deputy prime minister says “every Bahamian should be worried” that the PLP will take the country “back to the future” by overturning recently-enacted fiscal disciplinary measures.
FINANCE Minister K Peter Turnquest said yesterday “a number” of forensic audits into government corporations and departments have been completed and tabled in the House of Assembly.
Business Licence fees will be based on “positive VAT-rated revenue” from 2020 onwards in a move that “removes some of the ambiguity” surrounding how they are calculated.
THE Minnis administration is confident it has done everything necessary to avoid a financial blacklisting, according to Deputy Prime Minister K Peter Turnquest.
FINANCE Minister K Peter Turnquest defended government’s intention to legislate non-profit organisations insisting yesterday the Minnis administration is simply seeking to ensure transparency while safeguarding the country against international risks.
The Government yesterday retracted a private sector “choke point” by moving to eliminate the need for companies to supply “certified bank statements” with business licence filings.