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Business License Tax
Monday, 03 October 2011 14:48

Dear Editor,

Possibly some readers could clarify this situation:  For example;

We are a land development Company and pay yearly incorporation assessment as well as attorney while we await a change in the economic ability to sell property.  We wait three, four, or more years and have nothing but expenses.  Then comes a year where property has a sale-able value.  Then an individual looks at our profit or "earnings"  for this particular year and determines "These people are making money so here is their tax".  

Doesn't this kill the willingness to gamble on real estate here in the Bahamas?  And doesn't this look like socialism?

Interested investor


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