Insurance companies have run “afoul” of the value-added tax (VAT) act by not remitting VAT on health insurance services to the government, but claiming it as an input and having the Department of Inland Revenue return it to them, Prime Minister and Minister of Finance Philip Davis said yesterday, adding that the government is now
When it comes to transparency and accountability in office, administrations often talk a good talk, buy into their own hype and obfuscate while failing to be truly accountable or transparent. “Accountability and transparency” are often convenient declarations, but many times we are met with obscurity and spin in our demands for information. While the Davis
While praising Attorney General Ryan Pinder’s “comprehensive” statement on the collapse of FTX, Shadow Minister of Finance Kwasi Thompson said the government’s response took too long, which caused irreparable damage to the country’s reputation. Pinder delivered a national address on the fall of crypto giant FTX, an exchange that is headquartered in The Bahamas. “We
OPPOSITION: Gov t silence on FTX has caused irreputable damage – Eye Witness News ewnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewnews.com Daily Mail and Mail on Sunday newspapers.
Government revenue in August stood at $197.8 million, a nine percent increase year-over-year, but a 24 percent decrease over the previous month. The Ministry of Finance attributed the decline to a seasonal drop off in local consumer spending, saying August is typically a high travel month for locals. “During the month, revenues increased by 9.4 percent