Balanced Approach To Granting Concessions

Sharon Austin Top Stories

This island’s Minister of Finance, Christopher Sinckler, believes there must be a “balanced approach” to governments granting tax concessions to investors. Mr. Sinckler said that while officials should never “give away too much” in concessions, they should also never push themselves out of the market by not offering the necessary opportunities to investors because this would make them look elsewhere. …

Gov’t Signs Loan Agreement With CAF

Sharon Austin Top Stories

Government today signed a loan agreement with the Latin American Development Bank (CAF) for US$15 million to finance Barbados’ Tax Administration Infrastructure Reform Programme. Shortly before signing the document, Minister of Finance, Christopher Sinckler, said the programme would be implemented over a two-year period at a cost of US$18.93 million, with Barbados providing US$3.93 million in counterpart funding. Mr. Sinckler …