Gaming operators strike back

Gaming operators strike back

The Bahamas Gaming Operators Association (BGOA) is threatening to take legal action within the next few days if the government refuses to meet with them regarding the proposed tax increase.

In a six-paged letter to the Deputy Prime Minister and Minister of Finance Peter Turnquest, Attorney for the association, Alfred Sears, outlined a number of concerns regarding the new taxation scale, which will now tax operators form a minimum of 20 per cent to a maximum of 50 per cent based on their earnings.

The tax structure also includes a new five per cent stamp tax on deposits made to gaming houses by customers.

The association call to move expropriatory, discriminatory and excessive.

The association say that what’s further baffling is a lack of consultation by the government in the wake of increasing taxes by 400 per cent to this sector.

See letter printed below in it’s entirety: