National
People Are Tired Of Handouts: They Want Opportunities
NASSAU, BAHAMAS – Member of Parliament for Killanery and former Prime Minister, Dr. Hubert Minnis is objecting the cancellation of the Over The Hill Initiative, calling the move by government concerning.
NASSAU, BAHAMAS – Member of Parliament for Killanery and former Prime Minister, Dr. Hubert Minnis is objecting the cancellation of the Over The Hill Initiative, calling the move by government concerning.
An incentive legislation essentially created a tax free zone for the inner city to empower residents and business owners in the area.
According to Dr. Minnis, Bahamians are tired or handouts and want opportunities that help elevate them.
He says the removal of the tax free zone has led to some unfortunate consequences.
Economic Affairs Minister Michael Halkitis clarified that the legislation encompassed a sunset clause.
The provision stipulates that upon reaching a predetermined timeframe, the effectiveness of the initiative undergoes review and can either be extended or discontinued based on its success.
The provision stipulates that upon reaching a predetermined time frame, the effectiveness of the initiative undergoes review and can either be extended or discontinued based on its success.
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