Minister Sears intimated that if the legislation passed in December 2000, is not strictly enforced, the country risks being replaced on another blacklist.
$18,000 in illegal phone calls made
Moratorium to be lifted by January
First increase in rates in 30 years
Consumers feel the effect of low water supply
Hawksbill Creek LNG, Ltd., a Bahamian company, proposes to construct and operate the LNG terminal. The Bahamian government is reviewing the project.
The Bahamas and other Caribbean nations are negotiating in some respects as a bloc – pressing for special considerations as smaller economies.
For the period July through October last year, revenue collection was about $60 million behind projections, authorities had earlier revealed.
The IMF recommendation is not the first time the new system of taxation has been recommended, but there may be new support for the idea.