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 …

B’dos Is A Clean, Low Tax Jurisdiction

Sharon Austin Top Stories

Barbados is a clean, well regulated, low tax jurisdiction and not a tax haven! This was Prime Minister Freundel Stuart’s firm message when a delegation from the United States of America, including Chief Aides and Policy Advisors to Congressional Members Elliot Engel and Ileana Ros-Lehtinen, Eddy Acevedo and Eric Jacobstein, paid him a courtesy call recently at Government Headquarters. Those …

Call To Study Harmful Tax Practices

Julie Carrington Top Stories

Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, is encouraging members of the international business sector to study the work of the Forum on Harmful Tax Practices. He said this research must be conducted within the context of Government’s commitment to the sustainability of this sector and its operation on a level that provides a secure …

Earlier Opening For Land Tax Payments

bgis Ministry News

The Barbados Revenue Authority’s payment section at Weymouth Corporate Centre, Roebuck Street, St. Michael, will open at 7:30 a.m. until Friday, October 27, to accommodate taxpayers who are seeking to take advantage of the early payment discount period for land tax. The Authority’s payment sections at the Treasury Building, Bridgetown; and Holetown, St. James locations will continue to open at …

Soft Drinks Tax Vital For Country’s Health

Theresa Blackman banner, Top Stories

Despite the various levels of criticism being heaped on the imposed tax on soft drinks, one Government Minister is adamant that such taxes would only redound to the benefit of many Barbadians. Speaking at the launch of Pharma Wellness International Inc’s “Be Brunswick Fit” Campaign on Tuesday at the Maria Holder Diabetes Centre, Labour Minister, Dr. Esther Byer Suckoo, said …

Barbados & Italy Looking To Deepen Ties

Theresa Blackman Top Stories

Barbados and Italy are looking to deepen relations by collaborating on a number of projects. This was one of the points discussed when Italy’s Special Envoy for the Caribbean, Paolo Serpi, paid a courtesy call recently on Industry Minister, Donville Inniss, at his Reef Road office. During the wide-ranging discussions, both officials identified the fashion industry, namely marketing and design, …