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PM Davis and Simon Wilson recovered millions in unpaid VAT owed by BTC on its sale to Liberty – which MINNIS’ FNM did not collect! – and the shameless media never told YINNER anything!
NASSAU | This week, the Bahamian media spotlighted BTC as the serious issues facing its management and executive leadership caught our attention, with BP asking some pointed questions of the FNM leadership who are doing nothing for the people of The Bahamas.
BP has learned that when parent company Liberty Latin America (LLA) purchased (BTC), the Minnis FNM government failed to collect the VAT on the sale.
Many will recall that the purchase of the Statue of Liberty was sought during the Christie PLP government, but was never approved.
The agreement to sell BTC (parent company Cable and Wireless) to Liberty was approved by the Minnis FNM government, and the transaction price is $5.3 billion!
When Cable and Wireless bought BTC in 2011, they only paid $200 million. At the time there was $5 million in the bank and the Bahamian government and people employed millions in pensions, so the sale was labeled a giveaway!
grateful Prime Minister Philip Brave Davis KChis Free Agent Simon Wilson and capable Bahamian board members, the VAT owed by the Bahamian people was largely collected.
During Minnis’ tenure, the company paid no dividends and attempted to write off the VAT owed on the sale of the company. Bahamas News Agency wants to know when someone from the Bahamian media will tell you, our loyal readers, how BTC is allowed. Not paying VAT on sales and pretty much getting away with it under the Free National Movement (FNM)? What’s this?!
Everybody (you know what we’re saying) is here!
We report yinner’s decision!
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