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v. t. e. The Cabinet constitutes the executive branch and has general direction and control of the Government of The Bahamas. It is necessary for the Cabinet to comprise at least nine Ministers inclusive of the Prime Minister and Attorney General. All Ministers are Members of Parliament of either the House of Assembly or the Senate.
The economy of the Bahamas is dependent upon tourism and offshore banking. The Bahamas is the richest country in the West Indies and is ranked 14th in North America for nominal GDP. [8] It is a stable, developing nation in the Lucayan Archipelago, with a population of 391,232 (2016). Steady growth in tourism receipts and a boom in construction ...
Politics of The Bahamas. The monarchy of The Bahamas is a system of government in which a hereditary monarch is the sovereign and head of state of the Commonwealth of The Bahamas. The current Bahamian monarch and head of state since 8 September 2022, is King Charles III. As sovereign, he is the personal embodiment of the Bahamian Crown.
18 April 1977 (age 46) Nassau, Bahamas. Political party. Progressive Liberal Party. Spouse. Herman N. Rolle. Pia T. Glover-Rolle (born 18 April 1977) is a Bahamian Progressive Liberal Party politician, entrepreneur, and philanthropist who is currently The Bahamas Minister of Labour and Public Service since 11 September 2023.
The Ministry of Finance is a government ministry of the Bahamas responsible for the care and management of public finances. The development and management of the annual government budget is a major aspect of the ministry's function. [1] Since 1984, Prime Minister of the Bahamas has mostly held the portfolio of Minister of Finance.
Taxation. Taxation in the Bahamas is collected by the Government of the Bahamas. The Bahamas are considered a tax haven given the lack of income tax, capital gains tax, inheritance tax or company tax. [1] Government tax revenue is instead derived from consumption, property and import taxes as well as licence fees. [2]
The Bahamas Institute of Chartered Accountants (BICA) is a professional body that regulates the accountancy industry in the Bahamas. In theory anyone approved by the relevant government ministry can act as an independent auditor, but in practice, all auditors are members of BICA.
Philip Edward " Brave " Davis KC MP (born 7 June 1951) [2] is a Bahamian politician serving as the prime minister of the Bahamas since 2021. He was the Member of Parliament (MP) for Cat Island, Rum Cay & San Salvador from 1992 to 1997 and returned to the seat in May 2002, which he still represents. Davis was deputy prime minister to Perry ...