True to his campaign promise, Prime Minister Hubert Ingraham on Wednesday tabled the heads of agreement governing the Ginn development in West End, Grand Bahama, finally allowing an examination of the exemptions the government agreed to grant the company in respect of the multibillion-dollar development.

The Ministry of Finance usually calculates the savings on customs duty concessions for hotel developments at between 35% and 40%. In addition, the Ginn agreement includes stamp tax concessions in certain limited circumstances, meaning a further 7% exemption.

That means that the Ginn developers are saving a minimum of 35% and up to 47% of the cost of their development in tax concessions.


http://www.jonesbahamas.com/?c=45&a=14361

Why is GINN getting concessions from BATELCO for modern telecommunications services when regular folks go afoul of the law for VOIP?


Mr Parker is talking about this on "Issues of the DAY."

Yinna need to listen.

The government is letting the common Bahamian actually see what sort of deals they are doing in the name of the Bahamian people. Has the world gone crazy? Are we in the twilight zone? These sort of things are TOP SECRET and not for the eye's of stupid old Joe Bahamas!(Sarcasum ON)

Sunny, Please post the link. Thanks:)

Sunny, Please post the link. Thanks:)



I only have the link for the Journal article. They have snippets there.

Parker was reading it on air , but I can't find it.