Tax Hikes

first_img $50,000 donated by Wine Cellar Facebook Twitter Google+LinkedInPinterestWhatsApp Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 25 Oct 2014 – Lots of new taxes talked about when the Cabinet got together this week… cost of living and working and reveling in the islands will be more expensive beginning from this month. October saw the activation of the stevedoring tax hike and now government is reminding of the November increase on the pricing of tourism activities. A 12% tack on to the cost of services in 19 new areas, as the Revenue Department in the Ministry of Finance reminds the public that the House of Assembly has approved an amendment to the Hotel and Restaurant (Taxation) Ordinance for these changes to take effect. There is push back from the sector, but it appears that all will go ahead as TCIG planned… as the tax for these designated tourism service providers will apply if the company exceeds a quarterly income of $12,000 or annual income of $50,000. It will be 12% more expensive for services like: water sports, sight-seeing, concierge, fishing, destination weddings, photography and golfing. This tax takes effect next Saturday, November 1st, 2014.center_img Related Items:concierge, destination weddings, fishing, photography, sight-seeing, tax increase, taxation ordiance, water sports Police update on Friday 13 snorkel death in Provolast_img read more

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Promising Developments at Former New Jersey Supply Depot

first_img Dan Cohen AUTHOR The Lincoln Equities Group plans to turn an unused, 90-acre waterfront parcel at the former Military Ocean Terminal Bayonne, N.J., into 1.6 million square feet of “next generation” industrial warehouse space to house e-commerce and logistics companies importing goods through the Port of New York and New Jersey, officials announced Thursday. The developer is acquiring the site from Highstar Capital for a project which is expected to generate 2,700 jobs, reports the Jersey Journal. … The former Army facility, a man-made peninsula jutting into New York Harbor, has seen little development until recently. Last week, Bayonne officials said they had reached an agreement with the Port Authority of New York and New Jersey to operate a commuter ferry to Manhattan, according to the Hudson Reporter.Jersey Journal photo by Reena Rose Sibayanlast_img read more

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