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VOLUME:115 No.84, MARCH 22ND, 2018
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INSIDE
EU blacklist over end May ‘at latest’ Turnquest upbeat CHARGED WITH but corporate BODYBUILDER’S tax IS coming By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Deputy Prime Minister yesterday said the Government “trusts” the European Union (EU) will remove The Bahamas from its “blacklist” by May 2018 at “the latest”. KP Turnquest, addressing a financial services industry briefing, said he and Brent Symonette, the minister of financial services, left Brussels last week with the understanding they had presented everything necessary to demonstrate The Bahamas’ compliance with
the EU’s anti-tax avoidance drive. However, Tribune Business has learned that the Government’s planned legal reforms pave the way for the introduction of “corporate taxation” on a wide range of Bahamian financial services products. Carl Bethel QC, the Attorney General, confirmed that legislation intended to address the “blacklisting” concerns was designed to give “flexibility” in determining the type of corporate taxation that will be imposed.
MURDER
FULL STORY - SEE BUSINESS
AS THE Minnis administration forges ahead with its crackdown on shanty towns, a census of people living in all 11 of these illegal residential areas spread across New Providence is expected to begin Saturday, Labour Minister Dion Foulkes has told The Tribune. Mr Foulkes, who is chairman of the government-appointed shanty town committee, said
yesterday the government needs a clear understanding of the demographics involved as it moves to clean up the capital and more broadly the country. So far the committee has toured many of the shanty towns in The Bahamas and has narrowed down who the Bahamian landowners are. The government, Mr Foulkes said, intends to meet with these people to get a full understanding of the shanty town issue. SEE PAGE FIVE
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COCO CAY’S CRITICS ‘NEED TO BE CAUTIOUS’ By RICARDO WELLS Tribune Staff Reporter rwells@tribunemedia.net
DESPITE recent furore over Royal Caribbean Cruise Line’s planned $200m expansion of Coco Cay, the Bahamas Environmental Science and Technology (BEST) Commission has been aware of the plans for “some time now”. Philip Weech, director of the BEST Commission, yesterday said his office is aware of all expansions at the cruise cay. He also cautioned critics, insisting aspects of the development were proposed, reviewed and approved under two separate environmental impact assessments (EIA). The first of which was carried out between 2015 and 2016. Local environmental activists last week slammed the massive upgrade for its impact of the ecosystem of the Berry Islands, where Coco Cay is located. SEE PAGE NINE
BOWE VOICES DOUBTS OVER OBAN DEAL’S FINANCING
SHANTY TOWNS CENSUS UNVEILED By KHRISNA RUSSELL Deputy Chief Reporter krussell@tribunemedia.net
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By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net GOWON Bowe, president of the Bahamas Institute of Chartered Accountants, is not convinced the Minnis administration has secured “proof of funding” for the $5.5bn Oban Energies project. He also said Prime Minister Dr Hubert Minnis’ address Tuesday evening suggests the project remains a “concept” that has yet to be fleshed out. TRACEY PRATT, 43, outside court yesterday, who is accused of the murder of bodybuilder Paul Melbourne on Saturday. See page three for the full story. Photo: Terrel W. Carey/Tribune Staff
SEE PAGE SEVEN
KHIARA LAWSUIT: ‘THROW IT OUT’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
A FORMER Bahamian beauty queen’s copyright lawsuit against the Ministry of Tourism “falls woefully short” and should be dismissed, the Government agency is demanding. The Ministry, in its March 19 response to the action filed by ex-Miss Bahamas Universe, Khiara Sherman,
KHIARA SHERMAN alleged that she and her record company had failed to identify the advertisements that used her Fly
Away With Me song without permission. Without specifics on the claimed violation, the Ministry of Tourism is arguing that it is “unable to defend” itself against the lawsuit by Mrs Sherman and AK Fortyseven Records, thereby giving the southern Texas district court sufficient grounds to dismiss the action. FULL STORY - SEE BUSINESS
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