05052022 NEWS AND SPORT

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$1BN BLACK HOLE OF UNPAID TAXES OVERFLIGHT FEES BRING IN UP TO $32M

Inland Revenue reveals scale of oustanding arrears by Bahamians By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net THE government’s top revenue agency yesterday revealed that “unacceptable non-compliance” by Bahamian taxpayers had resulted in the build-up of $1bn in outstanding tax arrears. Shunda Strachan, the Department of Inland Revenue’s acting director, speaking as the Revenue Enhancement Unit’s new

Carmichael Road headquarters were formally unveiled, said: “Over the last several years, we have seen an unacceptable rate of non-compliance. “In total, taxpayers have failed to file or to pay close to $1bn.” “Worse yet, we have identified businesses that are intentionally underrecording [the value of transactions] to avoid what they are obligated to pay.”

By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net ECONOMIC Affairs Minister Michael Halkitis estimates that The Bahamas stands to gain between $28m and $32m in revenue in overflight fees this fiscal year. In the Senate yesterday, Mr Halkitis added that there are budding opportunities in expanding the country’s control of its air space, which should be capitalised upon. SEE PAGE FOUR

FULL STORY - SEE BUSINESS

CONVICT APPROVED BY FNM FOR WORK SCHEME By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net

TIMOTHY Saunders, the convict killed at a gas station on Monday, was approved for the Bahamas Department of Corrections’ work scheme under the Minnis administration, National Security Minister Wayne Monroe said yesterday. Mr Munroe said

Saunders was near the end of his 18-year prison sentence, having been set for release in 2024 following a manslaughter conviction. Mr Munroe said Saunders was approved for the work scheme on September 13, 2021, and began the work in February. He was killed on Monday at a Rubis gas station at Mackey Street and Madeira Streets. SEE PAGE THREE

FLYING THE FLAG FOR PEACE A PARTICIPANT in a prayer walk and rally at Centreville Urban Renewal Centre, in Deveaux Street, flying the Bahamian flag during the parade. See PAGE SEVEN for more photographs. Photo: Racardo Thomas/Tribune Staff

‘ACT NOW TO PROTECT WOMEN AND CHILDREN’ By LEANDRA ROLLE Tribune Staff Reporter lrolle@tribunemedia.net

SENATOR Michela Barnett-Ellis renewed calls for stiffer penalties against people who commit sex crimes against women and children, noting an apparent “disgusting” uptick recently in violent acts against the group. SEE PAGE TEN

‘EXTRA STAFF NEEDED’ TO MEET DISCLOSURE RULES By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net PUBLIC Services State Minister Pia Glover-Rolle said the challenges public officials face meeting financial disclosure requirements highlight the need for investment in additional staff to help officials meet their obligations. The Tribune asked numerous parliamentarians yesterday if they had filed their disclosures on

PIA GLOVER-ROLLE,Minister of State for the Public Service. time. Of those, some said they had done so, including Mrs Glover-Rolle, Dr Hubert Minnis, Dr Michael

Darville, Glenys Hanna Martin, Leon Lundy, Wayne Munroe, John Pinder, Shanendon Cartwright, Adrian White, Clay Sweeting and Keith Bell. Bishop Victor Cooper, chairman of the Public Disclosure Commission, reportedly told The Nassau Guardian that some firsttime MPs were not aware that there was a legal requirement for them to file financial disclosures under

Nassau & Bahama Islands’ Leading Newspaper

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FRONT PORCH: REFLECTING ON INDEPENDENCE

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