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Bahamas Ecommerce Law and Taxation

There is no income, purchase or sales tax in the Bahamas. Having no experience collecting taxes, collecting revenues from e-transactions becomes that much more difficult for the Bahamas. Additionally, the Bahamas is not a signatory to any double tax treaty with other country, thus allowing the widespread exploitation of the Bahaman system by foreigners. There is no direct personal or corporate taxation in the Bahamas, making it a pure tax haven. According to one survey, it is estimated that there are presently 93,000 Internet users in Bahamas. Given the lack of experience with collecting taxes, trying to scrutinize and tax Internet transactions is particularly difficult.

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The Future: Cloud Computing in a Mobile World

It seemed that, virtually, over night the word "cloud" found its way into the popular lexicon. More aptly put, "cloud computing" is likely to be the future of the web and mobile technology. What's important to point out is that cloud computing potential doesn't begin and end there. ABI Research released a report recently that approached the issue of cloud computing and the growing need for it.

If you're not sure what "cloud computing" means, basically put, it's the infrastructure where both data storage and the data processing happens outside the device you're using. There are already many examples of this. It just allows for you, let's say phone, to work without having to download entire programs just to run one application. Instead you pull the data from one of these processing hubs. Many companies already use this technology and it's likely to become increasingly important and continue the way we live our lives and do business.

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Top 5 Reasons Why Your Website Isn't Effective
Sunday, 24 October 2010 19:24

“If you build it, they will come.” (Field of Dreams)

That concept may work in movies, but not on the Internet. Your website won’t hold your intended audience unless it is constructed on a solid foundation: effectiveness. There are five main support structures: design, usability, search optimization, content and maintenance.

Let’s look at how your foundation can collapse because of weak areas:

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The Bahamas Automated Clearing House: An Introduction
Wednesday, 10 February 2010 21:08

The Automated Clearing House is a system authorized by the U.S. government that involves a financial environment wherein a network of web-linked banks makes electronic wire transfers possible.  With the presence of the Automated Clearing House, it will be easier for people to deposit cash and issue cheques for business and personal consumption.

Recently, Brian Smith the business manager of the Bahamas ACH, was featured in the local news because of the pending utilization of ACH within the Caribbean islands. Smith, in this interview, enumerated some of the major advantages the people of the islands can get from the Automated Clearing House in the islands in terms of both personal and business financial transactions. These are as follows.

 

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Requirements Engineering for Web Applications
Wednesday, 23 December 2009 18:26

A web application requires a team of people steered by common strategies and goals using a set of tools to generate design and code. However before beginning the development of the application, it is important to do requirements engineering. It is an important step in the development of a web application because the end result is entirely dependent upon the way the requirements are defined.

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